WI AB696

Creates three alternative pathways to CPA licensure: master's degree with 1 year work experience, bachelor's degree with 150 semester hours and 1 year experience, or bachelor's degree with 2 years work experience

Expands qualifying work experience beyond public accounting to include employment in government, industry, and academia involving accounting, attest, tax, consulting, or advisory skills

Removes the requirement for out-of-state CPAs to have their credentials verified through NASBA's National Qualification Appraisal Service to obtain practice privileges in Wisconsin

Changes the continuing professional development reporting period from 1 year to 3 years, while maintaining the 120-credit requirement

Allows candidates to sit for the CPA exam after completing either 120 semester hours or receiving a bachelor's degree with required accounting coursework