Ala. Admin. Code r. 30-X-3-.08

Current through Register Vol. 43, No. 1, October 31, 2024

Section 30-X-3-.08 - Foreign Reciprocity

(1) The Board shall allow a holder of a foreign license to sit for the uniform CPA Exam upon showing that

(a) The foreign license

1. was duly issued by a foreign agency or institute that regulates the practice of public accountancy, and has not expired or been revoked or suspended;

2. entitled the holder to issue reports upon financial statements;

3. was issued upon the basis of educational, examination, and experience requirements established by the foreign agency or institute or by law and the foreign credential is valid and in good standing at the time of application for a domestic credential; and

(b) The applicant

1. legally resides in the United States;

2. had, within the six years prior to residing in the United States, been continuously employed for no less than three years in the practice of public accountancy or its equivalent, or in an accounting-related job in a firm or audit agency that was itself required to hold a foreign license or was subject to discipline by a professional organization.

(2) The Board shall grant a CPA certificate and permit to practice to a holder of a foreign license if the applicant

(a) has passed the uniform CPA exam;

(b) has obtained one or more years of public accounting experience as defined in Rule 30-X-5-.06.

Ala. Admin. Code r. 30-X-3-.08

Filed November 7, 1985. Amended: Filed May 18, 2004; effective June 22, 2004.

Amended by Alabama Administrative Monthly Volume XXXV, Issue No. 02, November 30, 2016, eff. 1/1/2017.

Author: Alabama Board of Public Accountancy

Statutory Authority:Code of Ala. 1975, §§ 34-1-4, 34-1-5.