Accountancy.

Defines "principal place of business". Requires a certified public accountant applying for an initial issuance of a certificate to have one year of experience. (Under current law, an applicant must have two years of experience.) Requires a licensee to hold a license in good standing to convert it to inactive or retired status. Provides that nothing in the statute precludes an inactive or retired status certified public accountant from: (1) providing uncompensated services; (2) participating in a government sponsored business mentoring program; (3) serving on the board of directors for a nonprofit or governmental organization; or (4) serving on a government appointed advisory board.