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This week, the state forces of accounting for Missouri as well as Ohio invoices existed in order to enable students in both states after completion of 120 semester hours of the course work for the certified public accounting (CPA) examination. Although CPA candidates need to receive 150 educational times in both states to complete the CPA license, this legal requirement will now enable them to qualify the CPA test earlier and obtain the CPA test.
House Bill 2046 Changes the requirements to become a licensed CPA while CPA candidates must complete 150 semester hours to sit for the CPA test. The new invoice requires candidates to conclude at least 120 semester hours with a balancing concentration. It also enables the accounting of the Missouri State, "... Specified information about Peer Review from any approved American Institute for Certified Public Accountants Peer Review Program." The bill comes into force on 30 June 2021.
House Bill 442 was adopted on June 9, 2020 from Ohio House. State Representatives Bill Roemer (R-Richfield) made the announcement and explained the importance of legislation to enable CPA candidates to sit flexibility for the CPA testing they are ready. Before this assembly of the bill, the candidates in Ohio would send their score to other states to sitting earlier in their CPA trip for the CPA test.
Under House Bill 442, the 120 semester hours, which must be completed to sit the CPA check, must contain 30 hours of accounting classes and 24 hours after non-accounting business classes. It also allows Ohio residents to sit earlier for the CPA test when the current law enables existing penalty of the requirements of another year of experience. The bill comes into force on 1 July 2021.
This is an exciting time for CPA candidates in Missouri and Ohio, who endeavored to get the 150 semester lessons needed for the CPA test before seating. Candidates in these states now have more flexibility to learn and complete the CPA test while completing the 150 semester lessons.