Accounting Standards

West Virginia bill attacking CPAs stalls

House Bill 2007 would have diminished occupational licensing requirements as they apply to individual reciprocity, including those that apply to certified public accountants

A legislative bill in the West Virginia senate, which targeted certified public accountants (CPAs) and would have weakened the requirements for occupational licensing, has failed to become law in the state.

The House Bill 2007 would have diminished occupational licensing requirements as they apply to individual reciprocity, including those that apply to CPAs.

Various professional and regulatory bodies teamed up to prevent the bill becoming law, such as the AICPA, the National Association of State Boards of Accountancy (NASBA), the state board of accountancy, and the state CPA society.

However, despite this win for the accounting profession, more legal battles regarding similar bills are set to take place across the nation.

The proposed legislation represents a growing trend across the United States to minimize occupational licensing rules, with the AICPA currently tracking 179 such efforts compared to 60 in 2020.

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