Current through Register Vol. 46, No. 12, March 20, 2024
(a)
Pursuant to the provisions of Education Law section 7406(1) and upon the
recommendation of the State Board, the department will consider applications
for limited permits, following receipt from the appropriate authority in the
foreign country, of documentation which establishes or sets forth:
(1) the licensing standards and processes
applied by the licensing authority of that country;
(2) the certificate, license, or degree which
is recognized in the foreign country as qualification to perform the acts
specified in Education Law section 7401; and
(3) that the foreign country grants equal
authority to certified public accountants or public accountants licensed in the
United States.
(b) Upon
receipt of an application and supporting evidence, and upon recommendation of
the State Board, the department will issue a limited permit to an applicant who
holds a degree, certificate or license specified in subdivision (a) of this
section from a foreign country which has complied with said subdivision, if the
applicant:
(1) demonstrates that he or she
has professional qualifications which are determined by the State Board to be
significantly comparable of those required for New York licensure;
(2) evidences proficiency in the use of
generally accepted accounting principles and auditing standards as practiced in
New York;
(3) demonstrates that the
applicant resides or has a place for the regular transaction of business within
New York State;
(4) is of good
moral character; and
(5) has paid
an application fee of $250 for issuance of a limited permit.
(c) A limited permit issued
pursuant to these provisions:
(1) shall be
valid for a period of two years;
(2) may be renewed on recommendation of the
State Board upon reapplication, payment of a renewal fee of $250 and a
demonstration that the purposes intended to be served by the original permit
have not been accomplished;
(3)
shall authorize the holder to use only the titles or designations used in the
foreign country, followed by the name of the country from which he or she
received his or her certificate, license or degree; and
(4) shall subject the holder to the
jurisdiction of the department and the Board of Regents in matters relating to
the regulation of professional misconduct under the provisions of article 130
of the Education Law and regulations promulgated under authority of such
law.
