1. (1) A foreign-licensed applicant must meet the requirements established under ARM 24.201.503, or for those applicants holding a foreign accounting credential that is covered by a currently valid MRA with IQAB, meet the following requirements:

   1. (a) met the issuing body's education requirement and passed the issuing body's examination used to qualify its own domestic applicants;
   2. (b) provide evidence that the foreign credentials are valid and in good standing at the time of application;
   3. (c) pass a uniform qualifying examination to ensure that the holder possesses adequate knowledge of national practice standards. The board may rely on the NASBA, AICPA, or other professional bodies to develop, administer, and grade such a qualifying examination; and
   4. (d) pass the professional ethics for CPAs course developed by the AICPA.

Authorizing statute(s): 37-1-131, 37-50-203, MCA

Implementing statute(s): 37-1-131, 37-50-203, MCA

History: NEW, 1980 MAR p. 2971, Eff. 11/29/80; TRANS, from Dept. of Prof. & Occup. Lic., Ch. 274, L. 1981, Eff. 7/1/81; AMD, 1990 MAR p. 584, Eff. 3/30/90; AMD, 1997 MAR p. 540, Eff. 3/25/97; AMD, 2000 MAR p. 461, Eff. 2/11/00; TRANS, from Commerce, 2005 MAR p. 2668; AMD, 2009 MAR p. 9, Eff. 1/16/09; AMD, 2014 MAR p. 2849, Eff. 11/21/14; AMD, 2016 MAR p. 1016, Eff. 6/4/16; AMD, 2018 MAR p. 2406, Eff. 12/8/18.