005.01 The
examination shall test the knowledge and skills required for performance as an
entry-level certified public accountant. The examination shall include the
subject areas of accounting and auditing and related knowledge and skills as
the Board may require.
005.02 A
Candidate shall be required to pass all Test Sections of the examination in
order to qualify for certification. Upon receipt of advisory grades from the
examination provider, the Board will review and may adopt the examination
grades and will report the official results to the Candidate. The Candidate
must, on each test section, attain the uniform passing grade established
through a psychometricalfy acceptable standard-setting procedure.
005.03 A Candidate shall be required to pass
all sections of the examination in order to qualify for certification.
005.03A A Candidate may take the required
Test Sections individually and in any order. Credit for any Test Section(s)
passed shall be valid for eighteen months from the actual date the Candidate
took that Test Section (regardless of the date on which the testing candidate
receives actual notice of the passing grade), without having to attain a
minimum score on any failed Test Section(s) and without regard to whether the
Candidate has taken other Test Sections.
1)
Candidates must pass all four Test Sections of the Uniform CPA Examination
within a rolling eighteen-month period, which begins on the date the first Test
Section(s) passed is taken.
2)
(a) Subject to subsection 2(b), Candidates
cannot retake a failed Test Section(s) in the same examination window. An
examination window refers to a three-month period in which Candidates have an
opportunity to take the CPA examination (comprised of two months and 10
additional days as approved by the Board in which the examination is available
to be taken and 21 days of less in which the examination will not be offered
while routine maintenance is performed and the item bank is refreshed). Thus,
Candidates will be able to test no less than two out of three months within an
examination window.
(b) If the
Board determines that the examination system changes necessary to eliminate the
test window limitations have been implemented, subsection (a) will no longer be
effective, and a Candidate can retake a Test Section once their grade for the
previous attempt of the same Test Section has been released.
3) In the event all four Test
Sections of the Uniform CPA Examination are not passed within the rolling
eighteen-month period, credit for any Test Section(s) passed outside the
eighteen-month period will expire and that Test Section(s) must be retaken.
005.03B A Candidate
shall retain credit for any and all Test Sections of an examination passed in
another state provided the Candidate meets the requirements of Nebraska for
granting credit.
005.03C
Notwithstanding the requirements of subsections 005.03 A,
005.03B, upon
showing that the credit was lost by reason of circumstances beyond the
Candidate's control, the Board may, on a case-by-case basis, extend the
transition period.
005.03D A
Candidate shall be deemed to have passed the Uniform CPA Examination once the
Candidate holds at the same time valid credit for passing each of the four Test
Sections of the examination. For purposes of this section, credit for passing a
Test Section of the examination is valid from the actual date of the Testing
Event for that Test Section, regardless of the date the Candidate actually
receives notice of the passing grade.
