N.Y. Comp. Codes R. & Regs. Tit. 5 § 70.4 - Feasibility studies
(a) Content.
The licensing examination shall consist of an examination designed to test the
knowledge and skills required for licensure as a certified public accountant as
determined by the Department. The Department may accept an examination to
become a licensed certified public accountant as recommended by the State Board
for Public Accountancy.
(b)
Passing score. The Department shall determine a passing score, in consultation
with the State Board for Public Accountancy, on an examination accepted
pursuant to subdivision (a) of this section.
(c) Retention of credit. The retention period
on an examination approved pursuant to subdivision (a) of this section shall be
for a period of 18-months. Such 18-month period shall be computed in a manner
determined by the Department.
(1) Extension
requests. The Department may in its discretion provide an applicant with an
extension to the retention period prescribed in paragraph (c) of this
subdivision. An extension may be granted upon a finding by the Department of
extenuating circumstances outside the applicant's control. The length of an
extension shall be determined by the Department as it relates to the length of
the extenuating circumstances experienced by the applicant. The Department may
consult with the State Board for Public Accountancy on the appropriateness of
granting extension requests. The department may accept passing examination
scores that are outside the 18-month requirement where such examinations cannot
be completed in the 18-month due to the State of emergency declared by the
Governor pursuant to an Executive Order for the COVID-19 crisis.
(d) Admission to the examination.
For admission to the licensing examination as a New York State candidate, the
candidate shall meet all education requirements including, but not limited to,
completion of a minimum of 120 semester hours of study in an acceptable
accredited college or university which shall include at least one course in
each of the mandatory professional accounting content areas defined in
subparagraph (i) of paragraph (1) of subdivision (b) of section 52.13 of the
Regulations of the Commissioner of Education, or its equivalent as determined
by the Department.
(e) Transfer of
examination credit. Candidates who have passed, in another state, the licensing
examination used by New York State may have their grades transferred upon
application, if the requirements of this Part concerning education, and
retention of credit have been met.
(f) Competency. If it has been more than ten
years since the applicant passed the certified public accountant licensing
examination, a license shall not be issued until the applicant completes a
satisfactory amount of continuing professional education, acceptable to the
Department. The State Board for Public Accountancy shall recommend to the
Department the appropriateness of the continuing professional education that is
to be completed to satisfy this requirement.
Notes
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