061-3 Wyo. Code R. § 3-2

Current through April 27, 2019

Section 3-2 - Original Certificates

(a) A certificate as a CPA shall be issued to any person who has successfully completed all sections of the Uniform CPA Examination (examination), documents lawful presence in the United States, and who has met the requirements of W.S. 33-3-109(a) and the rules. All certificate holders whose principal place of business is in this state and who provide services in Wyoming as defined in W.S. 33-3-109(c) are in active practice and shall maintain the certificate on active status.

(b) Education. The applicant for a certificate as a CPA shall have completed, and evidence by an official transcript from a college or university acceptable to the board under chapter 2, section 3(c) and (e) of the rules, at least twenty-four (24) semester hours of upper division or graduate level accounting courses.

(c) Experience.

(i) The applicant for a certificate as a CPA qualifying for the examination under W.S. 33-3-109(a)(v)(A) or W.S. 33-3-109(p) shall demonstrate four (4) years of experience which shall be verified by a CPA whose certificate was active at the time the experience was earned or as provided for in W.S. 33-3-109(a)(v)(B).

(ii) The applicant for a CPA certificate qualifying under W.S. 33-3-109(a)(v)(C) shall demonstrate one (1) year of experience which shall be verified by a CPA whose certificate was active at the time the experience was earned or as provided for in W.S. W.S. 33-3-109(a)(v)(D).

(iii) The term "year of experience" as used in W.S. 33-3-109(a)(v)(B) and (D) means a minimum of two thousand (2,000) working hours.

(d) Equivalent experience. The board may consider equivalent experience not verified by an active CPA. The applicant shall provide documentation verifying equivalent experience specifying the job title, employment period, a detailed description of the duties, and the documentation shall be affirmed by an appropriate supervisor or official. The applicant shall be required to provide samples of work product that demonstrate the type and quality of work experience earned by the applicant. This experience may include but is not limited to the following:

(i) Financial statement preparation;

(ii) Financial statement consolidation;

(iii) Trial balance/general ledger/fixed asset;

(iv) Audit support;

(v) Software conversion/installation of financial systems;

(vi) Account reconciliation;

(vii) Expense account analysis;

(viii) Tax payments and returns;

(ix) Payroll management;

(x) Budget preparation, operating, and capital;

(xi) Product costing;

(xii) Developing or testing internal controls;

(xiii) Capital budgeting support;

(xiv) Analysis of financial statements or budgets;

(xv) Analysis of information flows and accounting processes;

(xvi) Research of accounting literature or tax codes;

(xvii) Conducting internal audits;

(xviii) Preparation of journal entries;

(xix) Income tax preparation, projections, or advice;

(xx) Financial consulting; or

(xxi) Educational instruction in any discipline covered by the examination (academia).

(e) An original certificate applicant shall document that he has completed a professional ethics examination, "Professional Ethics: The AICPA's Comprehensive Course" accepted by the board for certification purposes at the time of application.

(f) Transfer credit shall be granted to an original certificate applicant if he shows satisfactory completion of all sections of the examination given by the licensing authority in any jurisdiction, provided the requirements outlined in W.S. 33-3-109 and section 2 of this chapter have been met.

061-3 Wyo. Code R. § 3-2

Amended, Eff. 3/20/2018.