Wisconsin Administrative Code
Accounting Examining Board
Chapter Accy 2 - Individual Certification And Licensure
Subchapter III - Education
Section Accy 2.202 - Education required for certification
Current through August 26, 2024
A candidate applying for a certificate to practice as a certified public accountant must have earned a bachelor's or higher degree from an accredited educational institution and have satisfied one of the following for purposes of meeting the 150-hour coursework requirement under s. 442.04(5) (b) 3, Stats.:
(1) Earned a master's degree in accounting from an institution, as defined in s. 442.04(5) (a), Stats., with an accounting program or department accredited by the Association to Advance Collegiate Schools of Business.
(2) Earned a bachelor's or higher degree from a business program or college of business accredited by the Association to Advance Collegiate Schools of Business, the International Assembly for Collegiate Business Education, or the Accreditation Council for Business Schools and Programs, and completed at least 24 semester hours in accounting from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:
(3) Earned a bachelor's or higher degree from an accredited educational institution and completed all of the following:
Note: The courses covering the subjects of financial accounting, cost or managerial accounting, taxation, and auditing under s. Accy 2.202(2) or (3), would generally be courses taken beyond the introduction accounting course required of every business major.
(4) Completed coursework that the board determines is reasonably equivalent to the course content and semester hours requirements specified in sub. (3) (a) and (b).
The courses covering the subjects of advanced financial accounting, cost or managerial accounting, taxation, and auditing under s. Accy 2.202(1), would generally be courses taken beyond the introduction level. A course would generally be considered advanced financial accounting if it covers one or more of the following topics: foreign currency transactions, partnerships, state and local governments, not-for-profit entities, consolidations, mergers and acquisitions, intercompany transactions, fraud investigations, accounting theory, and accounting research.
