A new state law, signed last week by Gov. Andrew M. Cuomo and hailed by certified public accountants as "a milestone," will ease the way for New York State CPAs to practice in other states by eliminating the need for multiple state licenses.
Among those who lobbied for passage of the bill were Long Island professional accountants, according to Harold Deiters, president of a the Suffolk chapter of the New York State Society of CPAs, writing in the chapter's August newsletter.
The bill "ensures that all New York licensed CPAs will have the same access to cross-border practice that non-New York CPAs have when they provide client services across state lines, and eliminates the threat of quid pro quo provisions that other states have enacted against non-mobility states," Deiters wrote.
Out-of-state CPAs will be allowed to engage in cross-border practice if their home state has standards equivalent to New York's, "even if the cross-border practice in question consisted of a single email," the CPA group said in a news release. Consumers will also be protected under the law, which bars out-of-state CPAs from New York if they've been subject to disciplinary action in the previous seven years.
The bill goes into effect on Nov. 15, said the state group, which represents more than 28,000 CPAs.
Photo shows CPA Harold Deiters, president of the Suffolk County chapter of the NYSSCPA.
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