Florida's House Bill 991, introduced on April 25, 2025, aims to reform the regulatory framework for certified public accountants (CPAs) in the state. The bill proposes significant changes to the fee structure associated with CPA applications, examinations, and renewals, with the goal of ensuring the financial sustainability of the regulatory body overseeing the profession.

One of the key provisions of House Bill 991 is the establishment of a fee system that aligns with the actual costs incurred by the Florida Department of Business and Professional Regulation. The bill specifies that the examination fee will cover expenses related to the procurement, administration, grading, and review of the CPA exam, while also allowing for a refundable fee if an applicant is deemed ineligible. The initial application fee is set as nonrefundable, and the combined fees for application and examination will not exceed $250, plus any additional costs from the American Institute of Certified Public Accountants or similar organizations. Furthermore, the bill outlines a biennial renewal fee capped at $250 and introduces provisions for reactivation and delinquency fees.

The introduction of House Bill 991 has sparked discussions among stakeholders in the accounting profession. Supporters argue that the bill will streamline the licensing process and ensure that fees are fair and reflective of actual costs, thereby enhancing the profession's integrity. However, some critics express concerns that the increased fees could pose a barrier to entry for aspiring CPAs, particularly those from underrepresented backgrounds.

The implications of this bill extend beyond just the accounting profession. By potentially increasing the number of licensed CPAs in Florida, the bill could enhance the quality of financial services available to businesses and individuals, ultimately contributing to economic growth. Additionally, the regulatory changes may lead to improved oversight and accountability within the profession, fostering greater public trust.

As House Bill 991 moves through the legislative process, its outcomes will be closely monitored by both supporters and opponents. The bill's passage could signify a pivotal shift in how CPAs are regulated in Florida, with lasting effects on the profession and the broader economic landscape.