PA 06-31—HB 5682
General Law Committee
AN ACT CONCERNING PUBLIC ACCOUNTANTS
SUMMARY: This act requires the State Board of Accountancy to adopt regulations to allow licensed “public accountants” to convert their licenses to “certified public accountant” licenses without requiring any testing. Existing law allows public accountants to renew their annual licenses if they meet the same continuing education requirements met by certified public accountants.
EFFECTIVE DATE: October 1, 2006
Public Accountants and Certified Public Accountants
Prior law required the board to issue without charge credentials called “authorities” to practice public accounting to returning Korean War and World War II veterans who (1) practiced accounting as their principal profession before entering the service or (2) were in the service on June 29, 1955 and had been employed by an accounting firm as a staff accountant before entering the service. Applicants were required to apply within one year of their discharge. The law sets more rigorous standards for certified public accountants, requiring them to meet character, education, examination, and experience requirements (CGS § 20-281c).
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