061-3 Wyo. Code R. §§ 3-2 - Original Certificates
(a) A certificate shall be issued to any
person who has successfully completed all sections of the Uniform CPA
Examination (examination), documents lawful presence in the United States, and
who has met the requirements of
W.S.
33-3-109(a) and the rules.
All certificate holders whose principal place of business is in this state and
who provide services in Wyoming as defined in
W.S.
33-3-109(c) are in active
practice and shall maintain the certificate on active status.
(b) Education. The applicant for a
certificate as a CPA shall have completed, and evidence by an official
transcript from a college or university acceptable to the board under chapter
2, section
3(c) and (e) of these
rules, at least twenty-four (24) semester hours of upper division or graduate
level accounting courses.
(c)
Experience.
(i) The applicant for a
certificate as a CPA qualifying for the examination under
W.S.
33-3-109(a)(v)(A) or
W.S.
33-3-109(p) shall
demonstrate four (4) years of experience which shall be verified by a CPA whose
certificate was active at the time the experience was earned or as provided for
in
W.S.
33-3-109(a)(v)(B).
(ii) The applicant for a CPA certificate
qualifying under
W.S.
33-3-109(a)(v)(C) shall
demonstrate one (1) year of experience which shall be verified by a CPA whose
certificate was active at the time the experience was earned or as provided for
in
W.S.
33-3-109(a)(v)(D).
(iii) The term "year of experience" as used
in
W.S.
33-3-109(a)(v)(B) and (D)
means a minimum of two thousand (2,000) working hours.
(d) Equivalent experience. The board may
consider equivalent experience not verified by an active CPA. The applicant
shall provide documentation verifying equivalent experience specifying the job
title, employment period, a detailed description of the duties, and the
documentation shall be affirmed by an appropriate supervisor or official. The
applicant shall be required to provide samples of work product that demonstrate
the type and quality of work experience earned by the applicant. This
experience may include but is not limited to the following:
(i) Financial statement
preparation;
(ii) Financial
statement consolidation;
(iii)
Trial balance/general ledger/fixed asset;
(iv) Audit support;
(v) Software conversion/installation of
financial systems;
(vi) Account
reconciliation;
(vii) Expense
account analysis;
(viii) Tax
payments and returns;
(ix) Payroll
management;
(x) Budget preparation,
operating, and capital;
(xi)
Product costing;
(xii) Developing
or testing internal controls;
(xiii) Capital budgeting support;
(xiv) Analysis of financial statements or
budgets;
(xv) Analysis of
information flows and accounting processes;
(xvi) Research of accounting literature or
tax codes;
(xvii) Conducting
internal audits;
(xviii)
Preparation of journal entries;
(xix) Income tax preparation, projections, or
advice;
(xx) Financial consulting;
or
(xxi) Educational instruction in
any discipline covered by the examination (academia).
(e) An original certificate applicant shall
document that he has completed a professional ethics examination, "Professional
Ethics: The AICPA's Comprehensive Course" accepted by the board for
certification purposes at the time of application.
(f) Transfer credit shall be granted to an
original certificate applicant if he shows satisfactory completion of all
sections of the examination given by the licensing authority in any
jurisdiction, provided the requirements outlined in
W.S.
33-3-109(a) and section 2 of
this chapter have been met.
(g) An
applicant shall document lawful presence in the United States on forms required
by the Board.
(h) After issuance of
an original certificate, the holder shall practice under the name registered
with the Board.
(i) Applications
for original certificates from applicants who have a history of disciplinary
action related to certificate(s) issued in other jurisdictions, shall be
referred to an Application Review Committee set forth in chapter 7, section
4 of these rules.
Notes
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