R156-26a-302c. Qualifications for Licensure - Examinations

This section describes the qualifications required by an applicant before taking the qualifying examination under Subsection 58-26-302(1)(e). (1) Under Subsection 58-26a-306(1)(a), the form of application approved by the Division is the application that CPAES requires to sit for the AICPA Uniform CPA Examination. (2) Under Subsection 58-26a-306(1)(b), the fee is the fee charged by CPAES. No additional fee is due to the Division. (3) Under 306(1)(c), an applicant shall submit a certified transcript showing: (a) completion of a bachelors, masters, or higher degree with a major in accounting or taxation; or (b) completion of: (i) the Accounting Coursework Requirements described in Subsection R156-26a-102(2); and (ii) the Business Coursework Requirements described in Subsection R156-26a-102(4). (c) an applicant may fulfill any Accounting Coursework Requirements or Business Coursework Requirements as: (i) part of a degree program; (ii) separate from a degree program through a nationally accredited or regionally accredited institution; or (iii) through an institution deemed equivalent to a nationally or regionally accredited institution under Subsection R156-26a-302a(2). (4) Under Subsections 58-26a-306(1)(c) and (d), the Board designates CPAES as the organization that shall determine if an applicant has met the education requirements and is approved to sit for the AICPA Uniform CPA Examination. If an applicant disputes CPAES's determination, the Board shall make the final determination. (5) An applicant for licensure as a certified public accountant shall also pass: (a) the AICPA Examination of Professional Ethics for CPAs with a score of at least 90%; and (b) the Utah (CPA) Laws and Rules Examination with a score of at least 75%. (6) The Division in collaboration with the Board may accept testing of a person who holds a license as a certified public accountant or equivalent designation in a foreign country, if the applicant has obtained from NASBA verification of compliance with the terms of a current Mutual Recognition Agreement between the foreign country and the International Qualifications Appraisal Board of NASBA.