New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter II - Regulations of the Commissioner
Subchapter B - Regulation of Professions
Part 70 - Public Accountancy
Section 70.5 - Licensure by endorsement
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 70.5
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Endorsement of licenses of other states. A license to practice certified public accountancy issued by another state of the United States may be endorsed by the department for practice in New York State if the applicant:
(1) is either:
(i) licensed by a state that has
significantly comparable licensure standards to New York. For purposes of this
section, states that have significantly comparable licensure standards shall
mean those states that are recognized by a national professional accounting
organization acceptable to the department as having licensure requirements for
certified public accountants that are significantly comparable to New York
State; or
(ii) licensed by a state
that has not been recognized as having significantly comparable licensure
standards to New York, provided that the department has determined that the
applicant has completed licensure requirements significantly comparable to the
licensure requirements for certified public accountants in New York State;
and
(2) presents
satisfactory evidence to the State Board of at least four years of professional
experience in the practice of public accountancy following initial licensure
and within the 10 years immediately preceding application for licensure by
endorsement;
(3) received
acceptable grades on a professional competency examination acceptable to the
State Board; and
(4) submits a
completed application, on a form prescribed by the department, which shall
include, but need not be limited to, the following information:
(i) certification by the applicant of good
moral character;
(ii) verification
of the applicant's licensure status in his/her initial state of licensure and,
if different, verification of the applicant's licensure status in the state of
the applicant's principal place of business;
(iii) verification by the applicant of the
location of his or her principal place of business;
(iv) certification by the applicant that he
or she has completed the continuing education requirements of the state where
the applicant's principal place of business is located in the year prior to
submission of the application form; and
(v) certification of satisfactory completion
of the required education and professional experience in the practice of public
accountancy, as required in paragraphs (1) and (2) of this
subdivision.
(b) Endorsement of foreign licenses. A certified public accountancy license, or its foreign equivalent, that is issued by a foreign country in which licensure or registration is regulated by an authority responsible for the regulation of the practice of public accountancy in such foreign jurisdiction and acceptable to the Board of Regents, may be accepted by the department for licensure in New York State if the applicant:
(1)
(i)
presents satisfactory evidence of a license in certified public accountancy, or
its foreign equivalent, from a foreign jurisdiction that is recognized by the
department or a national professional accounting organization acceptable to the
department, as having significantly comparable licensure standards to New York;
or
(ii) presents satisfactory
evidence of a license in certified public accountancy, or its foreign
equivalent, from a foreign jurisdiction that has not been recognized as having
significantly comparable licensure standards to New York, provided that the
department has determined that the applicant has completed licensure
requirements significantly comparable to the licensure requirements for
certified public accountants in New York State;
(2) presents satisfactory evidence to the
State Board of at least four years of professional experience in the practice
of public accountancy following initial licensure and within the 10 years
immediately preceding application for licensure by endorsement;
(3) received acceptable grades on a
professional competency examination acceptable to the State Board;
and
(4) submits a completed
application, on a form prescribed by the department, which shall include, but
not be limited to:
(i) certification by the
applicant of good moral character;
(ii) verification of the applicant's
licensure status in his/her initial country of licensure and if different,
verification of the applicant's licensure status in the state of the
applicant's principal place of business;
(iii) verification of acceptable grades on a
professional competency examination acceptable to the State Board;
(iv) certification of completion of the
required education for licensure as a certified public accountant;
and
(v) certification of completion
of four years of satisfactory professional experience in public accountancy, as
required in paragraph (2) of this subdivision.
Disclaimer: These regulations may not be the most recent version. New York 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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