Arkansas Administrative Code
Agency 019 - State Board of Accountancy
Rule 019.00.01-002 - Rule 3.6 - Number of Sittings, Passing Grade and Granting of Credit, Effective Dates, Release of Grades and Completion of Examination
Current through Register Vol. 49, No. 2, February 2024
(a) At any sitting, the applicant must sit for all parts for which he has not yet received a passing grade.
(b) A grade of at least 75 is hereby prescribed as a passing grade for each subject. A grade of 50 is required on each part of the examination not passed. Applicants failing to achieve the minimum grade(s) will not be permitted to sit for any subsequent examinations without submitting proof acceptable to the Board of additional preparation for the parts on which the 50 minimum was not achieved. The additional preparation must be in the same subject(s) as the part(s) on which the 50 minimum was not achieved.
(c) A first-time applicant who does not become a conditioned applicant shall be permitted to sit for additional examinations as a re-exam applicant provided the applicant continues to meet all examination requirements specified in the Act and these rules.
(d) A first-time applicant or a re-exam applicant who becomes a conditioned applicant shall be permitted to sit for the next six (6) consecutive examinations as a conditioned applicant.
Business Law: Business Law & Professional Responsibilities (LPR)
Auditing: Auditing (AUDIT)
Practice: Accounting & Reporting - Taxation, Managerial, and Governmental and
Not-for-Profit Organizations (ARE)
Theory: Financial Accounting & Reporting- (FARE)
(e) In the Board's discretion for good cause shown, the Board may grant a condition to an applicant who passed one or more parts of the exam, but fails to sit for all parts of the exam due to circumstances beyond the applicant's control, provided that the applicant meets the other requirements of this rule. Any applications for such a waiver must be made in writing and received in the Board office at least sixty (60) days prior to the next exam given by the Board
(f) Once an applicant achieves a re-exam or conditioned status in Arkansas, the applicant is eligible to sit in Arkansas even though the applicant is no longer residing in Arkansas.
(g) The Board may permit an applicant of this State to sit for the examination under the supervision of another state Board as follows:
(h) Each applicant who has furnished the Board with all documentation for an original examination application shall receive from the Board, in writing, the grades received on each subject of the examination. The Board shall communicate the grades to the applicant on the date recommended as the national release date.
(i) An applicant shall be deemed to have passed the CPA examination when the applicant has been granted credit for all four subjects passed in accordance with the Act and these rules.
(j) It is the policy of the Board not to regrade papers.
(k) Applicants' answers to the examination questions are the property of the Board. They are retained by the Board or it's agent for ninety days after the national release date of grades and then destroyed. The Board will accept only those applicants of other jurisdictions to sit for the examination under the supervision of this Board as follows