Accy 2.406 Accy 2.406 Judgment. Experience evaluations are based on the judgment of the board.

Accy 2.406 History History: Cr. Register, December, 1974, No. 228, eff. 1-1-75; renum. from Accy 5.11, Register, October, 1976, No. 250, eff. 11-1-76; CR 03-071: renum. from Accy 5.12 and am. Register May 2004 No. 581, eff. 6-1-04; 2015 Wis. Act 217: renum. from Accy 5.07 Register May 2016 No. 725, eff. 6-1-16.

subch. VI of ch. Accy 2 Subchapter VI — Licensure

Accy 2.501 Accy 2.501 Requirements for renewal and reinstatement of individual licenses.

Accy 2.501(1) (1) Renewal before 5 years. An individual certified public accountant who files an application for renewal of a license within 5 years after the renewal date may renew his or her license by filing with the board all of the following:

Accy 2.501(1)(a) (a) An application for renewal on a form prescribed by the department that includes the applicant’s representation under penalties of perjury that, during the 2-year period immediately preceding the date of application, the applicant has completed at least 80 continuing professional development credits meeting the requirements under s. Accy 2.602.

Accy 2.501(1)(b) (b) The fee determined by the department under s. 440.03 (9) (a), Stats., and the applicable late renewal fee specified in s. 440.08 (3) (a), Stats.

Accy 2.501(2) (2) Renewal after 5 years. An individual certified public accountant who files an application for renewal of a license 5 years or more after the renewal date may renew his or her license by filing with the board all of the following:

Accy 2.501(2)(a) (a) An application for renewal on a form prescribed by the department that includes the applicant’s representation under penalties of perjury that, during the one-year period immediately preceding the date of application, the applicant has completed at least 120 continuing professional development credits meeting the requirements under s. Accy 2.602.

Accy 2.501(2)(b) (b) The fee determined by the department under s. 440.03 (9) (a), Stats., and the applicable late renewal fee specified in s. 440.08 (3) (a), Stats.

Accy 2.501(2)(c) (c) Verification of successful completion of examinations specified in s. Accy 2.301 or education specified in s. Accy 2.202 or both as may be prescribed by the board.

Accy 2.501(3) (3) Reinstatement.

Accy 2.501(3)(a) (a) Notwithstanding the board’s authority under s. 442.12 (1) (g), Stats., to grant a hearing pursuant to an application in writing and notice, an individual certified public accountant who has a license with unmet disciplinary requirements and who has failed to renew the license within 5 years after the renewal date, or an individual whose license has been surrendered or revoked, may apply for reinstatement of his or her license. The request shall be in writing and be accompanied by all of the following:

Accy 2.501(3)(a)1. 1. The materials and fee specified in sub. (2) (a) to (c).

Accy 2.501(3)(a)2. 2. Evidence of completion of disciplinary requirements, if applicable.

Accy 2.501(3)(a)3. 3. Evidence of rehabilitation or change in circumstances warranting reinstatement of the credential.

Accy 2.501(3)(b) (b) The board shall grant reinstatement of a license following an application for reinstatement under par. (a) if the board determines the individual has satisfied the requirements under par. (a) 1. to 3. and the board determines reinstatement is warranted.

Accy 2.501 History History: 2015 Wis. Act 217: cr. Register May 2016 No. 725, eff. 6-1-16; CR 19-049: am. (1) (a), (2) (a) Register November 2019 No. 767, eff. 12-15-19.

subch. VII of ch. Accy 2 Subchapter VII — Continuing Professional
Education

Accy 2.601 Accy 2.601 Definitions. In this subchapter:

Accy 2.601(1) (1) “Compliance period” means the 2-year period immediately preceding the renewal date under s. 440.08 (2) (a) 1., Stats.

Accy 2.601(2) (2) “CPE” means continuing professional education.

Accy 2.601(3) (3) “Inactive certificate holder” means an individual who holds an unrevoked certificate as a certified public accountant granted under s. 442.04 (1), Stats., and who does not hold a current license to practice as a certified public accountant issued under s. 442.08 (1), Stats.

Accy 2.601 History History: CR 19-049: cr. Register November 2019 No. 767, eff. 12-15-19.

Accy 2.602 Accy 2.602 CPE requirements for certified public accountants.

Accy 2.602(1) (1) Completion of CPE credits. During each compliance period, a licensee shall complete at least 80 CPE credits that contribute to growth in professional knowledge and professional competence. At least 20 CPE credits shall be completed during each 12-month period of each compliance period. The 80 CPE credits shall include not less than 40 CPE credits from formal learning activities meeting the requirements under s. Accy 2.603 (1) and (2).

Accy 2.602(2) (2) CPE related to ethics. Three of the CPE credits from formal learning activities required under sub. (1) or (5) shall be on the subject of ethics.

Accy 2.602(3) (3) Credit for formal and informal learning activities. Fifty minutes of participation in a formal or informal learning activity is equal to one CPE credit. CPE credits may be claimed in increments of one-tenth of a credit, which is equal to 5 minutes of participation in a formal or informal learning activity.

Accy 2.602(4) (4) Credit for CPE from another jurisdiction. A licensee holding a current unrevoked CPA license issued by any other United States CPA licensing jurisdiction shall meet the requirements under subs. (1) and (2) if the licensee is in compliance with the continuing professional education or continuing professional development CPA licensing requirements of the jurisdiction in which the other license is held.