Modifies requirements to obtain licensure in public accountancy.

This bill updates New Jersey's requirements for public accounting licensure. It requires applicants to have either a bachelor's degree with an accounting concentration or 150 hours of accredited education from an institution recognized by the Commission on Higher Education. For out-of-state license holders, it removes "substantial equivalence" as a standard and instead requires a current license from another state, passing the CPA exam, and one year of experience. Existing license holders with practice privileges as of December 31, 2025 will continue to have those privileges without meeting the new requirements. The bill aims to modernize the state's accountancy licensure standards.