North Carolina Administrative Code

21 ncac 08f .0110 PROCTORING OTHER JURISDICTIONS' CANDIDATES History Note: Authority G.S. 93-12; Eff. December 1, 1987; Amended Eff. January 1, 2004; May 1, 1989; Repealed Eff. January 1, 2006.

21 NCAC 08F .0111 INELIGIBILITY DUE TO VIOLATION OF ACCOUNTANCY ACT (a) A person may not be eligible to take the CPA examination or receive a North Carolina certificate of qualification as a CPA if the Board determines that the person has engaged in conduct that would constitute …

21 NCAC 08F .0112 CANDIDATE'S REQUEST TO SIT IN ANOTHER JURISDICTION History Note: Authority G.S. 93-12; Eff. April 1, 1994; Repealed Eff. January 1, 2006.

21 ncac 08f .0113 CANDIDATE'S REQUEST TO REVIEW CPA EXAMINATION The Board may allow a North Carolina candidate pursuant to G.S. 93B-(8) to review his or her CPA Examination within 60 days after the release of the grades in question. History Note: Authority G.S. 93-12(3); Eff. Aug…

21 NCAC 08F .0203 CERTIFICATION FEES History Note: Authority G.S. 93-12(7a); Eff. February 1, 1983; Repealed Eff. October 1, 1984.

SECTION .0300 - EDUCATIONAL REQUIREMENTS FOR EXAMINATION 21 NCAC 08F .0301 GENERAL History Note: Authority G.S. 93-12(3); 93-12(5); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Amended Eff. August 1, 1983; February 1, 1983; June 16, 1980; Repealed Eff. October 1, 198…

21 NCAC 08F .0302 EDUCATION AND WORK EXPERIENCE REQUIRED PRIOR TO CPA EXAM (a) Applicants who intend to demonstrate their possession of sufficient education to become a CPA by showing that they possess a bachelor's degree shall submit official transcripts with their application t…

21 NCAC 08F .0303 SEMESTER HOUR EQUIVALENT One quarter hour of undergraduate study shall equal two-thirds of a semester hour. History Note: Authority G.S. 93-12(5); Eff. October 1, 1984; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. Octob…

21 NCAC 08F .0304 WAIVER OF EDUCATION REQUIRED PRIOR TO EXAMINATION History Note: Authority G.S. 93-12(5); 93-12(7); Eff. June 16, 1980; Amended Eff. September 1, 1983; Recodified from 8F .0406 Eff. October 1, 1984; Amended Eff. January 1, 2006; May 1, 1989; January 1, 1988; July…

21 NCAC 08F .0305 CONCENTRATION IN ACCOUNTING History Note: Authority G.S. 93-12(5); Eff. April 1, 1987; Amended Eff. December 1, 1987; Repealed Eff. May 1, 1989.

SECTION .0400 - EXPERIENCE 21 NCAC 08F .0401 WORK EXPERIENCE REQUIRED OF CANDIDATES FOR CPA CERTIFICATION (a) G.S. 93-12(5)(c) sets forth work experience alternatives, one of which is required of candidates applying for CPA certification. In connection with those requirements, th…

21 NCAC 08F .0402 EXPERIENCE PRIOR TO EXAMINATION History Note: Authority G.S. 93-12(3); 93-12(5); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Amended Eff. April 1, 1987; October 1, 1984; November 19, 1979; March 6, 1979; Repealed Eff. May 1, 1989.

21 NCAC 08F .0405 INTERNSHIPS FOR COLLEGE CREDIT History Note: Authority G.S. 93-12; Eff. February 1, 1976; Readopted Eff. September 26, 1977; Repealed Eff. August 24, 1981.

21 NCAC 08F .0406 EQUIVALENCY EXAMINATIONS History Note: Authority G.S. 93-12(5); Eff. June 16, 1980; Amended Eff. September 1, 1983; Transferred to 21 NCAC 8F .0304 Eff. October 1, 1984.

21 NCAC 08F .0409 SATISFACTION OF EXPERIENCE REQUIREMENT BY TEACHING (a) Teaching Experience. The requirement of "four years experience teaching accounting," G.S. 93-12(5), means teaching accounting full-time for four years. (1) Full-time teaching as described by the rules of the…

21 NCAC 08F .0410 EDUCATION REQUIRED OF CANDIDATES FOR CPA CERTIFICATION (a) G.S. 93-12(5)(a) sets forth the education required of candidates applying for CPA certification. The 150 semester hours required include: (1) a concentration in accounting, as defined by 21 NCAC 08A .030…

SECTION .0500 - APPLICATIONS FOR CERTIFICATES 21 NCAC 08F .0501 RESIDENCY History Note: Authority G.S. 93-12(5); 93-12(6); 93-12(7a); 93-10; Eff. December 1, 1982; Amended Eff. May 1, 1989; December 1, 1984; Repealed Eff. April 1, 1994.

21 NCAC 08F .0502 APPLICATION FOR CPA CERTIFICATE (a) A person applying for a certificate of qualification shall file with the Board an application and an experience affidavit on forms provided by the Board and supporting documentation to determine that the applicant has met the …

21 NCAC 08F .0503 APPLICATION FEE History Note: Authority G.S. 93-12(5); 93-12(7a); Eff. December 1, 1982; Repealed Eff. October 1, 1984.

21 ncac 08f .0504 CANDIDATES' ACCOUNTANCY LAW COURSE REQUIREMENT (a) Within one year prior to applying for certification, all candidates for original or reciprocal certification must pass an open book examination on the North Carolina Accountancy Statutes and Rules, including the…

21 NCAC 08G .0110 INELIGIBILITY DUE TO VIOLATION OF ACCOUNTANCY ACT History Note: Authority G.S. 93-12(5),(9); Eff. June 1, 1985; Amended Eff. June 1, 1988; Repealed Eff. May 1, 1989.

21 NCAC 08G .0111 PUBLIC PRACTICE OF ACCOUNTANCY IN CORPORATE FORM History Note: Authority G.S. 93-8; 93-12(9); Eff. June 1, 1985; Repealed Eff. March 1, 1987.

21 NCAC 08G .0112 DISCIPLINARY ACTIONS FOR VIOLATIONS History Note: Authority G. S. 55B-12; 93-12(9); Eff. September 1, 1986; Amended Eff. March 1, 1990; May 1, 1989; July 1, 1987; Repealed Eff. April 1, 1994.

21 NCAC 08G .0113 REPORTING CONVICTIONS, JUDGMENTS AND DISCIPLINARY ACTIONS History Note: Authority G.S. 55B-12; 93-12(9); Eff. October 1, 1987; Amended Eff. May 1, 1989; February 1, 1988; Repealed Eff. April 1, 1994.

21 NCAC 08G .0114 COOPERATION WITH BOARD INQUIRY History Note: Authority G.S. 55B-12; 93-12(9); Eff. May 1, 1989; Repealed Eff. April 1, 1994.

21 NCAC 08G .0206 ENCROACHMENT History Note: Authority G.S. 93-8; 93-12(9); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Repealed Eff. November 6, 1979.

21 NCAC 08G .0207 OFFERS OF EMPLOYMENT History Note: Authority G.S. 93-8; 93-12(9); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Repealed Eff. August 7, 1978.

21 NCAC 08G .0211 GOVERNMENTAL ACCOUNTING STANDARDS History Note: Authority G.S. 55B-12; 93-12(9); Eff. August 1, 1986; Amended Eff. May 1, 1989; June 1, 1988; July 1, 1987; Repealed Eff. April 1, 1994.

21 NCAC 08G .0212 ATTESTATION STANDARDS History Note: Authority G.S. 55B-12; 93-12(9); Eff. February 1, 1987; Amended Eff. May 1, 1989; June 1, 1988; Repealed Eff. April 1, 1994.

21 NCAC 08G .0213 RETENTION OF CLIENT RECORDS History Note: Authority G.S. 55B-12; 93-12(9); Eff. May 1, 1989; Repealed Eff. April 1, 1994.

21 NCAC 08G .0307 COMPLAINTS History Note: Authority G.S. 55B-12; 93-12(9); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Amended Eff. October 1, 1984; April 1, 1982; June 16, 1980; Repealed Eff. March 1, 1987.

21 NCAC 08G .0308 RESERVED FOR FUTURE CODIFICATION

21 NCAC 08G .0309 RESERVED FOR FUTURE CODIFICATION

21 NCAC 08G .0313 FIRM NAME History Note: Filed as a Temporary Adoption Eff. September 25, 1991 For a Period of 180 Days to Expire on March 22, 1992; Statutory Authority G.S. 55B-5; 93-12(9); Temporary Adoption Expired Eff. March 22, 1992.

SECTION .0400 - CPE REQUIREMENTS 21 NCAC 08G .0401 CPE REQUIREMENTS FOR CPAS (a) In order for a CPA to receive credit for CPE activities: (1) the CPA shall attend or complete the activity and receive a certificate of completion as set forth in the Standards for CPE Program Sponso…

21 NCAC 08G .0402 DEFINITIONS History Note: Authority G.S. 93-12(8b); Eff. May 1, 1981; Amended Eff. January 1, 1989; October 1, 1984; Repealed Eff. May 1, 1989.

21 NCAC 08G .0403 QUALIFICATION OF CPE SPONSORS (a) The Board shall not register CPE activities nor sponsors or providers of CPE activities. (b) CPE providers not in good standing on the NASBA National Registry of CPE Sponsors shall comply with the Standards for CPE Program Spons…

21 NCAC 08G .0404 REQUIREMENTS FOR CPE CREDIT (a) A CPA shall not be granted CPE credit for an activity unless the activity is in one of the fields of study listed in the NASBA Fields of Study, including subsequent amendments and editions, which are hereby incorporated by referen…

21 NCAC 08G .0405 ADMINISTRATION OF REQUIREMENT History Note: Authority G.S. 93-12(8b); Eff. May 1, 1981; Amended Eff. October 1, 1984; January 1, 1982; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 28, 2014; Repealed Eff. January…

21 NCAC 08G .0406 COMPLIANCE WITH CPE REQUIREMENTS (a) All active CPAs shall file a reporting of CPE minutes by the July 1 renewal date of each year. The Board may audit information submitted by licensees who apply for a renewal license. (b) If a CPA fails to complete the CPE req…

21 NCAC 08G .0407 EXEMPTION AND SUBSEQUENT REINSTATEMENT History Note: Authority G.S. 93-12(8b); Eff. May 1, 1981; Amended Eff. September 1, 1988; April 1, 1987; October 1, 1984; August 1, 1984; Repealed Eff. May 1, 1989.

21 NCAC 08G .0408 REQUIRED COURSES ON ACCOUNTANCY LAWS AND RULES History Note: Authority G.S. 93-12(8b); Eff. April 1, 1987; Repealed Eff. April 1, 1988.

21 NCAC 08G .0409 COMPUTATION OF CPE CREDITS (a) Group Activity. CPE credit for a group activity shall be given based on contact minutes. (b) Completing a College Course. CPE credit for completing a college course in the college curriculum shall be granted based on converting the…

21 NCAC 08G .0410 PROFESSIONAL ETHICS AND CONDUCT CPE History Note: Authority G.S. 93-12(3); 93-12(8b); 93-12(9); Eff. January 1, 2005; Amended Eff. January 1, 2014; February 1, 2012; January 1, 2007; January 1, 2006; Readopted Eff. February 1, 2016; Repealed Eff. January 1, 2020…

SUBCHAPTER 08H – RECIPROCITY 21 ncac 08H .0101 RECIPROCAL CERTIFICATES (a) Unless utilizing a practice privilege per G.S. 93-10(a), a person having a CPA certificate from another jurisdiction who desires to utilize the CPA title in this State or offer or render professional servi…

21 NCAC 08H .0102 TEMPORARY PERMIT (a) The Board may grant temporary permits only to applicants for reciprocal certificates pending their qualification under 21 NCAC 8H .0101 and application to the Board on forms provided by the Board. (b) Upon approval of a temporary permit, the…

21 NCAC 08H .0103 APPLICATION FOR TEMPORARY PERMIT History Note: Authority G.S. 93-10; 93-12(6); 93-12(7a); 93-12(8); Eff. February 1, 1976; Readopted Eff. September 26, 1977; Amended Eff. March 1, 1990; May 1, 1989; July 1, 1987; December 1, 1982; Repealed Eff. April 1, 1994.

21 NCAC 08H .0104 NOTICE TO BOARD OF DISCIPLINE BY OTHER AGENCY Any applicant for or holder of a temporary permit or reciprocal certificate issued by this Board shall also comply with the reporting requirements listed in 21 NCAC 8N .0208. History Note: Authority G.S. 93-12(3); Ef…

21 NCAC 08H .0105 USE OF CPA TITLE History Note: Authority G.S. 93-1; Eff. August 1, 1988; Amended Eff. January 1, 2006; April 1, 1991; May 1, 1989; Repealed Eff. July 1, 2010.

21 NCAC 08h .0106 NON-RESIDENT NOTIFICATION History Note: Authority G.S. 93-10; Eff. April 1, 2003; Repealed Eff. July 1, 2010.