Section 12 AAC 04.151 - Qualifications for licensure(a) An individual may not practice, attempt to practice, or offer to practice public accountancy in the state without a current license as a certified public accountant (CPA). The board may issue a license to an applicant who has a principal place of business or residence in the state as follows: (1) by examination under 12 AAC 04.175 if it is the applicant's first application for CPA licensure in the state, any other state or territory of the United States, or country or foreign jurisdiction outside of the United States;(2) by reciprocity under 12 AAC 04.165 if the applicant holds a current CPA license in another state or territory of the United States;(3) by temporary military courtesy license under 12 AAC 04.184 if the applicant is an active duty military member or spouse of an active duty military member of the armed forces of the United States, meets the requirements of 12 AAC 04.184, and has submitted an application for a license by reciprocity;(4) by a temporary license granted to an applicant applying for licensure by reciprocity under 12 AAC 04.165(e) pending issuance of a full license.(b) For eligibility to apply for a license in the state, a foreign-educated applicant who received an education outside of the United States must submit verification satisfactory to the board that the applicant (1) graduated with a qualifying degree from a school outside of the United States with an educational program that meets the requirements of 12 AAC 04.185(e)(2);(2) meets all requirements for licensure under AS 08.04 and 12 AAC 04.165; and(3) if the state is (A) not the first jurisdiction for licensure, verification of a current CPA license in good standing from a jurisdiction with licensing requirements equivalent to the requirements of AS 08.04 and this chapter; or(B) the first jurisdiction for licensure, verification that all requirements of 12 AAC 04.175 have been met; the applicant's school transcripts shall be sent to the board directly from the school; if the applicant's transcripts are not written in the English language, transcripts must be translated into English.Eff. 4/12/2024, Register 250, July 2024.Authority:AS 08.04.070
AS 08.04.450