Section Ac 304.05 - International Reciprocity(a) A person who holds a foreign professional license equivalent to a CPA certificate may apply for certification in New Hampshire as a CPA through reciprocity.(b) To qualify for reciprocity, the foreign-credentialed applicant shall: (1) Have a current credential in good standing that has been issued by a foreign authority that regulates the practice of public accountancy in that country;(2) Have been granted such credential by a foreign authority that recognizes certificates issued by New Hampshire for purposes of reciprocal licensure in that country;(3) Be entitled under the foreign credential to issue reports upon financial statements;(4) Demonstrate that the foreign credential was issued upon the basis of examination, experience and education established by the foreign authority or applicable foreign law;(5) Demonstrate that he or she received the foreign credential based on educational and examination standards that are substantially equivalent to those that were or are in effect in New Hampshire at the time such foreign credential was issued;(6) Demonstrate acquisition of experience that shall satisfy one of the following:a.The applicant shall have acquired experience that is substantially equivalent to the requirements of RSA 309-B:5, IX and X and Ac 302.04 in the jurisdiction that granted the credential;b.The applicant shall have acquired at least 4 years' professional accounting experience in New Hampshire; orc.The applicant shall have acquired a combination of 5 years' foreign and New Hampshire professional accounting experience; and(7) The applicant takes and passes the examination required pursuant to Ac 303.05.(c) The board shall designate a professional accounting credential issued in a foreign country as substantially equivalent to a CPA certificate if the requirements of this section and RSA 309-B:7, X are met.(d) The board shall rely on the National Association of State Boards of Accountancy, the American Institute of Certified Public Accountants for evaluation of foreign credential equivalency.(e) A foreign-credentialed applicant who meets the requirements of (c) and (d) above shall satisfy the good character requirement of RSA 309-B:5, II and Ac 304.06.(f) The board shall issue a CPA certificate to an applicant for certification by international reciprocity if the applicant meets all the requirements of this section.N.H. Admin. Code § Ac 304.05
#9051, eff 12-27-07; amd by #10054, eff 1-1-12
Amended by Volume XXXV Number 01, Filed January 8, 2015, Proposed by #10746, Effective 1/1/2015, Expires1/1/2025.