1. (a) Credit hours may be claimed from other organizations not recognized as formal CPE sponsors. Credit from membership in the committees listed can be claimed using 50 minutes per contact hour at meetings to equal one credit hour:

   1. (1) Financial Accounting Standards Board (FASB);
   2. (2) Governmental Accounting Standards Board (GASB);
   3. (3) FASB's Emerging Issues Task Force (EITF);
   4. (4) AICPA's Auditing Standards Board and Accounting Standards Executive Committee;
   5. (5) Financial Executives Institute's Committee on Corporate Reporting (FEI/CCR);
   6. (6) National Association of Accountants' Management Accounting Practices Committee;
   7. (7) AICPA's Accounting and Review Services Committee (ARSC); and
   8. (8) The AICPA's Private Companies Section on Technical Issues Committee.
2. (b) Credit hours earned from sources other than registered sponsors, or membership on designated committees, must receive prior approval before credit may be claimed.

Source Note:The provisions of this §523.119 adopted to be effective April 7, 2004, 29 TexReg 3477.