MI HB4892

Exempts sole proprietorships operated by licensed certified public accountants from the requirement to obtain a separate firm license to practice public accounting in Michigan

Updates gender-neutral language throughout the occupational code sections, replacing "his or her" with "the individual's" and "it" with "the firm"

Maintains existing requirements that firms with Michigan offices must have majority equity and voting rights held by licensed CPAs and that attest/compilation services must be supervised by licensed CPAs

Preserves provisions allowing out-of-state firms without Michigan offices to perform certain accounting services if they meet specified licensing and practice privilege requirements

Takes effect 90 days after enactment into law