58-26a-302.  Qualifications for licensure and registration — Licensure by endorsement.

(1)  Each applicant for licensure under this chapter as a certified public accountant shall:

Terms Used In Utah Code 58-26a-302

  • Accounting experience: means applying accounting and auditing skills and principles that are taught as a part of the professional education qualifying a person for licensure under this chapter and generally accepted by the profession, under the supervision of a licensed certified public accountant. See Utah Code 58-26a-102
  • AICPA: means the American Institute of Certified Public Accountants. See Utah Code 58-26a-102
  • Board: means the Utah Board of Accountancy created in Section 58-26a-201. See Utah Code 58-26a-102
  • CPA: means an individual currently licensed by this state or any other state, district, or territory of the United States of America to practice public accountancy or who has been granted a license as a certified public accountant under prior law or this chapter. See Utah Code 58-26a-102
  • CPA firm: means a qualified business entity holding a valid registration as a Certified Public Accountant firm under this chapter. See Utah Code 58-26a-102
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Experience: means :
(a) accounting experience; or
(b) professional experience. See Utah Code 58-26a-102
  • Licensee: means the holder of a current valid license issued under this chapter. See Utah Code 58-26a-102
  • Person: means :Utah Code 68-3-12.5
  • Principal place of business: means the office location designated by the licensee for purposes of substantial equivalency and licensure by endorsement. See Utah Code 58-26a-102
  • Qualified business entity: means a sole proprietorship, corporation, limited liability company, or partnership engaged in the practice of public accountancy. See Utah Code 58-26a-102
  • Qualifying examinations: means :
    (a) the AICPA Uniform CPA Examination;
    (b) the AICPA Examination of Professional Ethics for CPAs;
    (c) the Utah Laws and Rules Examination; and
    (d) any other examination approved by the board and adopted by the division by rule in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act. See Utah Code 58-26a-102
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
    • (a)  submit an application in a form prescribed by the division;

    (b)  pay a fee determined by the department under Section 63J-1-504;

    (c)  submit a certified transcript of credits from an accredited institution acceptable to the board showing:

    (i)  successful completion of a total of 150 semester hours or 225 quarter hours of collegiate level education with a concentration in accounting, auditing, and business;

    (ii)  a baccalaureate degree or its equivalent at a college or university approved by the board; and

    (iii)  compliance with any other education requirements established by rule by the division in collaboration with the board in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act;

    (d)  submit evidence of one year of accounting experience in a form prescribed by the division;

    (e)  submit evidence of having successfully completed the qualifying examinations in accordance with Section 58-26a-306; and

    (f)  submit to an interview by the board, if requested, for the purpose of examining the applicant’s competence and qualifications for licensure.

    • (2) 

    (a)  The division may issue a license under this chapter to a person who holds a license as a certified public accountant issued by any other state of the United States of America if the applicant for licensure by endorsement:

    (i)  submits an application in a form prescribed by the division;

    (ii)  pays a fee determined by the department under Section 63J-1-504;

    (iii)  submits to an interview by the board, if requested, for the purpose of examining the applicant’s competence and qualifications for licensure; and

    (iv) 

    (A) 

    (I)  shows evidence of having passed the qualifying examinations; and

    (II) 

    (Aa)  meets the requirements for licensure which were applicable in this state at the time of the issuance of the applicant’s license by the state from which the original licensure by satisfactorily passing the AICPA Uniform CPA Examination was issued; or

    (Bb)  had four years of professional experience after passing the AICPA Uniform CPA Examination upon which the original license was based, within the 10 years immediately preceding the application for licensure by endorsement; or

    (B)  shows evidence that the applicant’s education, examination record, and experience are substantially equivalent to the requirements of Subsection (1), as provided by rule.

    (b)  This Subsection (2) applies only to a person seeking to obtain a license issued by this state and does not apply to a person practicing as a certified public accountant in the state under Subsection 58-26a-305(1).

    (3) 

    (a)  Each applicant for registration as a Certified Public Accountant firm shall:

    (i)  submit an application in a form prescribed by the division;

    (ii)  pay a fee determined by the department under Section 63J-1-504;

    (iii)  have, notwithstanding any other provision of law, a simple majority of the ownership of the Certified Public Accountant firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members, or managers, held by individuals who are certified public accountants, licensed under this chapter or another state of the United States of America, and the partners, officers, shareholders, members, or managers, whose principal place of business is in this state, and who perform professional services in this state hold a valid license issued under Subsection 58-26a-301(2) or the corresponding provisions of prior law; and

    (iv)  meet any other requirements established by rule by the division in collaboration with the board in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

    (b)  Each separate location of a qualified business entity within the state seeking registration as a Certified Public Accountant firm shall register separately.

    (c)  A Certified Public Accountant firm may include owners who are not licensed under this chapter as outlined in Subsection (3)(a)(iii), provided that:

    (i)  the firm designates a licensee of this state who is responsible for the proper registration of the Certified Public Accountant firm and identifies that individual to the division; and

    (ii)  all nonlicensed owners are active individual participants in the CPA firm.

    Amended by Chapter 339, 2020 General Session

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