In the end, was it because of race?
The California Board of Accountancy has reportedly voted to drop a controversial proposal to allow out-of-state accountants to practice without registering their qualifications with the state. Did the proposal die because it contained a 150-hour rule that some considered discriminatory to low-income students, especially Hispanics and African-Americans?
Unlike in many states, in California non-accountants are a majority on the board.
The new accountancy bill was a major priority for the nation’s CPA profession.
Meanwhile, the latest state to mandate the change is Pennsylvania, where on July 10 Gov. Rendell signed a bill amending the state CPA law to require 150 credit hours and one year experience. It goes into effect Jan. 1, 2012.
One Response to “Reciprocity Dies in California”
Adrienne
I would love to see more discussion on if race/income level really was part of this issue.