Pennsylvania Gov. Tom Corbett has signed a law that changed the professional experience requirement for obtaining a CPA license in the state by removing the stipulation for 400 hours of attest activity.
The attest activity requirement is replaced with one that is considered to be more practical and flexible. It says auditors must have “provided any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, which were gained through employment in government, industry, academia, or public practice,” CPA Practice Advisor reported.
“The attest experience requirement was too restrictive and did not reflect the full scope of CPA services,” said Michael D. Colgan, the CEO of the Pennsylvania Institute of CPAs. “Today, CPAs provide services in numerous areas, including accounting, attest, compilation, management advisory, tax and consulting. The new law allows CPA candidates to pursue multiple career paths.”