Current through Register Vol. 46, No. 12, March 20, 2024
(a) An
applicant who has satisfied the requirements as to education shall meet the
experience requirement for licensure as a certified public accountant by
submitting documentation, satisfactory to the Board of Regents, of completion
of the following experience requirements
(1)
One year of acceptable full-time experience, or the equivalent thereof, shall
be required for an applicant who has met the professional education
requirements for licensure in section
70.2
of this Part through completion of a curriculum of at least 150 semester hours
in a baccalaureate or higher degree program in accountancy, or its foreign
equivalent, in accountancy that is registered by the Department pursuant to
section
52.13 of this Title,
accredited by an acceptable accrediting agency, or determined by the Department
to be the substantial equivalent of a registered or accredited
program.
(2) Two years of
acceptable experience, or the equivalent thereof, shall be required for an
applicant who has met the professional education requirements for licensure in
section
70.2
of this Part through completion of a curriculum of at 120 semester hours in a
baccalaureate or higher degree program in accountancy, or its foreign
equivalent, that is registered by the Department pursuant to section
52.13 of this Title,
accredited an acceptable accrediting agency, or determined by the Department to
be the substantial equivalent of a registered or accredited program.
(3) For purposes of this subdivision, one
year of full-time experience shall mean an aggregate total of 12 calendar
months of full-time employment. Full-time shall be defined as a five-day work
week, with at least 35 hours of experience per week, excluding overtime. The
State Board for Public Accountancy may also credit an applicant for part-time
experience in the amount of one week of experience for every two weeks of
acceptable part-time experience earned. Part-time shall be defined as at least
20 hours of experience per week.
(4) Such experience shall be attested to by a
certified public accountant licensed in New York or in another political
subdivision of the United States, provided that such certified public
accountant acted in a supervisory capacity to the applicant in the employing
organization.
(b)
Acceptable experience in the practice of public accountancy shall be limited to
experience in providing accounting services or advice involving the use of
accounting, attest, compilation, management advisory, financial advisory, tax
or consulting skills under the supervision of a certified public accountant
licensed in the United States or a public accountant licensed in New
York.
(c) Acceptable experience in
the practice of public accountancy shall be earned through employment as an
employee in public practice in a public accounting firm, government, private
industry or an educational institution.
