Subchapter V — Experience
Accy 2.401 Review of candidate's experience.
Accy 2.402 Experience evaluation.
Accy 2.403 Public accounting experience.
Accy 2.404 Experience; general.
Accy 2.405 Bookkeeping and elementary individual tax return preparation.
Subchapter VI — Licensure
Accy 2.501 Requirements for renewal and reinstatement of individual licenses.
Subchapter VII — Continuing Professional
Education
Accy 2.602 CPE requirements for certified public accountants.
Accy 2.603 Criteria for acceptance of learning activities.
Accy 2.001 History
History: 2015 Wis. Act 217: cr.
Register May 2016 No. 725, eff. 6-1-16.
Accy 2.002
Accy 2.002
Definitions. In this chapter, except where a different meaning is indicated:
Accy 2.002(1)
(1) “Accredited" means to be listed by an accrediting agency recognized by the secretary of the federal department of education.
Accy 2.002 Note
Note: For a listing of accrediting agencies recognized by the secretary of the federal department of education, see http:/www2.ed.gov/admins/finaid/accred/accreditation_pg6.html.
Accy 2.002(2)
(2) “Bachelor's degree" means a baccalaureate degree normally conferred by universities and colleges at the completion of at least a 4-year, full-time, academic-year program of study.
Accy 2.002 Note
Note: Some students complete the 4-year bachelor's degree in less than 4 years by attending summer school or maximum course loads over a number of academic semesters.
Accy 2.002 History
History: 2015 Wis. Act 217: cr.
Register May 2016 No. 725, eff. 6-1-16;
EmR1713: emerg. am. (intro), eff. 6-23-17;
2017 Wis. Act 88: am. (intro.)
Register December 2017 No. 744, eff. 6-1-17;
CR 17-064: am. (intro.)
Register March 2018 No. 747 eff. 4-1-18.
Accy 2.101
Accy 2.101
Application. A candidate applying for a certificate as a certified public accountant shall apply on an application form provided by the board. The application shall be supported by all of the following:
Accy 2.101(2)(b)
(b) For a candidate who qualifies under s.
Accy 2.202 (2),
(3), or
(4), certified copies of transcripts for all academic work completed at an accredited educational institution that reflect that the candidate has satisfied the requirement under s.
Accy 2.202 (2),
(3), or
(4), whichever is applicable.
Accy 2.101(4)
(4) Evidence that the applicant has successfully passed each section of the Uniform Certified Public Accountant Examination.
Accy 2.101(5)
(5) Successful completion of the open book professional ethics examination on statutes and rules governing the practice of public accounting in Wisconsin as set forth in s.
Accy 2.306.
Accy 2.101 Note
Note: Application forms are available upon request to the board's office at 1400 East Washington Avenue, P.O. Box 8935, Madison WI 53708-8935 or on the Internet at
www.dsps.wi.gov. An applicant with a disability will be provided reasonable accommodations.
Accy 2.101 History
History: Cr.
Register, November, 1993, No. 455, eff. 12-1-93.; r. and recr.
Register, March, 1996, No. 483, eff. 4-1-96; am. (1) (b) 2. and 3.,
Register, January, 1999, No. 517, eff. 2-1-99; correction in (1) (b) 1. to 3. made under s.
13.92 (4) (b) 7., Stats.,
Register April 2015 No. 712;
2015 Wis. Act 217: renum. (title), (intro.), (1), and (2) from Accy 3.05 (title), (1) (intro.), (a) and (b) (intro.), 1. and am. (title), (intro.), (2) cr. (3) to (5)
Register May 2016 No. 725, eff. 6-1-16;
EmR1618: emerg. am. (2), eff. 9-26-16;
EmR1713: emerg. r. and recr. (2), eff. 6-23-17;
2017 Wis. Act 88: r. and recr. (2)
Register December 2017 No. 744, eff. 6-1-17;
CR 17-064: r. and recr. (2) (a), (b), (c),
Register March 2018 No. 747 eff. 4-1-18;
CR 20-041: r. (2) (c)
Register October 2021 No. 790, eff. 11-1-21.
Accy 2.102
Accy 2.102
Expiration of applications. If an applicant for a certificate to practice as a certified public accountant does not comply with a request for information related to his or her application within one year from the date the first request for information was made, the application expires. The applicant may file a new application if his or her application expires under this section.
Accy 2.102 History
History: Cr.
Register, August, 1992, No. 440, eff. 9-1-92;
2015 Wis. Act 217: renum. from Accy 7.07
Register May 2016 No. 725, eff. 6-1-16.
Accy 2.202
Accy 2.202
Education required for certification. A candidate applying for a certificate to practice as a certified public accountant must have earned a bachelor's or higher degree from an accredited educational institution and have satisfied one of the following for purposes of meeting the 150-hour coursework requirement under s.
442.04 (5) (b) 3., Stats.:
Accy 2.202(1)
(1) Earned a master's degree in accounting from an institution, as defined in s.
442.04 (5) (a), Stats., with an accounting program or department accredited by the Association to Advance Collegiate Schools of Business.
Accy 2.202(2)
(2) Earned a bachelor's or higher degree from a business program or college of business accredited by the Association to Advance Collegiate Schools of Business, the International Assembly for Collegiate Business Education, or the Accreditation Council for Business Schools and Programs, and completed at least 24 semester hours in accounting from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:
Accy 2.202(3)
(3) Earned a bachelor's or higher degree from an accredited educational institution and completed all of the following:
Accy 2.202(3)(a)
(a) At least 24 semester hours in accounting from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:
Accy 2.202(3)(b)
(b) At least 24 semester hours in business and economics courses other than accounting courses from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:
Accy 2.202 Note
Note: The courses covering the subjects of financial accounting, cost or managerial accounting, taxation, and auditing under s.
Accy 2.202 (2) or
(3), would generally be courses taken beyond the introduction accounting course required of every business major.
Accy 2.202(4)
(4) Completed coursework that the board determines is reasonably equivalent to the course content and semester hours requirements specified in sub.
(3) (a) and
(b).
Accy 2.202 History
History: 2015 Wis. Act 217: renum. (intro.), (1) from Accy 7.035 (intro.), (2) and am., cr. (1) (a) to (f), (2)
Register May 2016 No. 725, eff. 6-1-16;
EmR1618: emerg. am. (intro.), cr. (3), eff. 9-26-16;
EmR1713: emerg. r. and recr., eff. 6-23-17;
2017 Wis. Act 88: r. and recr.
Register December 2017 No. 744, eff. 6-1-17;
CR 17-064: r. and recr.,
Register March 2018 No. 747 eff. 4-1-18;
CR 20-041: r. (5)
Register October 2021 No. 790, eff. 11-1-21.
Accy 2.301
Accy 2.301
Examination. A candidate for a certified public accountant certificate shall successfully pass the certified public accountant examination set forth in s.
Accy 2.302 and the professional ethics examination set forth in s.
Accy 2.306.
Accy 2.301 History
History: Cr.
Register, November, 1993, No. 455, eff. 12-1-93;
2015 Wis. Act 217: renum. from Accy 3.02 and am.
Register May 2016 No. 725, eff. 6-1-16.
Accy 2.302
Accy 2.302
Certified public accountant examination. Accy 2.302(1)(1)
The subjects covering the discipline of accounting in the certified public accountant examination shall be as provided by the board of examiners of the American Institute of Certified Public Accountants Uniform Certified Public Accountant Examination. The passing grade on each section is 75 or higher.
Accy 2.302(2)
(2) Examinations shall be graded by the board of examiners of the American institute of certified public accountants advisory grading service.
Accy 2.302 History
History: Cr.
Register, November, 1993, No. 455, eff. 12-1-93;
2015 Wis. Act 217: renum. from Accy 3.03 and am. (1)
Register May 2016 No. 725, eff. 6-1-16.
Accy 2.303
Accy 2.303
Education required for examination. A candidate for the certified public accountant examination must have satisfied one of the following for purposes of meeting the 120-hour coursework requirement under s.
442.04 (5) (b) 4., Stats.:
Accy 2.303(2)
(2) Satisfied the course content and semester hours requirements specified in s.
Accy 2.202 (3) (a) and
(b), or completed coursework that the board determines is reasonably equivalent to those requirements.
Accy 2.303 History
History: Cr.
Register, November, 1993, No. 455, eff. 12-1-93. r. and recr.
Register, March, 1996, No. 483, eff. 4-1-96;
2015 Wis. Act 217: renum. from Accy 3.04 and am.
Register May 2016 No. 725, eff. 6-1-16;
EmR1618: emerg. am., eff. 9-26-16;
EmR1713: emerg. r. and recr., eff. 6-23-17;
2017 Wis. Act 88: r. and recr.
Register December 2017 No. 744, eff. 6-1-17
; CR 17-064: r. and recr.,
Register March 2018 No. 747 eff. 4-1-18;
CR 20-041: r. (3)
Register October 2021 No. 790, eff. 11-1-21.
Accy 2.304(1)(1)
A candidate shall be allowed to sit for each section of the uniform certified public accountant examination individually.
Accy 2.304(2)
(2) A candidate shall retain credit for any section passed for 18 months. A candidate may retake a section once the grade for the previous attempt of the same section has been released.
Accy 2.304(3)
(3) A candidate must pass all sections of the uniform certified public accountant examination within a rolling 18-month period that begins on the date that the first section is passed.
Accy 2.304(4)
(4) If any section of the uniform certified public accountant examination is not passed within the rolling 18-month period, credit for any section passed outside the 18-month period shall expire and that section shall be retaken.
Accy 2.304(5)
(5) The board may on a case-by-case basis extend the 18-month period of credit for sections of the Uniform CPA Examination passed, or the duration of the 18-month rolling period, upon the applicant showing to the board's satisfaction that the inability to pass all sections of the examination within the 18-month period was due to one of the following:
Accy 2.304(5)(a)
(a) The sickness of the candidate or a member of the candidate's immediate family if the candidate substantiates the illness by a doctor's certificate.
Accy 2.304(5)(b)
(b) A death in the candidate's immediate family if the candidate provides proof of death.
Accy 2.304 Note
Note: An example of a good reason deemed acceptable by the board includes possible delays during NASBA's launching of the new CPA examination in January 2024; therefore, any candidate with Uniform CPA Examination credit(s) on January 1, 2024, will have such credit(s) automatically extended to June 30, 2025.
Accy 2.304 History
History: Cr.
Register, November, 1993, No. 455, eff. 12-1-93;
CR 02-149: r. and recr.
Register October 2003 No. 574, eff. 11-1-03;
2015 Wis. Act 217: renum. from Accy 3.06 and am. (title), (1), (3), (4)
Register May 2016 No. 725, eff. 6-1-16;
CR 19-160: am. (2)
Register June 2020 No. 774, eff. 7-1-20;
CR 21-013: cr. (5)
Register December 2021 No. 792, eff. 1-1-22.
Accy 2.305(1)(1)
Cheating on the certified public accountant examination is a serious breach of integrity and indicates a lack of good professional character. Cheating on an examination includes any of the following:
Accy 2.305(1)(a)
(a) Communications concerning an examination being taken between candidates inside or outside of the examination room, or copying another's answers.
Accy 2.305(1)(b)
(b) Communications concerning an examination being taken with accomplices outside of the examination room.
Accy 2.305(1)(c)
(c) Substitution by a candidate of another person to sit in the examination room for the candidate and take one or more of the examination questions for the candidate.
