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Register November 2011 No. 671
Chapter Accy 3
EXAMINATIONS
Accy 3.01 Authority.
Accy 3.02 Examinations.
Accy 3.03 Certified public accountant examination.
Accy 3.04 Education.
Accy 3.05 Examination application.
Accy 3.055 Verification of graduation after examination; release or invalidation of examination scores.
Accy 3.06 Examination.
Accy 3.07 Transition rules.
Accy 3.08 Examination grades of other states.
Accy 3.09 Cheating on examination.
Accy 3.10 Professional ethics examination.
Accy 3.11 Examination review.
Ch. Accy 3 Note Note: Chapter Accy 3 as it existed on November 30, 1993 was repealed and a new chapter Accy 3 was created effective December 1, 1993.
Accy 3.01 Accy 3.01 Authority. The rules in this chapter are adopted pursuant to the authority in ss. 15.08 (5) (b), 227.11 (2) and 442.04 (5), Stats.
Accy 3.01 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93.
Accy 3.02 Accy 3.02 Examinations. A candidate for a certified public accountant certificate shall successfully pass the certified public accountant examination set forth in s. Accy 3.03 and the professional ethics examination set forth in s. Accy 3.10.
Accy 3.02 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93.
Accy 3.03 Accy 3.03 Certified public accountant examination.
Accy 3.03(1)(1) The subjects covering the discipline of accounting in the certified public accountant examination shall be as provided in the 4 sections of the board of examiners of the American institute of certified public accountants uniform certified public accountant examination. The passing grade on each section is 75 or higher.
Accy 3.03 Note Note: The 4 sections of the examination are Accounting Practice (Part I and Part II), Accounting Theory, Auditing, and Business Law. Commencing with the examination to be given in May, 1994, the 4 sections of the examination will be Accounting and Reporting, Financial Accounting and Reporting, Auditing, and Business Law and Professional Responsibilities.
Accy 3.03(2) (2) Examinations shall be graded by the board of examiners of the American institute of certified public accountants advisory grading service.
Accy 3.03 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93.
Accy 3.04 Accy 3.04 Education. A candidate for the certified public accountant examination must possess a bachelor's or higher degree with a resident major in accounting, as defined in s. Accy 7.02 (3), or the reasonable equivalence of a resident major in accounting, as defined in s. Accy 7.03 (1), or reasonably expect to receive a degree with a resident major in accounting or its reasonable equivalence within 45 days following the date of examination.
Accy 3.04 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93. r. and recr. Register, March, 1996, No. 483, eff. 4-1-96.
Accy 3.05 Accy 3.05 Examination application.
Accy 3.05(1) (1) A candidate for the certified public accountant examination shall apply on an application form provided by the board and file the application in the board office no later than 60 days prior to the examination date. The application shall be supported by all of the following:
Accy 3.05(1)(a) (a) The appropriate fee authorized in s. 440.05, Stats.
Accy 3.05(1)(b) (b) Proof of fulfilling the educational requirements, by submitting either:
Accy 3.05(1)(b)1. 1. Certified copies of transcripts for all academic work completed at an institution, as defined in s. 442.04 (4) (a), Stats., at least one of which must reflect the award of a bachelor's or higher degree, if the candidate has graduated prior to filing the application.
Accy 3.05(1)(b)2. 2. Verification from an institution, as defined in s. 442.04 (4) (a), Stats., that the candidate is expected to graduate with a resident major in accounting within 60 days following the examination date.
Accy 3.05(1)(b)3. 3. Certified copies of transcripts for all academic work completed at an institution, as defined in s. 442.04 (4) (a), Stats., a list of all courses in which the candidate is currently enrolled, and verification from the institution that the candidate is expected to graduate within 60 days following the examination date, if the candidate expects to receive the reasonable equivalence of a resident major in accounting.
Accy 3.05(1)(c) (c) Request for accommodation of disability, if applicable.
Accy 3.05(2) (2) The board shall notify a candidate of the examination site when the completed application has been accepted by the board.
Accy 3.05(3) (3) Applicants who have the educational requirements by the application deadline may apply to take the next scheduled examination, but no certified public accountant certificate may be issued until all other requirements are met.
Accy 3.05 Note Note: Application forms are available upon request to the board office located at 1400 East Washington Avenue, P.O. Box 8935, Madison, WI 53708.
Accy 3.05 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.
Accy 3.055 Accy 3.055 Verification of graduation after examination; release or invalidation of examination scores.
Accy 3.055(1)(1) A candidate permitted to sit for the examination upon the basis of reasonably expecting to receive a bachelor's or higher degree with a resident major in accounting or the reasonable equivalence of a resident major in accounting within 60 days following the examination must submit certified copies of transcripts for all academic work completed at an institution, at least one of which must reflect the award of a bachelor's or higher degree, to the board office within 120 days following the date of the examination.
Accy 3.055(2) (2) The examination scores of a candidate who fails to submit the required documentation shall not be released until the required documentation is submitted.
Accy 3.055(3) (3) A candidate who fails to receive a bachelor's or higher degree with a resident major in accounting or the reasonable equivalence of a resident major in accounting within 60 days following the examination shall be deemed ineligible to have taken the examination, and the scores shall be deemed null and void.
Accy 3.055 History History: Cr. Register, March, 1996, No. 483, eff. 4-1-96; am. (1) and (3), Register, January, 1999, No. 517, eff. 2-1-99.
Accy 3.06 Accy 3.06 Examination.
Accy 3.06(1)(1) A candidate shall be allowed to sit for each section of the uniform certified public accountant examination individually and in any order.
Accy 3.06(2) (2) A candidate shall retain credit for any section passed for 18 months. A candidate may not retake a failed section within the same calendar quarter.
Accy 3.06(3) (3) A candidate must pass all 4 sections of the uniform certified public accountant examination within a rolling 18-month period which begins on the date that the first section is passed.
Accy 3.06(4) (4) If all 4 sections of the uniform certified public accountant examination are not passed within the rolling 18-month period, credit for any section passed outside the 18-month period shall expire and that section shall be retaken.
Accy 3.06 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93; CR 02-149: r. and recr. Register October 2003 No. 574, eff. 11-1-03.
Accy 3.07 Accy 3.07 Transition rules.
Accy 3.07(1)(1) In this section the transition period means the 18-month period of time that begins with the first month that the computer-based examination is offered.
Accy 3.07(2) (2) A candidate who has attained credit for paper-based examination sections passed as of the start of the transition period shall be allowed a transition period to complete any remaining sections of the certified public accountant examination during the transition.
Accy 3.07(3) (3) If a candidate does not pass all remaining sections during the transition period, credits earned under the paper-and-pencil examination will expire.
Accy 3.07(4) (4) Any section passed during the transition period is subject to the granting of credit provisions in s. Accy 3.06.
Accy 3.07(5) (5) A candidate passing the auditing section on the paper-and-pencil examination shall be deemed to have passed the auditing and attestation section of the computer-based examination.
Accy 3.07(6) (6) A candidate passing the financial accounting and reporting section on the paper-and-pencil examination shall be deemed to have passed the financial accounting and reporting section of the computer-based examination.
Accy 3.07(7) (7) A candidate passing the accounting and reporting section on the paper-and-pencil examination shall be deemed to have passed the regulation section of the computer-based examination.
Accy 3.07(8) (8) A candidate passing the business law and professional responsibilities section on the paper-and-pencil examination shall be deemed to have passed the environment and concepts section of the computer-based examination.
Accy 3.07 History History: Cr. Register, November, 1993, No. 455, eff. 12-1-93; am. Register, August, 1995, No. 476, eff. 9-1-95; CR 02-149: r. and recr. Register October 2003 No. 574, eff. 11-1-03.
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