(a) A certified public accountant (CPA) whose certificate has been cancelled by the operation of Business and Professions Code Section 5070.7 may apply for and obtain a new certificate if the applicant is otherwise qualified under the provisions of Section 5070.7 and the applicant meets the requirements of subsection (b) or (c) of this section. The reissued certificate will permit the CPA to perform the same services as did the cancelled certificate except that a CPA whose cancelled certificate authorized signing reports on attest engagements may choose to be reissued a certificate that does not provide this authorization.(b) An applicant who is applying for a reissued certificate shall complete 80 hours of continuing education that meets the following requirements: (1) For an applicant whose reissued certificate will authorize signing reports on attest engagements, the 80 hours must be completed as follows: (A) The 80 hours must be completed in the two years preceding approval of the application by the Board.(B) All 80 hours must meet the requirements as described in Section 88.(C) Within the 80 hours, the following minimums must be met: (i) 16 hours in financial accounting standards.(ii) 16 hours in auditing standards.(iii) 8 hours in compilation and review.(iv) 8 hours in other comprehensive basis of accounting.(v) 8 hours in the prevention, detection, and/or reporting of fraud affecting financial statements.(vi) 24 hours in courses that meet the requirements of Section 87(a)(2) or Section 87(a)(3).(2) For an applicant whose reissued certificate will not authorize signing reports on attest engagements, 80 hours must be completed as follows: (A) The 80 hours must be completed in the two years preceding approval of the application by the Board.(B) All 80 hours must meet the requirements as described in Section 87(a)(2)-(4) and Section 88.(3) Certificates of completion must be submitted to the Board and shall contain a verification certified by a program provider representative such as a signature or seal. The certificate of completion must also delineate the subject areas for which the applicant may claim credit.(c) In lieu of meeting the requirements of subsection (b) of this section, the applicant may choose to retake and successfully complete the entire Uniform CPA examination.Cal. Code Regs. Tit. 16, § 37
1. New section filed 6-19-90; operative 7-19-90 (Register 90, No. 33).
2. Amendment filed 6-12-2002; operative 6-12-2002 pursuant to Government Code section 11343.4 (Register 2002, No. 24).
3. Amendment filed 9-19-2008; operative 10-19-2008 (Register 2008, No. 38).
4. Amendment filed 9-10-2013; operative 1-1-2014 (Register 2013, No. 37).
5. Repealer and new subsection (b), repealer of subsection (b)(1)(C)(i), subsection renumbering, new subsection (b)(1)(C)(vi), amendment of subsections (b)(2)(A)-(B) and repealer of subsection (b)(2)(C) filed 8-24-2015; operative 10-1-2015 (Register 2015, No. 35). Note: Authority cited: Sections 5010 and 5018, Business and Professions Code. Reference: Section 5070.7, Business and Professions Code.
1. New section filed 6-19-90; operative 7-19-90 (Register 90, No. 33).
2. Amendment filed 6-12-2002; operative 6-12-2002 pursuant to Government Code section 11343.4 (Register 2002, No. 24).
3. Amendment filed 9-19-2008; operative 10-19-2008 (Register 2008, No. 38).
4. Amendment filed 9-10-2013; operative 1-1-2014 (Register 2013, No. 37).
5. Repealer and new subsection (b), repealer of subsection (b)(1)(C)(i), subsection renumbering, new subsection (b)(1)(C)(vi), amendment of subsections (b)(2)(A)-(B) and repealer of subsection (b)(2)(C) filed 8-24-2015; operative 10/1/2015 (Register 2015, No. 35).