All Roll Calls
Yes: 126 • No: 2
ArkansasSB4322025 Regular SessionSenateWALLET
TO AMEND THE LAW CONCERNING ACCOUNTANTS; AND TO AMEND THE DEFINITION OF SUBSTANTIAL EQUIVALENCY FOR THE PRACTICE OF ACCOUNTANCY.
Sponsored By: Jim Petty (Republican), Les Warren (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 2 benefits, 2 costs, 1 mixed.
Broader certification route for out-of-state accountants
Accountants holding another state's certificate, license, or permit have a broader route to Arkansas certification. The Arkansas accountancy board must issue a certificate when the applicant makes the showing required by Arkansas law. This route is no longer limited to applicants who fail to qualify under the separate substantial-equivalency standard.
First-time accountants need one year's experience
Applicants for their first Arkansas accountancy certificate must show at least one year of experience. This provision does not specify the type of experience that qualifies.
Lapsed accountant licenses face renewal deadlines
The board may reinstate a lapsed accountancy license if it receives the application by July 1 following the lapse. Applicants must pay a board-set fee and meet continuing education and other reinstatement requirements by the application date. Without a timely application, the board must revoke the license or registration after notice and a hearing. A revoked credential cannot be renewed or reinstated, but its holder can apply for a new one. The board may require education or passing the certified public accountant exam again.
Exam fee relief for eligible accountants
Accountancy applicants normally pay exam or retake fees when they apply. Applicants eligible for a board program that waives or pays those fees do not pay the covered charges. The law does not specify fee amounts or program eligibility rules here.
Board controls out-of-state accountant practice standards
The Arkansas accountancy board can set rules for deciding whether out-of-state licensing standards count as equivalent to Arkansas standards. This authority replaces stated provisions granting qualifying out-of-state accountants permission to practice without a separate Arkansas credential. The provision does not spell out the replacement requirements or fees.
Sponsors & Cosponsors
Sponsors
Jim Petty
Republican • Senate
Les Warren
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 3/31/2025
House Vote - Monday, March 31, 2025 3:47:05 PM
Yes: 92 • No: 2 • Other: 3
Senate vote • 3/17/2025
Senate Vote - Monday, March 17, 2025 3:16:27 PM
Yes: 34 • No: 0
Actions Timeline
Notification that SB432 is now Act 428
4/7/2025SenateDELIVERED TO GOVERNOR.
4/1/2025SenateReported correctly enrolled and ordered delivered to the Governor.
4/1/2025SenateORDERED ENROLLED
3/31/2025SenateReturned from the House as passed.
3/31/2025SenateReturned to the Senate as passed.
3/31/2025HouseRead the third time and passed and ordered transmitted to the Senate.
3/31/2025HouseReturned by the Committee Do Pass
3/19/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
3/17/2025HouseRECEIVED FROM THE SENATE
3/17/2025HouseOrdered immediately transmitted to the House.
3/17/2025SenateRead the third time and passed.
3/17/2025SenateReturned by the Committee, with the recommendation that it Do Pass
3/13/2025SenateRead first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
3/11/2025SenateFiled
3/11/2025Senate
Bill Text
SB432 - Introduced
3/11/2025
Act Version
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