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and tax treatments. Areas such as business law, ethics,
and economics are foundational to the role of the CPA.
The regulatory impact statement included
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comments relating to comparisons to other states in the
U.S. and the Great Lakes states. Currently only seven
states or jurisdictions do not have a general education
credit requirement, while the impact statement says that
we are similar to all states around the U.S. In
addition, the impact statement indicates that we are
similar to Great Lakes states, while in truth all states
near Michigan, including Indiana, Ohio, Wisconsin,
Illinois, and Minnesota, have a general business
requirement that is similar to the current requirement in
the State of Michigan. In addition, Ohio just completed
a full review of their CPA requirements which included
alternative paths to licensure, but notably retained the
general education credit requirements.
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I believe we will be doing a disservice
to students studying in the State of Michigan if their
early post-graduation personal or professional lives
resulted in a need to become licensed in a state that had
a general business credit requirement. They may not
qualify for licensure due to reciprocity rules. They may
not meet the education requirements of that state. In my
role at Michigan State University, I consult with
Penn Reporting, LLC - lori.penn@yahoo.com