Education Requirements -- Definition

(1) An applicant for initial licensure as a certified public accountant must have: (a) graduated from an accredited college or university with a baccalaureate degree; and (b) met the requirements for accounting and business course credit hours specified by board rule. (2) (a) A licensee shall obtain continuing education credits as provided by board and department rule. (b) If an audit conducted under 37-1-306 results in more than 15% of the audited licensees being noncompliant before the department administers the provisions of 37-1-321, in the subsequent audit year the board may audit up to 100% of the licensees. (3) For the purposes of this section, "initial licensure" means that the applicant has never been licensed as a certified public accountant by any jurisdiction.