Statement of Scope
Accounting Examining Board
Relating to:
|
Education required for
examination and
certification
|
1. Finding/nature of emergency (Emergency Rule only):
N/A
2. Detailed description of the objective of the proposed rule:
The Accounting Examining Board will update ch.
Accy 2
to
revise the educational requirements under which
a candidate
qualifies
to take the
certified public accountant
(
CPA
)
examinatio
n
and
be certified in
Wisconsin as a CPA
.
3. Description of the existing policies relevant to the rule, new policies proposed to be included in the rule, and an analysis of policy alternatives:
Chapter
Ac
cy 2
contains the education
al
requirements for candidates for the
certified public accountant
(
CPA
)
examination and Wisconsin certification
as a CPA.
If the rules are not updated,
some
qualified
candidates
will not meet the education
al
requirements to take the CPA examination or be certified in Wisconsin as a CPA.
4. Detailed explanation of statutory authority for the rule (including the statutory citation and language):
Section
15.08 (5) (b)
, Stats., provides examining boards “shall promulgate rules for its own guidance and for the guidance of the trade or profession to which it pertains. . .”
Section
442.04 (5
)
(b) 3.
, Stats.,
provides the B
oard may not grant a certificate as a certified public accountant to any person other than a person who “has completed at least 150 semester hours of education at an institution that include course work in accounting and business subjects, as determined by the examining board, and has received a bachelor's or higher degree.”
Section
442.04 (5) (b) 4.
, Stats., provides
a person is not eligible to take the CPA examination “unless the person has completed at least 120 semester hours of education at an institution that include course work in accounting and business subjects, as determined by the examining board.”
5. Estimate of amount of time that state employees will spend developing the rule and of other resources necessary to develop the rule:
State employees will spend approximately
80
hours developing the proposed rule.
6. List with description of all entities that may be affected by the proposed rule:
Candidates for the CPA examination and Wisconsin
certification
as a CPA
7. Summary and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule:
None.
8. Anticipated economic impact of implementing the rule (note if the rule is likely to have a significant economic impact on small businesses):
The proposed rule will have minimal to no economic impact on small businesses and the state’s economy as a whole.
