Section 225 ILCS 450/5.1 - [Section Scheduled to be Repealed 1/1/2029] Foreign accountantsThe Board shall certify a holder of a foreign designation, granted in a foreign country entitling the holder thereof to engage in the practice of public accounting, provided:
(a) The foreign authority that granted the designation makes similar provision to allow a person who holds a valid certification issued by this State to obtain the foreign authority's comparable designation; and(b) The foreign designation (i) was duly issued by a foreign authority that regulates the practice of public accounting and the foreign designation has not expired or been revoked or suspended; and (ii) was issued upon the basis of educational and examination requirements established by the foreign authority or by law; and(c) The applicant (i) received the designation based on educational and examination standards substantially equivalent to those in effect in this State at the time the foreign designation was granted; and (ii) passed a uniform qualifying examination in national standards and an examination on the laws, regulations, and code of ethical conduct in effect in this State acceptable to the Board.Amended by P.A. 102-0222,§ 5, eff. 1/1/2022.Amended by P.A. 093-0683, § 5, eff. 7/2/2004.