1. (a) The certificate of a "certified public accountant" shall be granted by reciprocity to any individual who is qualified under §901.259 or §901.260 of the Act and has provided in the application for reciprocity the names of the jurisdictions in which the individual is or has been certified and/or licensed and provide all disciplinary actions taken or pending in those jurisdictions.

2. (b) An individual from a domestic jurisdiction demonstrates that he meets the requirements for certification by reciprocity by:

   1. (1) satisfying one of the following conditions:

      1. (A) the individual holds a certificate or license to practice public accountancy from a domestic jurisdiction that has been determined by the board pursuant to §512.2 of this title (relating to National Association of State Boards of Accountancy Verified Substantially Equivalent Jurisdictions) as having substantially equivalent requirements for certification; or
      2. (B) the individual holds a certificate or license to practice public accountancy from a domestic jurisdiction that has not been determined by NASBA and the board to have substantially equivalent certification requirements but has had his education, examination and experience verified as substantially equivalent to those required by the Uniform Accountancy Act by NASBA; or
      3. (C) the individual meets all requirements for issuance of a certificate set forth in the Act other than the provision requiring proof of grades to be eligible to take the uniform CPA examination; or
      4. (D) the individual met the requirements in effect for issuance of a certificate in this state on the date the individual was issued a certificate or license by another domestic jurisdiction; or
      5. (E) after passing the uniform CPA examination, the individual has completed at least four years of experience practicing public accountancy within the ten year period immediately preceding the date of application in this state; and
   2. (2) the individual meets the CPE requirements applicable to certificate holders contained in Chapter 523 of this title (relating to Continuing Professional Education).

3. (c) An individual from a foreign jurisdiction demonstrates that he meets the requirements for certification by reciprocity by:

   1. (1) holding a credential that has not expired or been revoked, suspended, limited or probated, that entitles the holder to issue reports on financial statements issued by a licensing authority or professional accountancy body of another country that:

      1. (A) regulates the practice of public accountancy and whose requirements to obtain the credential have been determined by the board to be substantially equivalent to the requirements of education, examination and experience contained in the Act; and
      2. (B) grants credentials by reciprocity to individuals certified to practice public accountancy by this state;
   2. (2) receiving that credential based on education and examination requirements that were comparable to or exceeded those required by the Act at the time the credential was granted;
   3. (3) completing an experience requirement in the foreign jurisdiction that issued the credential that is comparable to or exceeds the experience requirement of the Act or has at least four years of professional accounting experience in this state;
   4. (4) passing an international qualifying examination (IQEX) covering national standards that has been approved by the board; and
   5. (5) passing an examination covering the laws, rules and code of professional conduct in effect in this state that has been approved by the board.

Source Note:The provisions of this §512.1 adopted to be effective August 4, 2004, 29 TexReg 7305; amended to be effective August 17, 2008, 33 TexReg 6374; amended to be effective June 17, 2009, 34 TexReg 3948.