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New Connecticut CPA pathway law takes effect Oct. 1; board to form working group to write regulations
Summary
The board discussed implementing House Bill 7020 (Public Act 2536), which creates an alternative pathway to CPA licensure and removes the 150-hour universal requirement; staff said regulations must be drafted before the Oct. 1 effective date and recommended a small working group that includes schools and DCP legal staff.
House Bill 7020, enacted as Public Act 2536 and signed by the governor on June 10, creates an additional pathway to a CPA license and becomes effective Oct. 1. Kat, a Department of Consumer Protection (DCP) staff member, told the Connecticut State Board of Accountancy that the new pathway removes the blanket 150-hour requirement and instead requires “a baccalaureate degree with an accounting concentration as determined by the board by regulation.”
The law matters because it changes education requirements that affect accounting curricula and how candidates qualify to sit for the CPA exam. Kat told the board a copy of the public act was included with meeting materials and that the board will need to promulgate implementing regulations to define “accounting…
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