N.Y. Comp. Codes R. & Regs. tit. 8 § 70.5

Current through Register Vol. 46, No. 45, November 2, 2024

Section 70.5 - Licensure by endorsement

(a) Endorsement of licenses of other states. A license to practice certified public accountancy issued by another state of the United States may be endorsed by the department for practice in New York State if the applicant:

(1) is either:

(i) licensed by a state that has significantly comparable licensure standards to New York. For purposes of this section, states that have significantly comparable licensure standards shall mean those states that are recognized by a national professional accounting organization acceptable to the department as having licensure requirements for certified public accountants that are significantly comparable to New York State; or

(ii) licensed by a state that has not been recognized as having significantly comparable licensure standards to New York, provided that the department has determined that the applicant has completed licensure requirements significantly comparable to the licensure requirements for certified public accountants in New York State; and

(2) presents satisfactory evidence to the State Board of at least four years of professional experience in the practice of public accountancy following initial licensure and within the 10 years immediately preceding application for licensure by endorsement;

(3) received acceptable grades on a professional competency examination acceptable to the State Board; and

(4) submits a completed application, on a form prescribed by the department, which shall include, but need not be limited to, the following information:

(i) certification by the applicant of good moral character;

(ii) verification of the applicant's licensure status in his/her initial state of licensure and, if different, verification of the applicant's licensure status in the state of the applicant's principal place of business;

(iii) verification by the applicant of the location of his or her principal place of business;

(iv) certification by the applicant that he or she has completed the continuing education requirements of the state where the applicant's principal place of business is located in the year prior to submission of the application form; and

(v) certification of satisfactory completion of the required education and professional experience in the practice of public accountancy, as required in paragraphs (1) and (2) of this subdivision.

(b) Endorsement of foreign licenses. A certified public accountancy license, or its foreign equivalent, that is issued by a foreign country in which licensure or registration is regulated by an authority responsible for the regulation of the practice of public accountancy in such foreign jurisdiction and acceptable to the Board of Regents, may be accepted by the department for licensure in New York State if the applicant:

(1)

(i) presents satisfactory evidence of a license in certified public accountancy, or its foreign equivalent, from a foreign jurisdiction that is recognized by the department or a national professional accounting organization acceptable to the department, as having significantly comparable licensure standards to New York; or

(ii) presents satisfactory evidence of a license in certified public accountancy, or its foreign equivalent, from a foreign jurisdiction that has not been recognized as having significantly comparable licensure standards to New York, provided that the department has determined that the applicant has completed licensure requirements significantly comparable to the licensure requirements for certified public accountants in New York State;

(3) received acceptable grades on a professional competency examination acceptable to the State Board; and

(4) submits a completed application, on a form prescribed by the department, which shall include, but not be limited to:

(i) certification by the applicant of good moral character;

(ii) verification of the applicant's licensure status in his/her initial country of licensure and if different, verification of the applicant's licensure status in the state of the applicant's principal place of business;

(iii) verification of acceptable grades on a professional competency examination acceptable to the State Board;

(iv) certification of completion of the required education for licensure as a certified public accountant; and

(v) certification of completion of four years of satisfactory professional experience in public accountancy, as required in paragraph (2) of this subdivision.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 70.5