Filed as: Board of Accountancy proposed rule changes
South Dakota's Board of Accountancy is creating a new flexible pathway for CPA licensure that allows candidates to qualify with either one year of full-time experience (2,000 hours over 1-3 years) or two years of experience (4,000 hours over 2-6 years), giving more options for when and how applicants accumulate required work hours. The education requirements now accept both accounting concentrations and equivalent courses of study from accredited institutions, with clear course categories (intermediate or advanced accounting, auditing, taxation, and cost accounting) that must be completed. For accountants performing attest services, the rule maintains a 375-hour minimum in auditing, compilation, or review work within the prior ten years. The Board also simplified reciprocity rules for out-of-state licensed accountants applying in South Dakota by removing outdated "substantial equivalency" language and clarifying that applicants need only show their education meets current South Dakota standards or that they passed a comparable exam.
AI-generated from the adopted rule text — verify against the official documents.
Modify rules to create a new pathway to sit for CPA exam and to obtain licensure.
Representative Muckey moved to deem the process complete, seconded by Representative DeGroot; the motion passed unanimously, implementing HB 1035's new CPA licensure pathway allowing candidates with only a bachelor's degree to sit for the exam with additional experience requirements.
No specific cites listed — see the package documents.
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