California Code of Regulations
Title 16 - Professional and Vocational Regulations
Division 1 - State Board of Accountancy
Article 2 - Examinations
Section 12.5 - Attest Experience Under Business and Professions Code Section 5095
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
(a) To be authorized to sign reports on attest engagements pursuant to Business and Professions Code Section 5095, an applicant for a California Certified Public Accountant license pursuant to Business and Professions Code Sections 5087, or 5093 or holder of an unexpired, valid, active California Certified Public Accountant license issued pursuant to Business and Professions Code Sections 5087, 5092, or 5093 shall show to the satisfaction of the Board that they meet the requirements of this section and Business and Professions Code Section 5095.
(b) In order to meet the attest experience requirements of Section 5095 an applicant for or holder of a California Certified Public Accountant license shall show to the satisfaction of the Board that the applicant has completed a minimum of 500 hours of attest experience. This experience shall include all of the following:
(c) Qualifying experience may be gained through employment in public accounting, private industry, or government. Experience acquired in academia is not qualifying.
(d) In order to be qualifying, experience obtained pursuant to Section 5095 of the Business and Professions Code must be supervised by a person holding a valid active license or comparable authority to provide attest services as specified in subdivision (b) of Business and Professions Code Section 5095. Supervised experience means that the applicant's supervisor shall have reviewed and evaluated the applicant's qualifying work, pursuant to subsection (b) on a routine and recurring basis and shall have authority and oversight over the applicant.
(e) In order to demonstrate the completion of qualifying experience, an applicant for or holder of a California Certified Public Accountant license may be required to appear before the Qualifications Committee to present work papers, or other evidence, substantiating that their experience meets the requirements of Section 5095 of the Business and Professions Code and of subsection (b) of this section.
(f) The applicant who is applying with attest experience obtained outside the United States and its territories must present work papers substantiating that such experience meets the requirements of subsection (b) and generally accepted auditing standards. Alternatively, the applicant may acquire a minimum of 500 hours of United States experience which meets the requirements of Business and Professions Code Section 5095 and subsection (b).
(g) An applicant who is applying with experience obtained five (5) or more years prior to application and who has not passed the Uniform CPA Examination during this five-year period shall be required to complete 80 hours of continuing education, which shall meet the following requirements:
(h) The experience required by Section 5093, or 5095 of the Business and Professions Code may be obtained in full-time or part-time employment provided the total experience completed by the applicant is the equivalent of at least one year of full-time employment for an applicant qualifying under Section 5093. In evaluating an applicant's experience, 170 hours of part-time employment shall be considered equivalent to one month of full-time employment.
1. New section
filed 6-12-2002; operative 6-12-2002 pursuant to Government Code section
11343.4
(Register 2002, No. 24).
2. Redesignation of portion of subsection
(c) as new subsection (c)(1) and new subsection (c)(2) filed 7-19-2004;
operative 8-18-2004 (Register 2004, No. 30).
3. Repealer of
subsection (g), subsection relettering and amendment of NOTE filed 5-1-2006;
operative 5-31-2006 (Register 2006, No. 18).
4. Amendment of
subsections (a)-(a)(1) and (f) filed 9-19-2008; operative 10-19-2008 (Register
2008, No. 38).
5. Amendment filed 1-10-2012; operative 2-9-2012
(Register 2012, No. 2).
6. Amendment of subsections (a), (d) and (g)
and new subsections (g)(1)-(4) filed 9-10-2013; operative 1-1-2014 (Register
2013, No. 37).
7. Amendment of subsections (g)(1)-(3), repealer of
subsection (g)(3)(A), subsection relettering and new subsection (g)(3)(F) filed
8-24-2015; operative 10-1-2015 (Register 2015, No. 35).
8. Change
without regulatory effect amending subsection (d)(3)(A) filed 3-1-2018 pursuant
to section
100, title 1, California Code of
Regulations (Register 2018, No. 9).
9. Amendment of subsections
(b)(5) and (d)(3)(A) filed 10-26-2021; operative 1-1-2022 (Register 2021, No.
44).
10. Amendment of subsections (a)-(a)(2), (d)(1), (d)(3)(A)-(B),
(e) and (h) filed 2-8-2023; operative 4-1-2023 (Register 2023, No.
6).
Note: Authority cited: Sections 5010 and 5095, Business and Professions Code. Reference: Sections 5023, 5092, 5093 and 5095, Business and Professions Code.