Section 12 AAC 04.200 - Examination(a) The examination for certified public accountant consists of (1) the computer-based Uniform Certified Public Accountant Examination; and(2) an ethics course and open book ethics examination.(b) A score of at least 75 in each section of the Uniform Certified Public Accountant Examination is considered passing.(c) The ethics course and examination described in (a)(2) of this section is the self-study course, including its lesson reviews and examinations, titled Professional Ethics: The AICPA's Comprehensive Course For Licensure, published by the American Institute of Certified Public Accountants (AICPA), and is graded on a pass or fail basis. The board will waive passage of this course and examination if the applicant documents passage of an ethics examination of another licensing jurisdiction that, in the determination of the board, is equivalent to the course and examination described in this subsection.(d) In the absence o exceptional circumstances, grades are those reported by the Advisory Grading Service of the American Institute of Certified Public Accountants.(e) An applicant may retake an examination in accordance with 12 AAC 04.235.(g) An applicant (1) may take each of the required examination sections individually, in any order;(2) may earn credit for each examination section that is passed during a period of 30 months, beginning on the date the applicant's first passing score is released by NASBA and concluding on the date the applicant takes the final section of the examination for which a passing score is achieved; and(3) must pass all sections of the Uniform Certified Public Accountant Examination within a 30-month period.(h) An applicant who fails to complete each examination section within a 30-month period will forfeit credit earned for sections passed outside of the 30-month period. Each forfeited section must be retaken in accordance with 12 AAC 04.235.(i) The board will consider a request for an extension of the period of credit for examinations once an applicant has passed all four sections of the CPA examination. The applicant must submit evidence satisfactory to the board that the credit was lost due to circumstances beyond the applicant's control.Eff. 9/9/72, Register 43; am 2/10/78, Register 64; am 1/27/81, Register 76; am 5/28/81, Register 78; am 3/30/84, Register 89; am 2/2/94, Register 129; am 7/27/97, Register 143; am 3/24/2004, Register 169; am 1/1/2008, Register 184; am 12/25/2015, Register 216, January 2016; am 4/19/2019, Register 230, April 2019; am 2/24/2022, Register 241, April 2022; am 4/12/2024, Register 250, July 2024Authority:AS 08.04.070
AS 08.04.130