§ 12-100-115 — Continuing education - rules

(1) (a) As a condition of renewing,
reactivating, or reinstating a certificate of certified public accountant, every
applicant shall comply with continuing education requirements adopted by the
board.

(b) A nonresident certificate holder applying to renew, reactivate, or
reinstate a certificate of certified public accountant issued in this state that
demonstrates compliance, through an attestation submitted with a renewal,
reactivation, or reinstatement application, with the continuing education
requirements for renewal, reactivation, or reinstatement of a certificate in the state
in which the certificate holder's principal place of business is located is deemed to
have satisfied the continuing education requirements of this section.

(2) The board shall promulgate rules governing the following:

(a) The basic requirements for continuing education; except that the board
shall not require continuing education of more than eighty hours every two years;

(b) A delineation of qualifying programs;

(c) A system of control and reporting.

(3) In exercising its power under subsection (2) of this section, the board
shall, as a basis for a high standard of practice by certified public accountants,
establish requirements that will assure reasonable currency of knowledge. The
requirements shall assure that a variety of alternative means of compliance with
continuing education requirements are available to certificate holders and shall
take cognizance of specialized areas of practice.

(4) The board shall make exceptions from continuing education
requirements for holders of certificates who are not engaged in public practice or
who cannot continue their education for reasons of health, military service, or other
good cause. If the holders of certificates return to the practice of public
accounting, the holders of certificates shall meet the continuing education
requirements as the board may determine.

(5) The board shall determine in each case whether a holder of certificate of
certified public accountant has complied with continuing education requirements
adopted by the board or has demonstrated compliance, in accordance with
subsection (1)(b) of this section, with the continuing education requirements of the
state in which the certificate holder's principal place of business is located.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 807, � 1, effective October 1; (1) and (5) amended, (SB 19-155), ch. 235, p. 2335, � 15, effective October 1.