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Committee advances bill creating alternative pathways to CPA licensure amid workforce shortage
Summary
Senate File 15-36, proposing alternative pathways to CPA licensure to address a statewide shortage of certified public accountants, had an author's amendment adopted and was laid over for possible inclusion; testimony emphasized workforce impacts on small cities, nonprofits and public entities.
Senator Zachary Rasmussen presented Senate File 15-36, which would create alternative pathways to licensed certified public accountant (CPA) status in Minnesota by allowing a bachelor’s degree plus two years of relevant work experience or a master’s degree plus one year of experience as alternatives to the current 150-semester-hour pathway. The committee adopted an A2 author’s amendment and laid the bill over for possible inclusion.
Rasmussen said the additional 30 credit requirement for the 150-hour rule imposes an opportunity cost and…
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