Pennsylvania Governor Tom Corbett has signed into law a measure that will allow more practical, broad-based professional experience to fulfill the requirements for getting a CPA license.
The legislation, known as House Bill 40, sponsored by Rep. Gordon Denlinger, R-Lancaster, removes the specific requirement of 400 hours of attest activity, which is essentially auditing of financial reports and insuring the reports are presented in the proper form. It replaces that with a requirement that an auditor 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.
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