South Carolina § 40-2-550 Applicant qualifications.

South Carolina Statutes

§ 40-2-550 — Applicant qualifications.

South Carolina § 40-2-550

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 2ACCOUNTANTS

This text of South Carolina § 40-2-550 (Applicant qualifications.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 40-2-550 (2026).

Text

In order to be eligible for licensing under this article as an accounting practitioner, an applicant may not hold another license granted under this chapter and must:

(1)not have any history of dishonest or felonious acts;

(2)be a resident of this State or have a place of business in this State, or as an employee, be regularly employed in this State;

(3)be at least eighteen years of age; and (4) meet these requirements:

(a)pass an examination approved by the board, which is designed to test the applicant's basic knowledge of the subjects described in Section 40-2-510(1) and which may consist of parts of the examination administered to certified public accountant applicants or another examination as the board may prescribe; and (b)(i) have a bachelor's degree with a major in accounting

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In order to be eligible for licensing under this article as an accounting practitioner, an applicant may not hold another license granted under this chapter and must: (1) not have any history of dishonest or felonious acts; (2) be a resident of this State or have a place of business in this State, or as an employee, be regularly employed in this State; (3) be at least eighteen years of age; and (4) meet these requirements: (a) pass an examination approved by the board, which is designed to test the applicant's basic knowledge of the subjects described in Section 40-2-510(1) and which may consist of parts of the examination administered to certified public accountant applicants or another examination as the board may prescribe; and (b)(i) have a bachelor's degree with a major in accounting from a college or university holding an accreditation from an accreditation body approved by the United States Department of Education; or (ii) have transcripts or a degree determined by the board to be substantially equivalent to the foregoing standards. (5) surrenders, if licensed and holds a current annual permit to practice in this State as a certified public accountant or public accountant, his license and permit to practice as a certified public accountant or public accountant upon being licensed as an accounting practitioner.

Legislative History

HISTORY: 1996 Act No. 453, SECTION 1; 2001 Act No. 92, SECTION 2; 2004 Act No. 289, SECTION 1; 2022 Act No. 174 (S.812), SECTION 1, eff May 16, 2022. Effect of Amendment 2022 Act No. 174, SECTION 1, in (4), rewrote (b).