(1) The board shall provide licensure examinations as often as necessary to provide candidates a reasonable opportunity to take the examination. Examinations shall adequately test a candidate's knowledge of accounting, auditing, and any other related subject the board deems relevant and necessary. Any additional examination subject shall be designated by the board by rule. The board shall set the passing score for an examination at a level to adequately reflect the minimum level of competency necessary for the practice of accountancy.
The board shall establish by rule the standards for granting conditional examinationcredit for candidates who pass one or more but not all of the sections of the examination.
The board may use the standard examinations and advisory grading service promulgated by the American Institute of Certified Public Accountants, which examination shall be deemed prima facie to meet the requirements of this section.
A candidate for a certificate of certified public accountant who meets the educationalrequirements set by the board by rule is entitled to take an examination.
Any candidate who has passed any or all sections of an examination in another stateshall be credited for passing the sections if the sections passed are determined by the board to be equivalent to sections of the examination offered in this state and if the testing requirements in the other state are substantially the same as in this state.
If a candidate fails an examination or fails to pass in all subjects as provided insubsection (5) of this section, the board may require the candidate to take additional study before taking another examination.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 798, § 1, effective October 1.
Editor's note: This section is similar to former § 12-2-111 as it existed prior to 2019. 12-100-110. Approval of schools. (1) The board shall approve the accounting program of the schools that meet the following requirements:
The school has a curriculum designed to give the candidate proficiency in those subjects in which the candidate must pass an examination to be licensed.
The school shall have adequate equipment and resources, including suitable facilitiesfor practical instruction and shall maintain an adequate professional library. It shall provide a sufficient number of full-time salaried instructors with satisfactory professional training. It shall provide a satisfactory major in accountancy and allied subjects. It shall require for admission the satisfactory completion of an approved four-year secondary school course of study or the equivalent.
If any applicant is a graduate from a school that has not at the time of the filing of theapplication been approved by the board, the board may make an investigation to determine whether or not the school did, at the time of the applicant's attendance, meet the requirements set forth in subsection (1) of this section. If the board finds that the school did, at that time, meet the requirements set forth in that subsection, the board may approve the school as of the time of the applicant's graduation from the school.
The board may, after a hearing, withdraw its approval of any school that fails to meetthe requirements of the law and the standards of the board. The board shall give notice to the school complained against and shall hold a hearing on the complaint within a reasonable time after notice is given.
Before disapproving any school for which approval is sought, the board shall givenotice to the school of its contemplated action and shall hold a hearing within a reasonable time after notice is given, affording the school an opportunity to be heard.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 799, § 1, effective October 1.
Editor's note: This section is similar to former § 12-2-112 as it existed prior to 2019.