Montana Legislature revises CPA education requirements with SB 166 passage

The Montana Legislature convened on April 18, 2025, to introduce Senate Bill 166, a legislative measure aimed at revising the education requirements for individuals seeking licensure as certified public accountants (CPAs) in the state. This bill seeks to ensure that aspiring CPAs meet updated educational standards that align with current industry practices.

Senate Bill 166 amends Section 37-50-305 of the Montana Code Annotated, stipulating that applicants for initial licensure must graduate from an accredited institution with a baccalaureate degree and complete at least 150 semester hours of credit. Additionally, the bill mandates that applicants fulfill specific accounting and business course credit hour requirements as determined by the state board. This change reflects a growing recognition of the need for comprehensive educational preparation in the accounting field.

The bill also introduces provisions for continuing education credits, which licensees must obtain as outlined by board and department rules. Notably, it includes a mechanism for increased audits of licensees if compliance rates fall below a certain threshold, thereby enhancing accountability within the profession.

The proposed legislation has sparked discussions among stakeholders, particularly regarding the implications of the increased educational requirements and the potential impact on the number of new CPAs entering the workforce. Supporters argue that higher educational standards will improve the quality of accounting services in Montana, while opponents express concerns about the accessibility of the profession for prospective accountants.

Senate Bill 166 is set to take effect on January 1, 2026, allowing time for the necessary adjustments within educational institutions and the accounting community. As the bill progresses through the legislative process, its implications for the future of accounting education and practice in Montana will continue to be closely monitored by both proponents and critics alike.