CPAs across the country will find it easier to practice accounting in Texas, thanks to the CPA mobility bill signed into law earlier this month by Gov. Rick Perry.
House Bill 2144, endorsed by the Texas Society of CPAs and passed by the 80th Texas Legislature in May, eliminates unnecessary red tape for out-of-state CPAs who practice in Texas. Out-of-state CPA firms will be required to have a Texas license to perform audits on Texas companies, but CPAs with qualifications that are substantially equivalent to those in Texas may practice in Texas without notice or license for all other services.
"Texas Society of CPAs supported this legislation from its introduction by Rep. Kino Flores in the Texas House of Representatives. The Society is pleased to have had such a successful legislative session and we’re glad out-of-state CPAs can now practice in Texas with fewer obstacles to doing so," said John M. Sharbaugh, TSCPA executive director/CEO. "Now we hope other states return the favor by passing similar legislation."
TSCPA is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has 27,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.