Arkansas Administrative Code
Agency 019 - State Board of Accountancy
Rule 019.00.03-001 - Rule 3.3 - Examination Educational Requirements; Rule 3.4(d) - Applications; Rule 6 - Notification of Practice under Substantial Equivalency; Rule 7.4 - Application Procedures - Forms; Rule13.7(a) - Inactive Status
Universal Citation: AR Admin Rules 019.00.03-001
Current through Register Vol. 49, No. 2, February 2024
3.3 EXAMINATION EDUCATIONAL REQUIREMENTS
(a)
As used in these rules,
"accreditation" refers to the process of quality control of the education
process. There are two different levels of accreditation referred to in Rule
3.3 (b) below.
(1)
A college or
university will be considered accredited by one of the major regional
accreditation associations if accredited by one of the six (6) accrediting
agencies or its successor agency as follows:
(a)
Middle States Association of
Colleges and Secondary Schools;
(b)
New England Association of Schools
and Colleges;
(c)
North Central Association of Colleges and Secondary Schools;
(d)
Northwest Association of Schools
and Colleges;
(e)
Southern Association of Colleges and Schools;
(f)
Western Association of Schools and
Colleges.
Colleges and Universities accredited by these associations are listed in Accredited Institutions of Postsecondary Education published by the Council of Postsecondary Accreditation of the American Council on Education.
(2)
As referenced in Rule 3.3 (B) (2),
accreditation of an accounting program is granted by a national accreditation
agency recognized by the Board such as AACSB INTERNATIONAL - The Association to
Advance Collegiate Schools of Business. Such accreditation is in addition to
accreditation of the business college or programs, and is granted to accounting
departments or programs that have met a stringent set of standards addressing
faculty credentials, student quality curricula, and physical facilities.
Graduates who submit transcripts from accredited accounting programs are deemed
to have met the Board's specific accounting and non-accounting course
requirements.
Rule 3.4 (d) APPLICATIONS
(a)
Persons desiring to take the
examination for qualification as a Certified Public Accountant shall apply on a
form provided by the Board and obtainable from its office. Different
application forms are provided for original examinations and for
re-examinations.
(b)
Applications for permission to sit as a first time applicant must be received
in the Board office at least sixty (60) days prior to the scheduled
examination.
(c)
Items which constitute an original examination application are a completed
application form, the designated application fee, and other items enumerated in
the application form.
(d)
First-time applicants who have completed their education requirements
before making their original application for the examination must have their
official transcript submitted and received in the Board office at least thirty
(30) days prior to the examination. First-time applicants who have not
completed their education requirements prior to making their original
application for the examination must submit, at least thirty (30) days prior to
the examination, their current transcripts and letters from recognized school
officials stating that they may reasonably be expected to complete their
educational requirements as stated in the Act. Applicants must complete the
educational requirements as stated in the Act within forty-five (45) days after
the first day of the examination. In addition, official transcripts indicating
satisfactory completion of their requirements must be received in the Board
office within thirty (30) days after completion of such requirements. All
transcripts must be sent from the registrar(s) and certification letters must
be sent from the school officials directly to the Board. Candidates with
foreign educational backgrounds must arrange to have their credentials
evaluated by a service that is a member of the National Association of
Credential Evaluation Services (NACES).
(e)
Application to sit as a re-exam or
conditioned applicant must be made on
the proper application form
provided by the Board. The properly completed application form and the
designated application fee must be received in the Board office at least sixty
(60) days prior to the scheduled examination.
(f)
It is the responsibility of the
applicant to make timely delivery of the appropriate application form and
designated fee. In no instance need applications be accepted by the Board if
the instructions and deadlines set forth in Paragraph 3.4(a) through 3.4(e)
have not been met.
(g)
All applications must be either officially accepted or rejected by the
Board.
The Board reserves the right to withdraw its approval by issuing notice thereof in writing or by telephone or telegraph, not less than twenty-four (24) hours prior to the commencement of the scheduled examination.
Rule 6 NOTIFICATION OF PRACTICE UNDER SUBSTANTIAL EQUIVALENCY
6.1
(a)
A person holding a current certificate, license, or
other authority in good standing to practice as a CPA, issued by another state,
shall file notice with the Board on a form approved by the Board. The fee for
this filing is found in Rule 12.
(b)
Upon determining that the CPA
qualifies to practice on the basis of substantial equivalency pursuant to
A.C.A. §
17-12-311,
the Board shall approve the CPA's substantial equivalence filing and provide
written documentation to the CPA. The CPA shall not practice public accounting
in Arkansas until the Board's approval of his qualifications.
(c)
The filing of substantial
equivalency shall expire December 31 of the year for which the filing is
approved by the Board. The filing can be renewed by the CPA filing the form
approved by the Board for notice to practice under A.C.A. §
17-12-311
and the fee provided in Rule 12
6.2
If the CPA does not qualify under
the substantial equivalency standards in A.C.A. §
17-12-311,
the Board shall issue a reciprocal certificate to the holder of a certificate,
license or other authority by another state provided that the CPA qualifies
pursuant to A.C.A. §
¶
17-12-308.
7.4
Application Procedures;
Forms.
Each applicant for registration as any type of licensed business entity shall register with the Board of Public Accountancy prior to performing public accounting work in the state of Arkansas. Such registration form must include an affidavit signed by a general partner, shareholder, or member of such business entity who is a certified public accountant or public accountant of Arkansas in good standing, attesting to the accuracy of the information in the application materials.
INACTIVE STATUS
13.7
(a)
A licensee who complies with this Rule 13.7 shall be granted an exception
to the continuing education requirement of A.C.A. §
17-12-502.
(b)
To qualify for this exception, the
licensee must annually pay the appropriate inactive status registration fee as
determined by the Board and complete a form prescribed by the
Board.
(c)
A licensee
on inactive status shall not perform any of the services set forth in A.C.A.
§
17-12-505. If the
licensee performs any such services, he shall be subject to discipline by the
Board pursuant to A.C.A. §
17-12-601, et
seq. or §
17-12-105.
(d)
A person on inactive status may
convert to active status as follows:
1.
Complete a form prescribed by the Board and submit payment of the
appropriate fee(s) (initial or upgrade) for active status.
2.
Comply with CPE requirements under
these rules for the renewal period following reinstatement on a pro rata basis,
such hours to be computed at a rate of 3 1/3 hours per month from the date of
reinstatement to the end of the renewal period in which reinstatement
occurs.
3.
Comply with
the appropriate condition below:
(A)
If inactive for less than three (3) years, the licensee must deliver
documentation acceptable to the Board showing completion of forty (40) hours of
CPE, qualified pursuant to Rule
13.2, for each consecutive (12)
month period the licensee was on inactive status; for any period of less than
twelve (12) consecutive months, whether alone or as part of a period exceeding
twelve (12) months, the number of CPE hours shall be prorated at the rate of 3
1/3 hours of CPE per month of inactive status.
(B)
If inactive for three (3) years or
more, the licensee must develop and deliver to the Board a proposed program of
CPE as specified in Rule
13.2(a) ( to
include four hours of accounting professional conduct and ethics. After the
Board's approval of the CPE program, the licensee shall complete all of the CPE
hours during the 36-month period immediately preceding the date of the
licensee's application for active status. The licensee shall attach to said
application documentation acceptable to the Board showing successful completion
of all of the CPE hours comprising said CPE program.
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