37-50-305. Education requirements -- definition. (1) An applicant for initial licensure as a certified public accountant must have:
(a) graduated from an accredited college or university with a baccalaureate degree and at least 150 semester hours of credit; and
(b) met the requirements for accounting and business course credit hours specified by board rule.
(2) (a) A licensee shall obtain continuing education credits as provided by board and department rule.
(b) If an audit conducted under 37-1-306 results in more than 15% of the audited licensees being noncompliant before the department administers the provisions of 37-1-321, in the subsequent audit year the board may audit up to 100% of the licensees.
(3) For the purposes of this section, "initial licensure" means that the applicant has never been licensed as a certified public accountant by any jurisdiction.
History: En. Sec. 12, Ch. 118, L. 1969; R.C.M. 1947, 66-1824; amd. Sec. 10, Ch. 684, L. 1979; amd. Sec. 7, Ch. 335, L. 1983; amd. Sec. 3, Ch. 382, L. 1989; amd. Sec. 4, Ch. 196, L. 2003; amd. Sec. 10, Ch. 169, L. 2015; amd. Sec. 3, Ch. 50, L. 2019.
Structure Montana Code Annotated
Title 37. Professions and Occupations
Chapter 50. Public Accountants
37-50-301. Illegal use of title
37-50-302. Certified public accountants -- licensure -- qualifications and requirements
37-50-305. Education requirements -- definition
37-50-309. Credit for examinations taken in other jurisdictions
37-50-314. License required -- proof of licensure
37-50-316. Other license fees prohibited
37-50-318. Existing license or certificate transition
37-50-319. and 37-50-320 reserved
37-50-325. Practice privilege for nonresident certified public accountant -- rules
37-50-326. through 37-50-329 reserved
37-50-330. Compliance with ownership requirements -- firm registration
37-50-335. Registration of firms -- exemptions
37-50-337. through 37-50-340 reserved
37-50-341. Initiation of proceedings -- hearings and rulemaking