Administrative Rules of Montana
Department 24 - LABOR AND INDUSTRY
Chapter 24.201 - BOARD OF PUBLIC ACCOUNTANTS
Subchapter 24.201.5 - Licensing And Examinations
Rule 24.201.503 - APPLICANT FOR LICENSE
Universal Citation: MT Admin Rules 24.201.503
Current through Register Vol. 18, September 20, 2024
(1) All applicants for a license must:
(a) meet the requirements
of
37-50-302,
MCA;
(b) submit a complete
application and pay all fees;
(c)
meet the education requirements of
37-50-305,
MCA, and:
(i) meet the education requirements
of ARM 24.201.501;
(ii) meet the education waiver requirements
of ARM 24.201.528; or
(iii) for applicants with exam dates prior to
November 1997, meet the following education requirements:
(A) An applicant who has examination scores
for an examination administered prior to or in May 1996 must have graduated
from a college or university accredited at the time of the applicant's
graduation with:
(I) a baccalaureate degree,
with a concentration in accounting, including 24 semester hours (36 quarter
hours) of accounting, auditing, and tax courses, and 18 semester hours (27
quarter hours) in other areas of business such as business law, management,
marketing, economics, and finance. The other areas of business shall include no
more than six semester hours (nine quarter hours) in one area; or
(II) a baccalaureate degree, with a
concentration other than accounting and five years of employment experience at
a public accounting firm, or in industry or government in a responsible
financial position; or
(III) a
baccalaureate degree, with a concentration other than accounting and related
courses in other areas of business administration which the board considers to
be an equivalent education, including 12 semester hours (18 quarter hours) of
accounting, auditing, and tax courses, and nine semester hours (14 quarter
hours) in other areas of business such as business law, management, marketing,
economics, and finance. The nine semester hours (14 quarter hours) shall
include no more than three semester hours (five quarter hours) in one area.
(B) An applicant who
has examination scores for an examination administered in November 1996 or May
1997 must have graduated from a college or university then accredited to offer
a baccalaureate degree subsequent to passing the exam, and completed 24
semester hours (36 quarter hours) of accounting, auditing, and tax courses, and
18 semester hours (27 quarter hours) in other areas of business such as
business law, management, marketing, economics, and finance. The 18 semester
hours (27 quarter hours) shall include no more than six semester hours (nine
quarter hours) in one area.
(d) pass the Uniform Certified Public
Accountant exam in accordance with ARM
24.201.516 or
24.201.517;
(e) pass the comprehensive professional
ethics for CPAs course developed by the AICPA;
(f) meet the experience requirement of ARM
24.201.502; and
(g) provide a license verification if
currently holding or have ever held a professional license in another
state.
(2) Applicants for initial license who did not sit for the exam as a Montana candidate must submit official transcripts for all domestic education to CPAES for evaluation in reference to Montana education requirements.
(3) Incomplete applications for licensure that are older than 12 months will be considered invalid and void. The applicant will be required to reapply and pay another fee.
AUTH: 37-1-131, 37-50-201, 37-50-203, MCA; IMP: 37-1-131, 37-50-203, 37-50-302, 37-50-305, MCA
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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