Alert! This chapter may be affected by an emergency rule:
Register May 2016 No. 725
Chapter Accy 2
INDIVIDUAL CERTIFICATION AND
LICENSURE
Subchapter I — Authority and Definitions
Accy 2.001   Authority.
Accy 2.002   Definitions.
Subchapter II — Application for Certification of Individuals
Accy 2.101   Application.
Accy 2.102   Expiration of applications.
Subchapter III — Education
Accy 2.202   Education required for certification.
Subchapter IV — Examination
Accy 2.301   Examinations.
Accy 2.302   Certified public accountant examination.
Accy 2.303   Education required for examination.
Accy 2.304   Candidates for examination.
Accy 2.305   Cheating on examination.
Accy 2.306   Professional ethics examination.
Accy 2.307   Examination review.
Accy 2.308   Transfer of scores.
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.
Accy 2.406   Judgment.
Subchapter VI — Licensure
Accy 2.501   Requirements for renewal and reinstatement of individual licenses.
subch. I of ch. Accy 2 Subchapter I — Authority and Definitions
Accy 2.001 Accy 2.001Authority. The rules in this chapter are adopted under the authority in ss. 15.08 (5) (b), 227.11 (2), and 442.04, Stats.
Accy 2.001 History History: 2015 Wis. Act 217: cr. Register May 2016 No. 725, eff. 6-1-16.
Accy 2.002 Accy 2.002Definitions. In this chapter:
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.
subch. II of ch. Accy 2 Subchapter II — Application for Certification of Individuals
Accy 2.101 Accy 2.101Application. 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(1) (1) The appropriate fee authorized in s. 440.05, Stats.
Accy 2.101(2) (2) Proof of fulfilling the educational requirements specified in s. Accy 2.202 and s. 442.04 (5), Stats., by submitting certified copies of transcripts for all academic work completed at an institution, as defined in s. 442.04 (5) (a), Stats., at least one of which must reflect the award of a bachelor's or higher degree and the completion of 150 semester hours, including in courses covering each of the subjects and the semester hours specified in s. Accy 2.202 (1) and (2).
Accy 2.101(3) (3) Evidence of at least one year of public accounting experience as required by s. Accy 2.403 and s. 442.04 (5) (b) 5., Stats.
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.
Accy 2.102 Accy 2.102Expiration 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.
subch. III of ch. Accy 2 Subchapter III — Education
Accy 2.202 Accy 2.202Education required for certification. A candidate applying for a certificate to practice as a certified public accountant must, in the course of having completed the 150 semester hours of education have earned a baccalaureate or graduate degree from an accredited business school or college of business and completed all of the following:
Accy 2.202(1) (1) At least 24 semester hours in accounting at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, including at least one course in each of the following subjects:
Accy 2.202(1)(a) (a) Intermediate financial accounting.
Accy 2.202(1)(b) (b) Advanced financial accounting.
Accy 2.202(1)(c) (c) Cost or managerial accounting.
Accy 2.202(1)(d) (d) Taxation.
Accy 2.202(1)(e) (e) Auditing.
Accy 2.202(1)(f) (f) Accounting information systems.
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Published under s. 35.93, Stats. Updated on the first day of each month. Entire code is always current. The Register date on each page is the date the chapter was last published.