The Accounting Podcast: Mythbusting Substantial Equivalency and Mobility for CPAs with SCACPA
The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South Carolina Association of CPAs (SCACPA), joins the show to bust myths around substantial equivalency and mobility rules for CPAs, and discuss the SCACPA’s proposed changes to licensure requirements in the state to encourage more accountants to become CPAs.
Knoble clarifies how states have flexibility in setting licensing requirements under existing standards while still enabling cross-border practice privileges. With an in-depth look at the Uniform Accountancy Act and real examples of alternative pathways, we shed light on this complex topic to provide an accurate understanding of what substantial equivalency and mobility mean for you as a accounting professional.