| (a) The certificate of a "certified public accountant"
shall be granted by reciprocity to an applicant who is qualified under §901.259
of the Act (relating to Certification Based on Reciprocity) or §901.260
of the Act (relating to Certificate Based on Foreign Credentials)
and lacks a history of dishonest or felonious acts and any criminal
activity that might be relevant to the applicant's qualifications
as provided for in §901.253 of the Act (relating to Background
Investigation). The applicant must provide in the application for
reciprocity the names of all the jurisdictions in which the applicant
is or has been certified and/or licensed and all disciplinary actions
taken or pending in those jurisdictions.
(b) Each applicant shall submit to the Department of
Public Safety a complete and legible set of fingerprints from a vendor
approved by the Department of Public Safety in conjunction with the
application for the purpose of obtaining criminal history record information.
(c) An applicant from a domestic jurisdiction demonstrates
that he meets the requirements for certification by reciprocity by:
(1) satisfying one of the following conditions:
(A) the applicant holds a certificate or license to
practice public accountancy from a domestic jurisdiction that has
been determined by the board pursuant to §512.2 of this chapter
(relating to NASBA Verified Substantially Equivalent Jurisdictions)
as having substantially equivalent requirements for certification;
or
(B) the applicant holds a certificate or license to
practice public accountancy from a domestic jurisdiction that has
not been determined by NASBA and the board to have substantially equivalent
certification requirements but has had his education, examination
and experience verified as substantially equivalent to those required
by the UAA by NASBA; or
(C) the applicant meets all requirements for issuance
of a certificate set forth in the Act; or
(D) the applicant met the requirements in effect for
issuance of a certificate in this state on the date the applicant
was issued a certificate or license by another domestic jurisdiction;
or
(E) after passing the UCPAE, the applicant has completed
at least four years of experience practicing public accountancy within
the ten year period immediately preceding the date of application
in this state; and
(2) meeting CPE requirements applicable to certificate
holders contained in Chapter 523 of this title (relating to Continuing
Professional Education).
(d) An applicant from a foreign jurisdiction demonstrates
that he meets the requirements for certification by reciprocity by:
(1) holding a credential that has not expired or been
revoked, suspended, limited or probated, and that entitles the holder
to issue reports on financial statements issued by a licensing authority
or professional accountancy body of another country that:
(A) regulates the practice of public accountancy and
whose requirements to obtain the credential have been determined by
the board to be substantially equivalent to the requirements of education,
examination and experience contained in the Act; and
(B) grants credentials by reciprocity to applicants
certified to practice public accountancy by this state;
(2) receiving that credential based on education and
examination requirements that were comparable to or exceeded those
required by the Act at the time the credential was granted;
(3) completing an experience requirement in the foreign
jurisdiction that issued the credential that is comparable to or exceeds
the experience requirement of the Act or has at least four years of
professional accounting experience in this state;
(4) passing an international qualifying examination
(IQEX) covering national standards that has been approved by the board;
and
(5) passing an examination that has been approved by
the board covering the rules of professional conduct in effect in
this state.
|
| Source Note: The provisions of this §512.1 adopted to be effective August 4, 2004, 29 TexReg 7305; amended to be effective August 17, 2008, 33 TexReg 6374; amended to be effective June 17, 2009, 34 TexReg 3948; amended to be effective August 8, 2012, 37 TexReg 5777; amended to be effective June 7, 2017, 42 TexReg 2933; amended to be effective October 10, 2019, 44 TexReg 5781; amended to be effective February 5, 2020, 45 TexReg 760 |
