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AB188,7,3
1(c) For a candidate who qualifies under s. Accy 2.202 (5), certified copies of
2transcripts for all academic work leading to a bachelor's or higher degree in
3accounting meeting the coursework requirement described in s. Accy 2.202 (5).
AB188,11 4Section 11. Accy 2.202 of the administrative code is repealed and recreated to
5read:
AB188,7,10 6Accy 2.202 Education required for certification. A candidate applying for
7a certificate to practice as a certified public accountant must have earned a bachelor's
8or higher degree from an accredited educational institution and have satisfied one
9of the following for purposes of meeting the 150-hour coursework requirement under
10s. 442.04 (5) (b) 3., Stats.:
AB188,7,12 11(1) Earned a master's degree in accounting from an accounting program or
12department accredited by the Association to Advance Collegiate Schools of Business.
AB188,7,19 13(2) Earned a bachelor's or higher degree from a business program or college of
14business accredited by the Association to Advance Collegiate Schools of Business, the
15International Assembly for Collegiate Business Education, or the Accreditation
16Council for Business Schools and Programs, and completed at least 24 semester
17hours in accounting from an accredited educational institution at the undergraduate
18level or 15 semester hours at the graduate level, or an equivalent combination, that
19cover each of the following subject areas:
AB188,7,2020 (a) Financial accounting.
AB188,7,2121 (b) Cost or managerial accounting.
AB188,7,2222 (c) Taxation.
AB188,7,2323 (d) Auditing.
AB188,7,2424 (e) Accounting information systems.
AB188,8,2
1(3) Earned a bachelor's or higher degree from an accredited educational
2institution and completed all of the following:
AB188,8,53 (a) At least 24 semester hours in accounting from an accredited educational
4institution at the undergraduate level or 15 semester hours at the graduate level, or
5an equivalent combination, that cover each of the following subject areas:
AB188,8,66 1. Financial accounting.
AB188,8,77 2. Cost or managerial accounting.
AB188,8,88 3. Taxation.
AB188,8,99 4. Auditing.
AB188,8,1010 5. Accounting information systems.
AB188,8,1411 (b) At least 24 semester hours in business and economics courses other than
12accounting courses from an accredited educational institution at the undergraduate
13level or 15 semester hours at the graduate level, or an equivalent combination, that
14cover each of the following subject areas:
AB188,8,1515 1. Economics.
AB188,8,1616 2. Finance.
AB188,8,1717 3. Statistics or data analytics.
AB188,8,1818 4. Business law.
AB188,8,1919 5. Information technology.
AB188,8,23 20Note: The courses covering the subjects of financial accounting, cost or
21managerial accounting, taxation, and auditing under s. Accy 2.202 (2) or (3), would
22generally be courses taken beyond the introduction accounting course required of
23every business major.
AB188,9,3
1(4) Completed coursework that the board determines is reasonably equivalent
2to the course content and semester hours requirements specified in sub. (3) (a) and
3(b).
AB188,9,6 4(5) Satisfied the 150-hour coursework requirement as provided in emergency
5rule 1628. This subsection applies only to a candidate who submitted his or her
6application for a certified public accountant certificate prior to October 1, 2018.
AB188,12 7Section 12. Accy 2.303 of the administrative code is repealed and recreated
8to read:
AB188,9,12 9Accy 2.303 Education required for examination. A candidate for the
10certified public accountant examination must have satisfied one of the following for
11purposes of meeting the 120-hour coursework requirement under s. 442.04 (5) (b) 4.,
12Stats.:
AB188,9,13 13(1) Satisfied s. Accy 2.202 (1), (2), or (3).
AB188,9,16 14(2) Satisfied the course content and semester hours requirements specified in
15s. Accy 2.202 (3) (a) and (b), or completed coursework that the board determines is
16reasonably equivalent to those requirements.
AB188,9,20 17(3) Satisfied the 120-hour coursework requirement as provided in emergency
18rule 1628. This subsection applies only to a candidate who submitted an application
19to take the certified public accountant examination under s. Accy 2.302 prior to
20October 1, 2017.
AB188,13 21Section 13 . Nonstatutory provisions.
AB188,9,24 22(1) Notwithstanding section 227.24 (1) (c) and (2) of the statutes, emergency
23rule 1628 of the accounting examining board shall expire on the effective date of this
24subsection.
AB188,14 25Section 14 . Initial applicability.
AB188,10,3
1(1) The treatment of sections Accy 2.101 (2), Accy 2.202, and Accy 2.303 of the
2Wisconsin Administrative Code first applies to an application for a certificate as a
3certified public accountant submitted on the effective date of this subsection.
AB188,15 4Section 15 . Effective dates. This act takes effect on the day after publication,
5except as follows:
AB188,10,86 (1) The treatment of section 442.083 (title) of the statutes, the renumbering of
7section 442.083 of the statutes, and the creation of section 442.083 (2) of the statutes
8take effect on December 15, 2019.
AB188,10,109 (2) Notwithstanding section 227.265 of the statutes, the repeal and
10modifications of administrative rules take effect on June 1, 2017.
AB188,10,1111 (3) Sections 13 (1 ) and 14 (1) of this act take effect on June 1, 2017.
AB188,10,1212 (End)
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