Tenn. Comp. R. & Regs. 0020-02-.03 - EXPERIENCE

(1) The experience required to be demonstrated for issuance of an initial certificate pursuant to Tenn. Code Ann. § 62-1-106(j) shall meet the requirements of this rule.
(a) Experience may consist of providing any type of services or advice using accounting, attest, management advisory, financial advisory, tax or consulting skills.
(b) The applicant shall have his or her experience verified to the Board by a licensee as defined in the Act or a licensee from another state. Acceptable experience shall include employment in industry, government, academia or public practice. In evaluating experience, the Board shall consider such factors as the complexity and diversity of the work.
(c) One (1) year of experience shall consist of full or part-time employment that extends over a period of no less than one (1) year and no more than three (3) years and includes no fewer than two thousand (2,000) hours of performance of services described in subparagraph (1)(a) above.
(d) In accordance with Tenn. Code Ann. § 62-1-108(c)(2) any individual licensee who is responsible for supervising attest services and signs or authorizes another person to sign the accountant's report on the financial statements on behalf of the firm, shall meet professional competency requirements and shall have no less than two (2) years of experience satisfactory to the Board in the preparation of financial statements or reports on financial statements.
(e) Experience must be earned within the ten (10) year period immediately preceding the latest application for a certificate under the Act.
(2) Evidence of Applicant's Experience.
(a) Any licensee who has been requested by an applicant to submit to the Board evidence of the applicant's experience and has refused to do so shall, upon request by the Board, explain in writing or in person the basis for such refusal.
(b) The Board may require any licensee who has furnished evidence of an applicant's experience to substantiate the information.
(c) Any applicant may be required to appear before the Board or its representative to supplement or verify evidence of experience.
(d) The Board may inspect documentation relating to an applicant's claimed experience.

Notes

Tenn. Comp. R. & Regs. 0020-02-.03
Original rule filed June 10, 1999; effective August 24, 1999. Amendment filed October 15, 2003; effective December 29, 2003. Amendment filed August 15, 2006; effective October 29, 2006.

Authority: T.C.A. §§ 62-1-105, 62-1-106, 62-1-107, and 62-1-108..

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