By Amol Tembe CPAs from diverse industries testified before the New York State Assembly on November 16 on A. 8600, the proposed legislation to update the state's accountancy law. Witnesses addressed issues such as mandatory CPE regulations, licensure requirements, and the CPA designation. We at Viacom have a tax compliance department with over thirty people to prepare federal and various state returns. While supporting the provisions of the proposed bill, Thomas A. Sullivan, vice president of internal audit for the National Football League, called for CPE to be more relevant to CPAs in industry. The CPAs in industry who testified before the state Assembly also supported licensure changes, including broadened experience requirements.
Individuals can go outside public accounting firms for their experience requirement.
There are a number of qualified people in my department now who could potentially benefit from this position. He pointed out that the CPA designation remains important to individuals even when they no longer work in public accounting. I believe it's because it's a professional qualification to the employer and others that they are a trusted advisor. She advocated the bill's provisions that would hold CPAs in industry to similar regulations as CPAs in public accounting. If people hold themselves out as CPAs, I want them to be regulated as CPAs.