1. (a) The board shall grant credit to a candidate for the satisfactory completion of the Uniform Certified Public Accountant Examination (UCPAE) provided the candidate earns a passing grade as determined by board rule on the subject. The credit shall be valid for eighteen months from the actual date the candidate took the subject.
2. (b) A candidate who earned credit(s) after implementation of the computer-based examination must pass the remaining subjects within the next eighteen months. Should a candidate's exam credit be invalidated due to the expiration of eighteen months without earning credit on the remaining subjects, the candidate remains qualified to take the examination.

3. (c) A candidate who earned conditional credit(s) on the UCPAE prior to the implementation of the computer-based examination must pass the remaining subjects within the next six consecutive examinations or eighteen months, whichever is less, from the actual date the candidate earned conditional credit(s). Credit(s) earned for each subject(s) offered on the written UCPAE will transition to the computer-based examination as follows:

   1. (1) credit earned for Auditing will equate to credit for Auditing and Attestation;
   2. (2) credit earned for Financial Accounting and Reporting will equate to credit for Financial Accounting and Reporting;
   3. (3) credit earned for Accounting and Reporting will equate to credit for Regulation; and
   4. (4) credit earned for Business Law and Professional Responsibilities will equate to credit for Business Environment and Concepts.
4. (d) A candidate receiving and retaining credit for every subject on the UCPAE, within an eighteen month period, subject to the limitations imposed by the Act, shall be considered by the board to have completed the examination and may make application for certification as a certified public accountant.
5. (e) A candidate who has received and retained credit for any or all subjects on the UCPAE may transfer such credits to another licensing jurisdiction if the candidate pays in advance a transfer fee set by board rule as identified in §521.7 of this title (relating to Fee for Transfer of Credits).

Source Note:The provisions of this §511.80 adopted to be effective January 3, 1990, 14 TexReg 6758; amended to be effective October 30, 1991, 16 TexReg 5828; amended to be effective December 15, 1993, 18 TexReg 8911; amended to be effective February 27, 2000, 25 TexReg 1377; amended to be effective August 13, 2003, 28 TexReg 6274.