RI H7839

Establishes three pathways to CPA licensure: post-baccalaureate degree with 1 year experience, baccalaureate degree plus 30 credit hours with 1 year experience, or baccalaureate degree with 2 years experience

Creates "individual mobility practice privileges" allowing CPAs licensed in good standing from other states to practice in Rhode Island without obtaining a separate state license, provided they meet specified qualifications

Increases Board of Accountancy CPA members from 3 to 4, eliminates the public accountant seat, and requires all four professional members to have at least 10 years of full-time public accountancy experience

Adds administrative penalty authority allowing the board to impose fines up to $1,000 per violation for licensees and up to $2,500 per violation for unlicensed practice

Grants CPA firms mobility provisions allowing out-of-state firms to practice in Rhode Island without a permit when their CPAs qualify for individual mobility privileges, so long as they do not establish a physical office or offer attest/compilation services in the state