SB 1131 Summary

• Amends definitions and regulatory requirements for certified public accountants (CPAs) in Arizona, including clarifying terms like "office," "accounting services," and "related courses."

• Modifies firm registration requirements by allowing business organizations to meet CPA firm standards and clarifying criteria for sole proprietorships and individuals performing attest or compilation services.

• Updates provisions for inactive and retired status certificates, including allowing reactivation once and clarifying expiration timelines for certificates inactive for more than six years.

• Revises limited reciprocity privilege rules for out-of-state CPAs, allowing them to practice in Arizona without registration if they meet specified qualifications and do not maintain an Arizona office.

• Clarifies firm registration cancellation, expiration, and reinstatement procedures, including rehabilitation requirements for reinstating revoked or expired registrations.