§ 107 — Requirements and qualifications for a permit to practice as a certified public accountant [Effective until July 1, 2026]

Delaware § 107

• Jurisdiction: Delaware
• Title: 24
• Ch. 1: BOARD OF ACCOUNTANCY

Text

(a) Each person who is engaged in the practice of certified public accountancy and whose principal place of business is in this State, whether as a principal or employee of a firm, shall be required to obtain and maintain a valid permit to practice certified public accountancy. The permit to practice as a certified public accountant shall be granted to persons who meet the education, experience, lack of disqualifying conviction and examination requirements of the following subsections of this section and rules adopted thereunder and who make application therefore pursuant to § 108 of this title.

(b) (1) The applicant has not been convicted of a crime that is substantially related to the practice of accountancy; however, if after consideration of the factors set forth under § 8735(x)(3) of Title 29, through a hearing or review of documentation, the Board determines that granting a waiver would not create an unreasonable risk to public safety, the Board, by an affirmative vote of a majority of the quorum, shall waive this subsection.

(2) Notwithstanding the limitation in § 8735(x)(4)d. of Title 29, the Board may consider convictions for financial sector crimes such as bribery, embezzlement, identity theft, racketeering, money laundering, terrorist financing, fraud (including fraudulent financial reporting) and tax evasion regardless of the time that has passed since conviction.

(3)-(4) [Repealed.]

(c) The applicant has completed at least 150 semester hours of college education including a baccalaureate or higher degree conferred by an accredited college or university acceptable to the Board, the total educational program to include an accounting concentration or equivalent as determined by Board rule to be appropriate;

(d) The applicant has successfully passed the Uniform Certified Public Accountant Examination and/or such successor examinations as may be required to qualify for a permit to practice, provided that the applicant may not sit for said exams until that applicant has successfully completed at least 120 semester hours of college education including a baccalaureate or higher degree conferred by an accredited college or university acceptable to the Board, the total educational program to include an accounting concentration or equivalent as determined by Board rule to be appropriate;

(e) The applicant has successfully passed the AICPA self-study course and examination in professional ethics; and

(f) The applicant has had 1 year of experience. This experience shall include providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills all of which was supervised by a United States certified public accountant, meeting requirements prescribed by the Board by rule. This experience would be acceptable if it was gained through employment in government, industry, academia or public practice.

Legislative History

27 Del. Laws, c. 98, § 3 ; Code 1915, § 982; 32 Del. Laws, c. 48, §§ 2, 3 ; Code 1935, § 1093; 45 Del. Laws, c. 82, § 1 ; 24 Del. C. 1953, § 104; 50 Del. Laws, c. 167, § 2 ; 55 Del. Laws, c. 193 ; 58 Del. Laws, c. 511, § 49 ; 60 Del. Laws, c. 198, § 1 ; 65 Del. Laws, c. 167, § 1 ; 70 Del. Laws, c. 186, § 1 ; 71 Del. Laws, c. 139, § 1 ; 72 Del. Laws, c. 468, § 1 ; 74 Del. Laws, c. 262, § 3 ; 75 Del. Laws, c. 128, § 3 ; 75 Del. Laws, c. 436, § 1 ; 76 Del. Laws, c. 418, §§ 4-12 ; 77 Del. Laws, c. 199, § 1 ; 78 Del. Laws, c. 44, §§ 1, 2 ; 80 Del. Laws, c. 247, § 1 ; 83 Del. Laws, c. 433, § 3