Florida Senate - 2026                                     SB 364
       
       
        
       By Senator Gruters
       
       
       
       
       
       22-00295A-26                                           2026364__
    1                        A bill to be entitled                      
    2         An act relating to public accountancy; amending s.
    3         473.301, F.S.; making a technical change regarding the
    4         purpose of ch. 473, F.S.; amending s. 473.302, F.S.;
    5         deleting the definition of the term “Uniform
    6         Accountancy Act”; amending s. 473.3035, F.S.;
    7         authorizing the Board of Accountancy to competitively
    8         procure contracted services with certain corporations
    9         not for profit for the performance of certain duties
   10         assigned to the Division of Certified Public
   11         Accounting of the Department of Business and
   12         Professional Regulation; authorizing the board to
   13         rescind such contracted services at any time by a
   14         majority vote; amending s. 473.306, F.S.; conforming a
   15         cross-reference; making a technical change; amending
   16         s. 473.308, F.S.; revising the education and work
   17         experience requirements for a certified public
   18         accountant license; directing the board to prescribe
   19         specified coursework for licensure; revising
   20         requirements for licensure by endorsement; revising
   21         requirements for licensure of international
   22         applicants; deleting obsolete language; amending s.
   23         473.312, F.S.; revising requirements for the approval
   24         of providers who administer continuing education on
   25         ethics for certified public accountants; requiring the
   26         board to give preference to certain providers;
   27         reenacting s. 473.311(1)(b), F.S., relating to renewal
   28         of license, to incorporate the amendment made to s.
   29         473.312, F.S., in a reference thereto; providing an
   30         effective date.
   31          
   32  Be It Enacted by the Legislature of the State of Florida:
   33  
   34         Section 1. Section 473.301, Florida Statutes, is amended to
   35  read:
   36         473.301 Purpose.—The Legislature recognizes that there is a
   37  public need for independent and objective certified public
   38  accountants and that it is necessary to regulate the practice of
   39  public accounting to assure the minimum competence of
   40  practitioners and the accuracy of audit statements upon which
   41  the public relies and to protect the public from dishonest
   42  practitioners and, therefore, deems it necessary in the interest
   43  of public welfare to regulate the practice of public accountancy
   44  in this state.
   45         Section 2. Subsection (9) of section 473.302, Florida
   46  Statutes, is amended to read:
   47         473.302 Definitions.—As used in this chapter, the term:
   48         (9) “Uniform Accountancy Act” means the Uniform Accountancy
   49  Act, Eighth Edition, dated January 2018 and published by the
   50  American Institute of Certified Public Accountants and the
   51  National Association of State Boards of Accountancy.
   52  
   53  However, these terms shall not include services provided by the
   54  American Institute of Certified Public Accountants or the
   55  Florida Institute of Certified Public Accountants, or any full
   56  service association of certified public accounting firms whose
   57  plans of administration have been approved by the board, to
   58  their members or services performed by these entities in
   59  reviewing the services provided to the public by members of
   60  these entities.
   61         Section 3. Subsection (1) of section 473.3035, Florida
   62  Statutes, is amended to read:
   63         473.3035 Division of Certified Public Accounting.—
   64         (1) All services concerning this chapter, including, but
   65  not limited to, recordkeeping services, examination services,
   66  legal services, and investigative services, and those services
   67  in chapter 455 necessary to perform the duties of this chapter
   68  are shall be provided by the Division of Certified Public
   69  Accounting. The board may, by majority vote, delegate a duty or
   70  duties to the appropriate division within the department or
   71  competitively procure contracted services pursuant to part I of
   72  chapter 287 for the performance of such duties, except for
   73  investigative services. All such contracted services must be
   74  fulfilled by corporations organized under chapter 617. The board
   75  may, by majority vote, rescind any such delegation of duties or
   76  contracted services at any time.
   77         Section 4. Subsection (3) of section 473.306, Florida
   78  Statutes, is amended, and subsection (4) of that section is
   79  republished, to read:
   80         473.306 Examinations.—
   81         (3) An applicant is entitled to take the licensure
   82  examination to practice in this state as a certified public
   83  accountant if:
   84         (a) The applicant has completed 120 semester hours or 180
   85  quarter hours from an accredited college or university with a
   86  concentration in accounting and business courses as prescribed
   87  specified by the board by rule; and
   88         (b) The applicant shows that she or he has good moral
   89  character. For purposes of this paragraph, the term “good moral
   90  character” has the same meaning as provided in s. 473.308(6)(a)
   91  s. 473.308(7)(a). The board may refuse to allow an applicant to
   92  take the licensure examination for failure to satisfy this
   93  requirement if:
   94         1. The board finds a reasonable relationship between the
   95  lack of good moral character of the applicant and the
   96  professional responsibilities of a certified public accountant;
   97  and
   98         2. The finding by the board of lack of good moral character
   99  is supported by competent substantial evidence.
  100  
  101  If an applicant is found pursuant to this paragraph to be
  102  unqualified to take the licensure examination because of a lack
  103  of good moral character, the board must shall furnish to the
  104  applicant a statement containing the findings of the board, a
  105  complete record of the evidence upon which the determination was
  106  based, and a notice of the rights of the applicant to a
  107  rehearing and appeal.
  108         (4) The board shall have the authority to establish the
  109  standards for determining and shall determine:
  110         (a) What constitutes a passing grade for each subject or
  111  part of the licensure examination;
  112         (b) Which educational institutions, in addition to the
  113  universities in the State University System of Florida, shall be
  114  deemed to be accredited colleges or universities;
  115         (c) What courses and number of hours constitute a major in
  116  accounting; and
  117         (d) What courses and number of hours constitute additional
  118  accounting courses acceptable under s. 473.308(4).
  119         Section 5. Subsections (4) through (10) of section 473.308,
  120  Florida Statutes, are amended to read:
  121         473.308 Licensure.—
  122         (4)(a) An applicant for licensure must meet at least one of
  123  the following requirements:
  124         1.Complete have at least 150 semester hours of college
  125  education, including a baccalaureate or higher degree conferred
  126  by an accredited college or university, with a concentration in
  127  accounting and business as prescribed in the total educational
  128  program to the extent specified by the board.
  129         2.Hold a master’s degree in accounting or finance
  130  conferred by an accredited college or university with a
  131  concentration in accounting and business as prescribed by the
  132  board.
  133         3.Hold a baccalaureate degree in accounting or finance
  134  conferred by an accredited college or university with a
  135  concentration in accounting and business as prescribed by the
  136  board.
  137         4.Hold a baccalaureate degree in any major course of study
  138  conferred by an accredited college or university and have
  139  completed coursework required for a concentration in accounting
  140  and business as prescribed by the board.
  141         (b)The board shall prescribe the coursework required for a
  142  concentration in accounting and business. The board may deem an
  143  applicant to have satisfied requirements for such coursework if
  144  the applicant receives a baccalaureate or higher degree in
  145  accounting or finance conferred by an accredited college or
  146  university in a state or territory of the United States. An
  147  applicant receiving a baccalaureate or higher degree with a
  148  major course of study other than accounting or finance must
  149  complete the coursework required for a concentration in
  150  accounting and business as prescribed by the board.
  151         (5)(a) An applicant for licensure who completes the
  152  education requirements under subparagraph (4)(a)1. or
  153  subparagraph (4)(a)2. after December 31, 2008, must show that he
  154  or she has had 1 year of work experience. An applicant who
  155  completes the education requirements under subparagraph (4)(a)3.
  156  or subparagraph (4)(a)4. must show 2 years of work experience.
  157         (b)Such work This experience includes shall include
  158  providing any type of service or advice involving the use of
  159  accounting, attest, compilation, management advisory, financial
  160  advisory, tax, or consulting skills, all of which must be
  161  verified by a certified public accountant who is licensed by a
  162  state or territory of the United States. This experience is
  163  acceptable if it was gained through employment in government,
  164  industry, academia, or public practice; constituted a
  165  substantial part of the applicant’s duties; and was verified by
  166  a certified public accountant licensed by a state or territory
  167  of the United States. The board shall adopt rules specifying
  168  standards and providing for the review and approval of the work
  169  experience required by this subsection section.
  170         (b)However, an applicant who completed the requirements of
  171  subsection (4) on or before December 31, 2008, and who passes
  172  the licensure examination on or before June 30, 2010, is exempt
  173  from the requirements of this subsection.
  174         (6)(a) An applicant for licensure must shall show that he
  175  or she the applicant has good moral character. For purposes of
  176  this paragraph, the term
  177         (7)(a) “good moral character” means a personal history of
  178  honesty, fairness, and respect for the rights of others and for
  179  the laws of this state and nation.
  180         (b) The board may refuse to certify an applicant for
  181  failure to satisfy this requirement if:
  182         1. The board finds a reasonable relationship between the
  183  lack of good moral character of the applicant and the
  184  professional responsibilities of a certified public accountant;
  185  and
  186         2. The finding by the board of lack of good moral character
  187  is supported by competent substantial evidence.
  188         (c) When an applicant is found to be unqualified for a
  189  license because of a lack of good moral character, the board
  190  shall furnish to the applicant a statement containing the
  191  findings of the board, a complete record of the evidence upon
  192  which the determination was based, and a notice of the rights of
  193  the applicant to a rehearing and appeal.
  194         (7)(8) The board shall certify as qualified for a license
  195  by endorsement an applicant who:
  196         (a)Is not licensed and has not been licensed in any state
  197  or territory and who has met the requirements of this section
  198  for education, work experience, and good moral character and has
  199  passed a national, regional, state, or territorial licensing
  200  examination that is substantially equivalent to the examination
  201  required by s. 473.306; or
  202         (b)1. holds an active a valid license in good standing to
  203  practice public accounting issued by another state or a
  204  territory of the United States, if the applicant has maintained
  205  good moral character and, at the time of licensure by such other
  206  state or territory, the applicant was required to show evidence
  207  of having obtained at least a baccalaureate degree from an
  208  accredited college or university and having passed the Uniform
  209  CPA Examination criteria for issuance of such license were
  210  substantially equivalent to the licensure criteria that existed
  211  in this state at the time the license was issued;
  212         2.Holds a valid license to practice public accounting
  213  issued by another state or territory of the United States but
  214  the criteria for issuance of such license did not meet the
  215  requirements of subparagraph 1.; has met the requirements of
  216  this section for education, work experience, and good moral
  217  character; and has passed a national, regional, state, or
  218  territorial licensing examination that is substantially
  219  equivalent to the examination required by s. 473.306; or
  220         3.Holds a valid license to practice public accounting
  221  issued by another state or territory of the United States for at
  222  least 10 years before the date of application; has passed a
  223  national, regional, state, or territorial licensing examination
  224  that is substantially equivalent to the examination required by
  225  s. 473.306; and has met the requirements of this section for
  226  good moral character.
  227         (8)(9)An international applicant who seeks licensure as a
  228  certified public accountant in this state must meet at least one
  229  of the following requirements:
  230         (a)Hold an active license in good standing to If the
  231  applicant has at least 5 years of experience in the practice of
  232  public accountancy in the United States or in the practice of
  233  public accountancy or its equivalent in a foreign country that
  234  the International Qualifications Appraisal Board of the National
  235  Association of State Boards of Accountancy has determined has
  236  licensure standards that are substantially equivalent to those
  237  in the United States, or has at least 5 years of work experience
  238  that meets the requirements of subsection (5), the board must
  239  waive the requirements of subsection (4) which are in excess of
  240  a baccalaureate degree. All experience that is used as a basis
  241  for waiving the requirements of subsection (4) must be while
  242  licensed as a certified public accountant by another state or
  243  territory of the United States or while licensed in the practice
  244  of public accounting, accountancy or its equivalent, in a
  245  foreign country that the International Qualifications Appraisal
  246  Board of the National Association of State Boards of Accountancy
  247  has determined has licensure standards equal that are
  248  substantially equivalent to those in the United States, and the
  249  international applicant has passed an exam pursuant to s.
  250  473.306(5).
  251         (b)Hold an active license in good standing to practice
  252  public accounting, or its equivalent, in a foreign country that
  253  the International Qualifications Appraisal Board of the National
  254  Association of State Boards of Accountancy has not determined
  255  has licensure standards equal to those in the United States, and
  256  the international applicant has met the requirements for
  257  education, work experience, and good moral character under
  258  subsections (4), (5), and (6) and has passed the Uniform CPA
  259  Examination. The board shall have the authority to establish the
  260  standards for experience that meet this requirement.
  261         (9)(10) The board may refuse to certify for licensure any
  262  applicant who is under investigation in another state for any
  263  act that would constitute a violation of this act or chapter
  264  455, until such time as the investigation is complete and
  265  disciplinary proceedings are have been terminated.
  266         Section 6. Paragraph (c) of subsection (1) of section
  267  473.312, Florida Statutes, is amended to read:
  268         473.312 Continuing education.—
  269         (1)
  270         (c) At least Not less than 5 percent of the total hours
  271  required by the board must shall be in ethics applicable to the
  272  practice of public accounting. This requirement shall be
  273  administered by providers approved by the board, and a majority
  274  of the hours must shall include a review of the provisions of
  275  chapter 455 and this chapter and the related administrative
  276  rules. Such requirement must be administered by reputable
  277  providers approved by the board. The board shall give preference
  278  to corporations not for profit organized under chapter 617 which
  279  are exempt from taxation under s. 501(c)(6) of the Internal
  280  Revenue Code and which demonstrate their experience, integrity,
  281  knowledge, practice, professional responsibility, and
  282  representation of the largest numbers of certified public
  283  accountants in this state.
  284         Section 7. For the purpose of incorporating the amendment
  285  made by this act to section 473.312, Florida Statutes, in a
  286  reference thereto, paragraph (b) of subsection (1) of section
  287  473.311, Florida Statutes, is reenacted to read:
  288         473.311 Renewal of license.—
  289         (1)
  290         (b) A nonresident licensee seeking renewal of a license in
  291  this state shall be determined to have met the continuing
  292  education requirements in s. 473.312, except for the
  293  requirements in s. 473.312(1)(c), if the licensee has complied
  294  with the continuing education requirements applicable in the
  295  state in which his or her office is located. If the state in
  296  which the nonresident licensee’s office is located has no
  297  continuing education requirements for license renewals, the
  298  nonresident licensee must comply with the continuing education
  299  requirements in s. 473.312.
  300         Section 8. This act shall take effect July 1, 2026.