SB 181: "An Act relating to licensing of certified public accountants."
00 SENATE BILL NO. 181 01 "An Act relating to licensing of certified public accountants." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 08.04.130 is amended to read: 04 Sec. 08.04.130. Examination. An applicant shall pass an [A WRITTEN] 05 examination in accounting and reporting, in auditing, and in other related subjects that 06 the board determines appropriate. The examination shall be designated in advance by 07 the board as the [AN] examination for the certificate of certified public accountant. 08 The board shall use the Uniform Certified Public Accountant Examination of the 09 American Institute of Certified Public Accountants [UNIFORM CERTIFIED 10 PUBLIC ACCOUNTANT EXAMINATION] and the institute's advisory grading 11 service, if available. The board shall, by regulation, establish what constitutes a 12 passing grade on the examination for purposes of licensure under AS 08.04.100 - 13 08.04.240. 14 * Sec. 2. AS 08.04.195(a) is amended to read: 15 (a) Notwithstanding AS 08.04.100 - 08.04.130, the board may issue a
01 certificate to an applicant who holds a certificate, or its equivalent, issued by another 02 jurisdiction if the applicant 03 (1) passed the Uniform Certified Public Accountant Examination 04 of the American Institute of Certified Public Accountants [UNIFORM 05 CERTIFIED PUBLIC ACCOUNTANT EXAMINATION GIVEN BY THE OTHER 06 JURISDICTION] in order to receive the applicant's initial certificate from the 07 jurisdiction; 08 (2) has five years of experience outside the state in the practice of 09 public accounting or meets equivalent requirements established by the board by 10 regulation; the five years must occur after the applicant passes the examination 11 required in (1) of this subsection and within the 10 years immediately preceding the 12 applicant's application under this chapter; 13 (3) is not the subject of review procedures, disciplinary proceedings, or 14 unresolved complaints related to the applicant's certificate from another jurisdiction; 15 and 16 (4) is of good moral character. 17 * Sec. 3. AS 08.04.140, 08.04.160, and 08.04.170 are repealed. 18 * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to 19 read: 20 TRANSITIONAL PROVISION. Notwithstanding the provisions of this Act, an 21 applicant who, on or after May 1, 1999, and before the effective date of this Act, took the 22 examination required under AS 08.04.130 and received a passing grade in at least two 23 subjects of the examination, may choose to be reexamined in only the subjects not yet passed, 24 subject to the conditions of this section. The applicant may only sit for the remaining subjects 25 not yet passed (1) for the number of opportunities the applicant had remaining on the day 26 before the effective date of this Act; or (2) during a time period determined by the number of 27 opportunities the applicant had remaining on the day before the effective date of this Act 28 multiplied by six months, whichever is first exhausted. If an applicant does not pass all 29 remaining test sections under the conditions determined under (1) or (2) of this section, the 30 credits for passing grades received between April 30, 1999, and the effective date of this Act 31 expire. The board may, by regulation, determine what credit will be given for a subject
01 passed by an applicant on or after the effective date of this Act and before the expiration of 02 the opportunity for reexamination afforded under (1) and (2) of this section.