Section 1-136.02 - Permit; when issued(1) The board shall issue a permit under subdivision (1)(a) of section 1-136 to a holder of a certificate as a certified public accountant when such holder has completed: (a) At least one hundred fifty semester hours or two hundred twenty-five quarter hours of postsecondary academic credit and has earned a baccalaureate or higher degree from a college or university accredited by a regional accrediting agency as recognized by the United States Department of Education or a similar agency as determined to be acceptable by the board. The person shall demonstrate that accounting, auditing, business, and other subjects at the appropriate academic level as required by the board are included within the required hours of postsecondary academic credit; and(b)(i) Two years of accounting experience satisfactory to the board, in any state or foreign country, in employment as an accountant in a firm, proprietorship, partnership, corporation, limited liability company, or other business entity authorized in any state to engage in the practice of public accountancy under the supervision of an active certified public accountant who is the holder of a permit issued under subdivision (1)(a) of section 1-136 or the equivalent issued by another state;(ii) Except as provided in subdivision (b)(iii) of this subsection, three years of accounting experience satisfactory to the board, in any state or foreign country, in employment as (A) an accountant in government or business under the supervision of an active certified public accountant who is the holder of a permit issued under subdivision (1)(a) of section 1-136 or the equivalent issued by another state or (B) faculty at a college or university of recognized standing under the supervision of an active certified public accountant who is the holder of a permit issued under subdivision (1)(a) of section 1-136 or the equivalent issued by another state; or(iii) Two years of accounting experience satisfactory to the board in employment as an accountant in the office of the Auditor of Public Accounts or the Department of Revenue under the supervision of an active certified public accountant who is the holder of a permit issued under subdivision (1)(a) of section 1-136 or the equivalent issued by another state.(2) The board shall issue a permit under subdivision (1)(a) of section 1-136 to a holder of a reciprocal certificate issued under section 1-124 upon a showing that: (a) He or she meets all current requirements in this state for issuance of a permit at the time the application is made; and(b) At the time of the application for a permit the applicant, within the ten years immediately preceding application, meets an experience requirement in subdivision (1)(b) of this section.Neb. Rev. Stat. §§ 1-136.02
Laws 1977, LB 290, § 3; Laws 1993, LB 41, § 2; Laws 1997, LB 114, § 29; Laws 2007, LB24, § 2; Laws 2009, LB 31, § 19; Laws 2013, LB 27, § 1; Laws 2016, LB 853, § 5; Laws 2017, LB 56, § 1; Laws 2024, LB 854, § 4.Amended by Laws 2024, LB 854,§ 4, eff. 7/19/2024.Amended by Laws 2017, LB 56,§ 1, eff. 8/24/2017.Amended by Laws 2016, LB 853,§ 5, eff. 7/21/2016.