§ 37-50-305

37-50-305. Education requirements -- definition. (1) An applicant for initial licensure as a certified public accountant must have: (a) graduated from an accredited college or university with a baccalaureate degree and at least 150 semester hours of credit; and (b) met the requirements for accounting and business course credit hours specified by board rule. (2) (a) A licensee shall obtain continuing education credits as provided by board and department rule. (b) If an audit conducted under 37-1-306 results in more than 15% of the audited licensees being noncompliant before the department administers the provisions of 37-1-321, in the subsequent audit year the board may audit up to 100% of the licensees. (3) For the purposes of this section, 'initial licensure' means that the applicant has never been licensed as a certified public accountant by any jurisdiction. History: En. Sec. 12, Ch. 118, L. 1969; R.C.M. 1947, 66-1824; amd. Sec. 10, Ch. 684, L. 1979; amd. Sec. 7, Ch. 335, L. 1983; amd. Sec. 3, Ch. 382, L. 1989; amd. Sec. 4, Ch. 196, L. 2003; amd. Sec. 10, Ch. 169, L. 2015; amd. Sec. 3, Ch. 50, L. 2019.