Occupations: accounting; requirements for an accountancy firm license; modify. Amends secs. 724 & 728 of 1980 PA 299 (MCL 339.724 & 339.728).

This bill modifies Michigan's accounting laws to clarify when individuals and firms must hold a state license to practice public accounting. It allows non-accountants to work as employees or assistants without issuing reports under their own names and permits foreign accountants to temporarily work in the state with a special permit. The legislation also updates rules for firms that do not have a physical office in Michigan, specifying that they can offer certain services if they meet ownership and supervision requirements tied to a licensed CPA. Additionally, it clarifies that sole proprietorships run by a single licensed CPA do not need a separate firm license. These changes aim to streamline regulations for various accounting professionals while maintaining oversight standards.