Licensing information caution: misinformation on S823.

• Position: GAA UPDATE - Brief article

SB 823, the California Board of Accountancy sponsored bill that CalCPA is supporting, will help with the transition to the new licensure requirements. There has been some misinformation floating around on social media about this bill that incorrectly implies that SB 823 extends the current licensure requirements for all candidates. This is not correct.

SB 823 only extends the current licensure requirements (Pathway 1 or 2) for those who have passed all parts of the Uniform CPA Exam by the end of this year.

The two-year grace period is designed to assist candidates by giving them additional time to wrap up any additional licensure requirements they may need. After the two-year grace period, the candidate would have to satisfy the...