1. A. The Board may issue a certificate or license to an applicant who has been authorized to practice public accounting as a certified public accountant or public accountant pursuant to the laws of the District of Columbia or any other state or territory of the United States if the applicant passed a test administered for the purpose of authorizing an individual to practice as a certified public accountant or public accountant with grades which were equivalent to passing a test for the same purpose in this state as of the date the applicant originally passed the examination, and said applicant:

   1. 1. Meets the requirements for issuance of a certificate or license in this state on the date of making application; or
   2. 2. Met, on the date the certificate or license was issued by the other state, District of Columbia or territory, the requirements in effect on that date for issuance of a certificate or license in this state.
2. B. In the event an applicant does not meet the requirements of subsection A of this section, but has passed a test administered for the purpose of authorizing an individual to practice as a certified public accountant or public accountant with grades which were equivalent to passing a test for the same purpose in this state on the date the applicant passed the examination, the Board may issue a certificate or license to an applicant if such applicant has four (4) years of experience practicing public accounting as a certified public accountant or public accountant pursuant to the laws of the District of Columbia or any other state or territory of the United States. Such experience must have occurred within the ten (10) years immediately preceding the application. Experience acceptable to satisfy the requirements of this subsection shall be determined by standards established by the Board.
3. C. An applicant eligible to be issued a certificate or license by the Board pursuant to the provisions of subsection A or B of this section must also provide satisfactory documentation to the Board that such individual has met the continuing professional education requirements required by this state during the calendar year preceding the date of the application.
4. D. The Board may issue a certificate or license by reciprocity to the extent required by treaties entered into by the government of the United States.
5. E. A fee in the amount equal to the fee required to sit for the initial CPA or PA examination shall be paid by an applicant seeking a certificate or license pursuant to the provisions of this section.

Laws 1965, SB 286, c. 188, § 13, emerg. eff. June 8, 1965; Amended by Laws 1968, HB 1216, c. 271, § 10, emerg. eff. April 30, 1968; Amended by Laws 1992, HB 2340, c. 272, § 15, eff. September 1, 1992.