1. (1) Under Subsection 58-26a-302(1)(c), an applicant shall submit transcripts showing completion of course work consisting of a minimum of 150 semester hours or 225 quarter hours, and one of the following:

   1. (a) a graduate degree in accounting or taxation from a nationally accredited education program;

   2. (b) a Master of Business Administration degree from a nationally accredited education program that includes no less than:

      1. (i) 24 semester hours or 36 quarter hours in upper-division or graduate-level accounting courses covering at least one course in each of the following subjects, with one hour of credit counted for one hour of upper-division course work, and 1.6 hours of credit counted for one hour of graduate-level course work:

         1. (A) financial accounting;
         2. (B) auditing;
         3. (C) taxation;
         4. (D) managerial or cost accounting;
         5. (E) accounting information systems or data analytics; or

      2. (ii) 12 semester hours or 18 quarter hours in graduate-level accounting courses covering the following subjects:

         1. (A) financial accounting;
         2. (B) auditing;
         3. (C) taxation;
         4. (D) managerial or cost accounting; and
         5. (E) accounting information systems or data analytics;

   3. (c) a baccalaureate degree in business or accounting from a nationally accredited education program that includes no less than:

      1. (i) 24 semester hours or 36 quarter hours in non-duplicative upper-division or graduate-level accounting courses covering at least one course in each of the following subjects, with one hour of credit counted for one hour of upper-division course work and 1.6 hours of credit counted for one hour of graduate-level course work:

         1. (A) financial accounting;
         2. (B) auditing;
         3. (C) taxation;
         4. (D) managerial or cost accounting; and
         5. (E) accounting information systems or data analytics; and
      2. (ii) 30 additional semester hours or 45 quarter hours in upper-division or graduate-level accounting and business courses, with one hour of credit counted for one hour of upper-division course work, and 1.6 hours of credit counted for one hour of graduate-level course work; or

   4. (d) a baccalaureate or graduate degree from a regionally accredited education program that includes no less than:

      1. (i) 24 semester hours or 36 quarter hours in non-duplicative upper-division or graduate-level accounting courses, with a minimum of two semester hours or three quarter hours in each of the following subjects, and with one hour of credit counted for one hour of upper-division course work and 1.6 hours of credit for one hour of graduate-level course work:

         1. (A) financial accounting;
         2. (B) auditing;
         3. (C) taxation;
         4. (D) managerial or cost accounting; and
         5. (E) accounting information systems or data analytics; and

      2. (ii) 24 semester hours or 36 quarter hours in non-accounting business or related courses with a minimum of two semester hours or three quarter hours in each of the following subjects:

         1. (A) business law;
         2. (B) information systems;
         3. (C) economics;
         4. (D) business ethics;
         5. (E) finance;
         6. (F) statistics or quantitative methods;
         7. (G) written and oral business communications; and
         8. (H) business administration such as marketing, operations, management, policy, or organizational behavior; and
      3. (iii) 30 additional semester hours or 45 quarter hours in upper-division or graduate-level accounting and business courses, with one hour of credit counted for one hour of upper-division course work, and 1.6 hours of credit for one hour of graduate-level course work.

2. (2) The Division in collaboration with the Board or the Education Advisory Committee may accept a baccalaureate degree in business or accounting from an education program that is not nationally accredited or regionally accredited if the applicant:

   1. (a)(i) has obtained a graduate degree in accounting or taxation or a Master of Business Administration from a nationally accredited education program; and

      1. (ii) meets the requirements in Subsection R156-26a-302a(1)(b)(i) or (ii); or

   2. (b)(i) has obtained a graduate degree in accounting, taxation, or a Master of Business Administration from a regionally accredited education program; and

      1. (ii) meets the requirements in Subsection R156-26a-302a(1)(d).
3. (3) The Division in collaboration with the Board or the Education Advisory Committee may make a written finding for cause that a particular accredited institution or program is not acceptable.
4. (4) The Division in collaboration with the Board or the Education Advisory Committee may accept education of a person who is or has been licensed as a certified public accountant or equivalent designation in a jurisdiction outside of the United States, if the applicant has obtained from NASBA verification of compliance with the terms of a current Mutual Recognition Agreement between that jurisdiction and the International Qualifications Appraisal Board of NASBA.

KEY: accountants, licensing, peer review, continuing professional education

Date of Last Change: July 29, 2024

Notice of Continuation: September 27, 2021

Authorizing, and Implemented or Interpreted Law: 58-26a-101; 58-1-106(1)(a); 58-1-202(1)(a)