Utah Admin. Code 156-26a-302a

Current through Bulletin 2021-14, July 15, 2021
Section R156-26a-302a - Qualifications for CPA Licensure - Education Requirements

The education requirements for CPA licensure in Subsection 58-26a-302(1)(d) are defined, clarified, or established as follows:

(1) An applicant shall submit transcripts showing completion of course work consisting of a minimum of 150 semester hours (225 quarter hours), and one of the following :
(a) a graduate degree in accounting or taxation from an institution whose business education is accredited by the AACSB or the ACBSP;
(b) a Master of Business Administration degree from an institution whose business education program is accredited by the AACSB or the ACBSP and which includes no less than:
(i) 24 semester hours (36 quarter hours) in upper division or graduate level accounting courses covering the following subjects:
(A) financial accounting;
(B) auditing;
(C) taxation; and
(D) management accounting;
(ii) 15 semester hours (23 quarter hours) graduate level accounting courses covering the following subjects:
(A) financial accounting;
(B) auditing;
(C) taxation; and
(D) management accounting; or
(iii) an equivalent combination of graduate and upper division accounting courses covering the subjects of financial accounting, auditing, taxation, and management accounting, with one hour of graduate level course work being equivalent to 1.6 hours of upper division course work;
(c) a baccalaureate degree in business or accounting from an institution whose business education program is accredited by the AACSB or the ACBSP, and which includes no less than:
(i) 24 semester hours (36 quarter hours) in upper division or graduate level accounting courses covering at least one course in each of the following subjects:
(A) financial accounting;
(B) auditing;
(C) taxation; and
(D) management accounting; and
(ii) 30 additional hours in graduate or upper division accounting and business courses; or
(d) A baccalaureate or graduate degree from an institution accredited by a regional accrediting body with no less than:
(i) 24 semester hours (36 quarter hours) in non-accounting business or related courses providing a minimum of two semester hours (three quarter hours) in each of the following subjects:
(A) business law;
(B) computers;
(C) economics;
(D) business ethics;
(E) finance;
(F) business statistics and quantitative methods;
(G) written and oral business communications;
(H) business administration such as marketing, production, management, policy or organizational behavior;
(ii) 24 semester hours (36 quarter hours) in upper division or graduate level accounting courses with a minimum of two semester hours (three quarter hours) in each of the following subjects:
(A) auditing;
(B) finance;
(C) managerial or cost;
(D) systems; and
(E) taxes; and
(iii) 30 additional hours in graduate or upper division accounting and business courses.
(2) The Division in collaboration with the Board or the Education Advisory Committee may accept a baccalaureate degree in business or accounting from an institution not having an accepted accreditation as defined in Subsection R156-26a-102(4), if the applicant:
(a) has obtained a graduate degree in accounting from an institution whose business education program is accredited by the AACSB or the ACBSP;
(b)
(i) has obtained a graduate degree in taxation or a Master of Business Administration from an institution whose business education program is accredited by the AACSB or the ACBSP; and
(ii) meets the requirements in Subsection R156-26a-302a(1)(b)(i), (ii), or (iii); or
(c)
(i) has obtained a graduate degree in accounting, taxation, or a Master of Business Administration from an institution accredited by a regional accrediting body; and
(ii) meets the requirements in Subsection R156-26a-302a(1)(d).
(3) The Division in collaboration with the Board or the Education Advisory Committee may make a written finding for cause that a particular accredited institution or program is not acceptable.
(4) The Division in collaboration with the Board or the Education Advisory Committee may accept education of a person who holds a license as a certified public accountant or equivalent designation in a foreign country, if the applicant has obtained from NASBA verification of compliance with the terms of an agreement for reciprocal licensure between the foreign country and the International Qualifications Appraisal Board of NASBA, which agreement provides the applicant's examinations, education and experience is determined to be substantially equivalent to the Eighth Edition, January 2018 Uniform Accountancy Act licensure requirements or a version of the Uniform Accountancy Act having substantially equivalent requirements.

Utah Admin. Code R156-26a-302a

Amended by Utah State Bulletin Number 2016-5, effective 2/11/2016
Amended by Utah State Bulletin Number 2019-23, effective 11/7/2019