Section 288-6-005 - Examination Subjects and Requirements005.01 The examination shall test the knowledge and skills required for performance as an entry-level certified public accountant. The examination shall include the subject areas of accounting and auditing and related knowledge and skills as the Board may require.005.02 A Candidate shall be required to pass all Test Sections of the examination in order to qualify for certification. Upon receipt of the advisory grades to the examination provider, the provider shall report the results to the Candidate and the Board. The Board may review any examination grades at their discretion. The Candidate must on each test section, attain the uniform passing grade established through a psychometrically acceptable standard-setting procedure.005.03 A Candidate shall be required to pass all sections of the examination in order to qualify for certification. 005.03A A Candidate may take the required Test Sections individually and in any order. Credit for passing any Test Section(s) shall be valid for that Test Section for thirty (30) months from the date the passing score for such Test Section is released by NASBA to the Candidate or the Board, as the case may be, regardless of the number of Test Sections taken or having to attain a minimum score on any failed section(s).1) A Candidate shall pass all required Test Sections within a rolling thirty (30) month period. The rolling period begins on the date the first passing score(s) are released by NASBA to the Candidate or the Board, as the case may be. The rolling period concludes on the date the Candidate sits for the final Test Section passed, regardless of when the score is released by NASBA for the final Test Section. 2) A Candidate who earns initial credit on one or more Test Section(s) of the CPA examination must sit for and complete the remaining required Test Section(s) of the examination by midnight on the last day of the rolling period. 3) If all required Test Sections are not passed within this initial thirty (30) month period, credit for the first Test Section(s) passed shall expire and a new rolling period shall begin on the date the second passing score(s) were released by NASBA to the Candidate or the Board, as the case may be, and continue for thirty (30) months from that date. If all required Test Section(s) are not passed within this next rolling period, credit for the second Test Section(s) passed shall expire and a new rolling thirty (30) month period will begin on the date the next Test Section passing score, if any, was released by NASBA to the Candidate or the Board, as the case may be, and this cycle of thirty (30) month rolling periods and Test Section credit expirations will continue until all Test Sections are passed within one thirty (30) month period. Notwithstanding the foregoing, if a Candidate stops testing for a thirty (30) month period, then all credit for previously passed Test Sections shall expire.005.03B A Candidate shall not retake a failed Test Section until the Candidate has been notified of the score for the most recent attempt of that failed Test Section. A Candidate shall be deemed to have passed the examination if the Candidate obtains credit for passing all required Test Sections in one rolling thirty (30) month period. 005.03C Notwithstanding the requirements of subsections 005.03A, 005.03B, the period of time in which to pass all required Test Section(s) of the examination may be extended by the Board upon a showing that the credit was lost by reason or circumstances beyond the Candidate's control, and when applicable, on a case-by-case basis. 005.03D A Candidate shall retain credit for any and all required Test Sections of the examination passed as a Candidate of another state if such credit would have been given under then applicable requirements in this or that other State. 005.03E An application for a certificate shall require the examination scores and date of such Test Sections to be provided to the Board by NASBA, examination provider, or the State Board in which the candidate took the examination.288 Neb. Admin. Code, ch. 6, § 005
Amended effective 9/22/2019Amended effective 5/5/2024