KRS 325.280: Qualifications for licensure as certified public accountant by reciprocity

and for foreign accountants.

(1) The board may issue a license to practice by reciprocity, if the applicant:

(a) Submits an application for a license to practice a ny regulated activity, upon

forms approved by the board;

(b) Pays all required fees, in the amounts as determined by administrative

regulation promulgated by the board; and

(c) Meets the following requirements:

1. Satisfies the educational requirement in KRS 325.261(3);

2. Receives a grade on the Uniform CPA Examination in another state that

was equivalent to a passing grade at the time in this Commonwealth;

3. Holds a valid active license, and is in good standing as a certified public

accountant, issued under the laws of any other state; and

4. Meets all current experience requirements in this chapter, except for

KRS 325.261(5)(c), at the time application is made, or within the ten

(10) years immediately preceding the application, had four (4) years of

experience in the practice of the regulated activities acceptable to the

board upon which the license was based.

(2) The board may issue a license to practice the regulated activities without

examination to an applicant who holds a valid license to engage in the practice of

the regulated activities in good standing from a foreign country if:

(a) The applicant's foreign c ountry makes similar provisions to allow a person

who holds a valid license to practice the regulated activities issued by this

Commonwealth to obtain that foreign country's comparable designation;

(b) The authority of the foreign country that issued the d esignation regulates the

practice of the regulated activities, including the issuance of reports;

(c) The foreign designation was granted upon education and examination

requirements which were established by the foreign authority or law and were

substantially equivalent to those in effect in this Commonwealth at the time

the foreign designation was granted;

(d) The applicant satisfies the applicable experience requirement contained in

subsection (1)(c) of this section;

(e) The applicant has successfully pas sed a uniform qualifying examination on

United States national standards prepared by the National Association of State

Boards of Accountancy; and

(f) The applicant submits an application for a license to practice the regulated

activities, upon forms approv ed by the board, and pays the fees listed in

administrative regulations promulgated by the board.