Section 37-50-305 - Education requirements - definition(1) An applicant for initial licensure as a certified public accountant must have: (a) graduated from an accredited college or university with a baccalaureate degree and at least 150 semester hours of credit; and(b) met the requirements for accounting and business course credit hours specified by board rule.(2)(a) A licensee shall obtain continuing education credits as provided by board and department rule.(b) If an audit conducted under 37-1-306 results in more than 15% of the audited licensees being noncompliant before the department administers the provisions of 37-1-321, in the subsequent audit year the board may audit up to 100% of the licensees.(3) For the purposes of this section, "initial licensure" means that the applicant has never been licensed as a certified public accountant by any jurisdiction.Amended by Laws 2019, Ch. 50,Sec. 3, eff. 7/1/2019.Amended by Laws 2015, Ch. 169, Sec. 10, eff. 10/1/2015.En. Sec. 12, Ch. 118, L. 1969; R.C.M. 1947, 66-1824; amd. Sec. 10, Ch. 684, L. 1979; amd. Sec. 7, Ch. 335, L. 1983; amd. Sec. 3, Ch. 382, L. 1989; amd. Sec. 4, Ch. 196, L. 2003.