(a)An active certificate of "certified public accountant"
shall be granted by the board to any person:
(i)Who is a resident of Wyoming or has a place of
business in Wyoming, or as an employee, is regularly employed in
Wyoming; and
(ii)Who has attained the age of majority in Wyoming;
and
(iii)Repealed by Laws 2005, ch. 1, § 2.
(iv)Who has passed a written examination in
accounting and auditing and other related subjects the board
determines to be appropriate; and
(v)Who, prior to January 1, 2012, meets the
requirements of subparagraphs (A) and (B) or subparagraphs (C)
and (D) of this paragraph or, on or after January 1, 2012, meets
the requirements of subparagraphs (C) and (D) of this paragraph:
(A)Earned a baccalaureate degree conferred by a
college or university recognized by the b
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(a) An active certificate of "certified public accountant"
shall be granted by the board to any person:
(i) Who is a resident of Wyoming or has a place of
business in Wyoming, or as an employee, is regularly employed in
Wyoming; and
(ii) Who has attained the age of majority in Wyoming;
and
(iii) Repealed by Laws 2005, ch. 1, § 2.
(iv) Who has passed a written examination in
accounting and auditing and other related subjects the board
determines to be appropriate; and
(v) Who, prior to January 1, 2012, meets the
requirements of subparagraphs (A) and (B) or subparagraphs (C)
and (D) of this paragraph or, on or after January 1, 2012, meets
the requirements of subparagraphs (C) and (D) of this paragraph:
(A) Earned a baccalaureate degree conferred by a
college or university recognized by the board, with a total
education program to include an accounting concentration or
equivalent as determined to be appropriate by the rules and
regulations of the board, or what the board determines to be
substantially the equivalent of the foregoing;
(B) Completed at least four (4) years of full-
time experience in the practice of public accounting. The
experience shall include providing any type of service or advice
involving the use of accounting skills, any auditing, review or
compilation service, any management advisory or financial
advisory service, or any tax or consulting service. Experience
shall be verified by an active certified public accountant or
the equivalent as determined by the board, or by providing
representative samples of work as determined by the board. The
experience shall be acceptable if it is gained through
employment in government, industry, academia or public
accounting;
(C) Completed at least one hundred fifty (150)
semester hours of college education including a baccalaureate or
higher degree conferred by a college or university acceptable to
the board, the total educational program to include an
accounting concentration or equivalent as determined to be
appropriate by the rules and regulations of the board;
(D) Completed at least one (1) year of full-time
experience in the practice of public accounting. The experience
shall include providing any type of service or advice involving
the use of accounting skills, any auditing, review, or
compilation service, any management advisory or financial
advisory service, or any tax or consulting service. Experience
shall be verified by an active certified public accountant or
the equivalent as determined by the board, or by providing
representative samples of work as determined by the board. The
experience shall be acceptable if it is gained through
employment in government, industry, academia or public
accounting.
(b) Repealed by Laws 1993, ch. 77, § 2.
(c) As used in this act, "the practice of certified public
accounting" means holding oneself out to the public or otherwise
in such a manner as to state or imply that one is:
(i) Skilled in the practice of accounting and
auditing;
(ii) Qualified to express any form of assurance on
financial statements;
(iii) Qualified to express opinions on financial
statements for credit purposes, for use in the courts or for
other purposes involving third party reliance on these financial
statements; or
(iv) Skilled in the provision of any accounting
service including recording and summarizing financial
transactions, analyzing and verifying financial information,
reporting financial results to an employer, clients or other
parties and rendering tax or management advisory services to any
employer, clients or other parties.
(d) There shall be a reasonable annual certificate fee to
be established by board rules in accordance with W.S. 33-1-201.
All certificates shall expire on the last day of December of
each year and may be renewed annually for a period of one (1)
year by certificate holders and registrants who meet the
requirements specified in subsection (e) of this section and
upon payment of the annual fee. In accordance with W.S. 33-1-
201 the board may by rule establish a fee in addition to the
annual certificate fee to reactivate an expired certificate.
(e) Applications for renewal of an active certificate
shall be accompanied by evidence of satisfaction of the
continuing education requirements during the three (3) years
preceding the application. Failure by an individual applicant
to furnish this evidence shall constitute grounds for nonrenewal
under W.S. 33-3-121, unless the board determines the failure is
due to reasonable cause or excusable neglect. The board may
renew a certificate despite the failure to furnish evidence of
satisfaction of the requirements of continuing education upon
the condition that the applicant follow a particular future
program or schedule of continuing education. In issuing rules,
regulations and individual orders regarding requirements of
continuing education, the board may use and rely upon guidelines
and pronouncements of recognized educational and professional
associations, may prescribe the content, duration and
organization of courses, shall take into account the applicant's
access to continuing education courses and any impediments to
the interstate practice of certified public accounting which may
result from differences in these requirements in other states
and may provide for relaxation or suspension of the requirements
for applicants who certify that they do not intend to engage in
the practice of certified public accountancy or for instances of
individual hardship.
(f) Persons holding a certificate issued under W.S. 33-3-
109 or 33-3-116 but who do not practice public accounting in
Wyoming and have not lost the right to active status may place
the certificate on an inactive status. A person with a
certificate on inactive status shall pay an annual inactive fee
not exceeding one-half (1/2) the annual fee charged to active
certificate holders. All inactive status certificates shall
expire on the last day of December of each year and may be
renewed annually for a period of one (1) year. If the fee is not
paid by December 31, a late fee as set by board rule in
accordance with W.S. 33-1-201, may be added to the annual fee.
A person classified as inactive may assume or use the title or
designation "certified public accountant" or the abbreviation
"CPA" and shall use the words "inactive" adjacent to the
designation "CPA" or "certified public accountant".
(g) The board by regulation may allow persons to retire
the certificate. A person classified as retired shall pay a fee
to be established by board rule in accordance with W.S.