Experience obtained by an applicant outside the United States
that is claimed to be equivalent to public accountancy experience obtained in
the United States may be acceptable under ORS
673.040 provided that the
experience meets all of the requirements of OAR
801-010-0065. The applicant's
experience must be directly supervised by:
(1) A licensed public accountant or a
certified public accountant whose license is valid, and who held an active
license during the period of supervision and for at least five of the past
seven years immediately prior to such supervision and meets the provisions set
forth in
801-010-0065(2)(b)(A),
or
(2) A chartered accountant
licensed by a jurisdiction that is eligible for reciprocal licensing under
agreement with the International Qualifications Appraisal Board (IQAB) as
described in OAR
801-010-0085, who also meets the
following requirements:
(a) The chartered
accountant holds a valid license in good standing;
(b) The chartered accountant held an active
chartered accountant license during the period of supervision and for at least
five of the past seven years immediately prior to such supervision;
and
(3) The person who
directly supervises the applicant's experience must certify to the Board that
the applicant's experience is obtained under professional standards approved by
the Board of Accountancy, including but not limited to the Statements on
Auditing Standards (SAS) for audits or other engagements, Statements on
Standards for Tax Services (SSTSs) for tax engagements, or standards of the
Financial Accounting Standards Board (FASB) or the Governmental Accounting
Standards Board (GASB) or other applicable financial reporting framework for
those with experience in Industry, Government, or Not-For-Profit organizations,
or similarly recognized International Standards.
(4) That the applicant's experience is
obtained under professional standards deemed by the Board of Accountancy to be
equivalent to experience obtained in the practice of public accountancy in this
state.
(5) Applicants for the CPA
license must obtain the experience competencies as described in OAR
801-010-0065(3).
Notes
Or. Admin. Code §
801-010-0079
1AB 14, f. 8-15-68; 1AB 22,
f. 3-2-72, ef. 3-15-72; 1AB 34, f. 1-29-74, ef. 2-25-74; 1AB 3-1982, f. &
ef. 4-20-82; 1AB 1-1986, f. & ef. 10-1-86; AB 5-1990, f. & cert. ef.
8-16-90; AB 5-1993, f. & cert. ef. 8-16-93; AB 1-1994, f. & cert. ef.
1-21-94; AB 4-1994, f. & cert. ef. 9-27-94; AB 1-1997, f. & cert. ef.
1-28-97; AB 4-1997, f. & cert. ef. 7-25-97; BOA 5-1998, f. & cert. ef.
7-9-98; BOA 9-1998, f. & cert. ef. 11-10-98; BOA 6-1999, f. 12-21-99, cert.
ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f.
12-28-11, cert. ef. 1-1-12;
BOA
2-2014 f. 12-15-14, cert. ef.
1/8/2015;
BOA
1-2019, amend filed 12/19/2019, effective
1/1/2020;
BOA
3-2023, amend filed 09/29/2023, effective
10/1/2023
Statutory/Other Authority: ORS
670.310 &
673.410
Statutes/Other Implemented: ORS
673.040
