Current through Register Vol. 46, No. 39, September 25, 2024
(a) For purposes of this section, acceptable
accrediting agency shall mean an organization accepted by the department as a
reliable authority for the purpose of accreditation of accountancy programs,
having accreditation standards that are substantially equivalent to the
requirements for programs registered pursuant to section
52.13 of this Title, and applying
its criteria for granting accreditation in a fair, consistent, and
nondiscriminatory manner.
(b)
(1) To meet the professional educational
requirements for licensure, the applicant shall present satisfactory evidence
of completion of a baccalaureate or higher degree program in accountancy that
is registered by the department pursuant to section
52.13 of this Title, or a
baccalaureate or higher degree program in accountancy that is accredited by an
acceptable accrediting agency, or a baccalaureate or higher degree program, or
its foreign equivalent, that is deemed to be the substantial equivalent of a
registered or accredited program, as determined by the department.
(2) An applicant who applies to the
Department for licensure on or after August 1, 2009 shall be required to have
satisfactorily completed a curriculum of at least 150 semester hours in a
program described in paragraph (1) of this subdivision, except that an
applicant who applies for licensure on or after August 1, 2009, but prior to
August 1, 2027, and was licensed in another state prior to August 1, 2009 may
meet the education requirements by having satisfactorily completed a curriculum
of at least 120 semester hours in a program described in paragraph (1) of this
subdivision, provided, however, that such applicant shall meet all requirements
for licensure, prior to August 1, 2027.
(3) An applicant who applies to the
Department for licensure prior to August 1, 2009 shall be required to have
satisfactorily completed a curriculum of at least 120 semester hours in a
program prescribed in paragraph (1) of this subdivision prior to August 1, 2009
and have submitted the required application forms for licensure to the
Department prior to August 1, 2009, provided, however, that such applicant
shall meet all requirements for licensure prior to August 1,
2027.
(c) In lieu of
meeting the education requirements prescribed in subdivision (b) of this
section and the experience requirements prescribed in section
70.3 of this Part, the applicant
may meet the following requirement: at least 15 years of full-time experience
in the practice of public accountancy satisfactory to the State
Board.
