The Committee on Labor, Commerce and Industry proposes the following amendment (LC-176.WAB0007H):

Amend the bill, as and if amended, SECTION 5, by striking Section 40-2-35(C)(1)(2)(f) and inserting:

   (f) mergesmergers and acquisitions;

Amend the bill further, SECTION 5, by striking Section 40-2-35(C)(1)(4)(b) and inserting:

   (b)  Applicants who have completed a post-baccalaureate degree, or a baccalaureate degree and an additional thirty semester credit hours of education, with at least one hundred fifty total semester credit hours, must also satisfy the experience requirements in subsection 40-2-35(G)(1)(b), which requires one year of relevant experience.

Amend the bill further, SECTION 6, by striking Section 40-2-35(E)(3) and inserting:

 (E)(3) in addition to the requirements of (C)(2) and (C)(3), the applicant must have on record with the board official transcripts that meet the education requirement and that demonstrate successful completion of of at least one hundred twenty semester hours credit, including: the requirements of subsection (C)(1), (2), and (3).demonstrating successful completion of either:
   (a) at least one hundred twenty semester hours of credit; or
   (b) a conferred baccalaureate degree.
   (a) at least twenty-four semester hours of accounting in course areas that are applicable to a baccalaureate, masters, or doctoral degree, including a minimum of six semester credit hours at the undergraduate level or three semester credit hours at the graduate level of principles or introductory accounting. The remaining semester credit hours, or the substantial equivalent, must cover some or all of the following subject-matter content: financial accounting for business organizations, financial statement auditing and attestation services, taxation, accounting information systems, financial accounting for government and not-for-profit entities, managerial or cost accounting, mergers and acquisitions, accounting-based data analytics and interrogation techniques, financial planning, fraud examination, internal controls and risk assessment, financial statement analysis, accounting research and analysis, tax research and analysis, accounting professional ethics, and other areas approved by the board; and
   (b) at least twenty-four semester hours of business courses that are applicable to a baccalaureate, masters, or doctoral degree and that cover some or all of the following subject-matter content: business law, economics, management, marketing, finance, business communications, statistics, quantitative methods, data analytics, data interrogation techniques, business data acumen, information systems or technology, business ethics, and other areas approved by the board, which may include semester credit hours, or the substantial equivalent, in accounting content not used toward meeting the requirement in subitem (a).

Amend the bill further, SECTION 8, by striking Section 40-2-35(G)(1)(1)(b) and inserting:

   (b) applicants who have completed a post-baccalaureate degree, or a baccalaureate degree and an additional thirty semester credit hours of education, with at least one hundred fifty total semester credit hours, must complete one year of relevant experience;

Amend the bill further, SECTION 8, by striking Section 40-2-35(G)(8) and inserting:

  (8) The accounting experience required by this subsection may only be attained after an applicant satisfies the requirements of subsections (C)(1), (2), and (3).begin upon successful completion of subsections (C)(2) and (C)(3), and:
   (a) at least one hundred twenty semester hours of credit, or
   (b) a conferred baccalaureate degree.

Renumber sections to conform.

Amend title to conform.