ARSD 20:75:03:04
An applicant for the issuance of an initial certificate shall obtain verification of the applicant's experience as meeting the requirements described in SDCL 36-20B-21, from a licensee as defined in SDCL 36-20B-1 or an individual similarly licensed in another state. The applicant shall provide the verification to the board along with the application.
(2) For two years of experience, extends over a period of at least two years and no more than six years and includes at least four thousand hours of performance.
A licensee responsible for the performance of attest services, as defined in SDCL 36-20B-2, and who signs or authorizes someone to sign, on behalf of the firm, the accountant's report on the financial statements, as defined in SDCL 36-20B-3, must have experience in auditing, compilation, or review, in any combination, which totals at least three hundred seventy-five hours as indicated on the experience form. The individual's experience must be earned within a ten-year period immediately preceding the latest application for a certificate.
A licensee who refuses to submit to the board evidence of the applicant's experience when requested by the applicant, must, upon board request, explain in writing or in person the basis for the refusal. The board may require any licensee who has furnished evidence of an applicant's experience to substantiate the information.
The board may require an applicant to appear before the board or its representative to supplement or verify evidence of experience. The board may inspect documentation relating to an applicant's claimed experience.
As referenced in SDCL 36-20B-21, experience required for licensure consists of full-time or part-time employment in performing services described in SDCL 36-2B-21 that:
Source: 29 SDR 16, effective August 14, 2002 ; 52 SDR 125, effective July 1, 2026 .
General Authority: SDCL 36-20B-12 (3) , 36-20B-21 , 36-20B-22 .
Law Implemented: SDCL 36-20B-2 , 36-20B-3 , 36-20B-13 , 36-20B-21 .
Prior versions effective: 2002-08-14.