Current through Reg. 49, No. 38; September 20, 2024
(a) The certificate
of a "certified public accountant" shall be granted by reciprocity to an
applicant who is qualified under §901.259 of the Act (relating to
Certification Based on Reciprocity) or §901.260 of the Act (relating to
Certificate Based on Foreign Credentials) and lacks a history of dishonest or
felonious acts and any criminal activity that might be relevant to the
applicant's qualifications as provided for in §901.253 of the Act
(relating to Background Investigation). The applicant must provide in the
application for reciprocity the names of all the jurisdictions in which the
applicant is or has been certified and/or licensed and all disciplinary actions
taken or pending in those jurisdictions.
(b) Each applicant shall submit to the
Department of Public Safety a complete and legible set of fingerprints from a
vendor approved by the Department of Public Safety in conjunction with the
application for the purpose of obtaining criminal history record
information.
(c) An applicant from
a domestic jurisdiction demonstrates that he meets the requirements for
certification by reciprocity by:
(1)
satisfying one of the following conditions:
(A) the applicant holds a certificate or
license to practice public accountancy from a domestic jurisdiction that has
been determined by the board pursuant to §
512.2
of this chapter (relating to NASBA Verified Substantially Equivalent
Jurisdictions) as having substantially equivalent requirements for
certification; or
(B) the applicant
holds a certificate or license to practice public accountancy from a domestic
jurisdiction that has not been determined by NASBA and the board to have
substantially equivalent certification requirements but has had his education,
examination and experience verified as substantially equivalent to those
required by the UAA by NASBA; or
(C) the applicant meets all requirements for
issuance of a certificate set forth in the Act; or
(D) the applicant met the requirements in
effect for issuance of a certificate in this state on the date the applicant
was issued a certificate or license by another domestic jurisdiction;
or
(E) after passing the UCPAE, the
applicant has completed at least four years of experience practicing public
accountancy within the ten year period immediately preceding the date of
application in this state; and
(2) meeting CPE requirements applicable to
certificate holders contained in Chapter 523 of this title (relating to
Continuing Professional Education).
(d) An applicant from a foreign jurisdiction
demonstrates that he meets the requirements for certification by reciprocity
by:
(1) holding a credential that has not
expired or been revoked, suspended, limited or probated, and that entitles the
holder to issue reports on financial statements issued by a licensing authority
or professional accountancy body of another country that:
(A) regulates the practice of public
accountancy and whose requirements to obtain the credential have been
determined by the board to be substantially equivalent to the requirements of
education, examination and experience contained in the Act; and
(B) grants credentials by reciprocity to
applicants certified to practice public accountancy by this state;
(2) receiving that credential
based on education and examination requirements that were comparable to or
exceeded those required by the Act at the time the credential was
granted;
(3) completing an
experience requirement in the foreign jurisdiction that issued the credential
that is comparable to or exceeds the experience requirement of the Act or has
at least four years of professional accounting experience in this
state;
(4) passing an international
qualifying examination (IQEX) covering national standards that has been
approved by the board; and
(5)
passing an examination that has been approved by the board covering the rules
of professional conduct in effect in this state.
