Pennsylvania SB 1240: An Act amending the act of May 26, 1947 (P.L.318, No.140), known as the CPA Law, further providing for requirements for issuance of certificate.

Bill Text

PRINTER'S NO. 1556
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 1240
Session of
2026
INTRODUCED BY HUTCHINSON AND PISCIOTTANO, MARCH 31, 2026
REFERRED TO CONSUMER PROTECTION AND PROFESSIONAL LICENSURE,
MARCH 31, 2026
AN ACT
Amending the act of May 26, 1947 (P.L.318, No.140), entitled "An
act relating to the practice of public accounting; providing
for the examination, education and experience requirements
for certification of certified public accountants and for the
licensing of certified public accountants, public accountants
and firms; requiring continuing education and peer review;
providing for the organization and ownership of firms and for
the procedures and grounds for discipline and reinstatement
of licensees; prescribing the powers and duties of the State
Board of Accountancy and the Department of State; providing
for ownership of working papers and confidentiality;
regulating the professional responsibility of licensees;
defining unlawful acts and acts not unlawful; providing
penalties; and repealing existing laws," further providing
for requirements for issuance of certificate.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 4.2(b)(3)(ii) and (iii) of the act of May
26, 1947 (P.L.318, No.140), known as the CPA Law, amended June
30, 2025 (P.L.85, No.27), are amended to read:
Section 4.2. Requirements for Issuance of Certificate.--* *
*
(b) Except as provided under subsection (b.1), before an
individual may take the examination, the board shall be
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satisfied that the individual meets all of the following:
* * *
(3) Has graduated with:
* * *
(ii) a baccalaureate degree from a college or university
accredited by a nationally recognized accrediting agency
recognized by the United States Department of Education, or a
college or university approved by the board, and completed at
least a total of twenty-four semester credits, which credits
shall be in accounting and auditing, business law, economics,
technology, finance or tax subjects of a content satisfactory to
the board, [not necessarily as a part of his undergraduate work]
and an additional twelve semester credits in accounting and
auditing subjects or tax subjects of a content satisfactory to
the board, not necessarily as part of the individual's
undergraduate or graduate work; or
(iii) a Master's Degree or other post-graduate degree from a
college or university accredited by a nationally recognized
accrediting agency recognized by the United States Department of
Education, or a college or university approved by the board, and
completed at least a total of twenty-four semester credits,
which credits shall be in accounting and auditing, business law,
economics, technology, finance or tax subjects of a content
satisfactory to the board, [not necessarily as part of his
undergraduate or graduate work.] and an additional twelve
semester credits in accounting and auditing subjects or tax
subjects of a content satisfactory to the board, not necessarily
as part of the individual's undergraduate or graduate work.
* * *
Section 2. This act shall take effect immediately.
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