AB725,19,6 24Accy 2.303 Education required for examination . A candidate for the
25certified public accountant examination must possess a bachelor's or higher degree

1with a resident major in accounting, as defined in s. Accy 7.02 (3), or the reasonable
2equivalence of a resident major in accounting, as defined in s. Accy 7.03 (1), or
3reasonably expect to receive a degree with a resident major in accounting or its
4reasonable equivalence within 45 days following the date of examination
complete
5120 semester hours of education, including courses covering each of the subjects and
6the semester hours specified in s. Accy 2.202 (1) and (2)
.
AB725,43 7Section 43. Accy 3.05 (title) and (1) (intro.) and (a) of the administrative code
8are renumbered Accy 2.101 (title), (intro.) and (1), and Accy 2.101 (title) and (intro.),
9as renumbered, are amended to read:
AB725,19,14 10Accy 2.101 (title) Examination application Application. (intro.) A
11candidate for the certified public accountant examination applying for a certificate
12as a certified public accountant
shall apply on an application form provided by the
13board and file the application in the board office no later than 60 days prior to the
14examination date
. The application shall be supported by all of the following:
AB725,44 15Section 44. Accy 3.05 (1) (b) (intro.) and 1. of the administrative code are
16consolidated, renumbered Accy 2.101 (2) and amended to read:
AB725,19,2317 Accy 2.101 (2) Proof of fulfilling the educational requirements specified in s.
18Accy 2.202 and s. 442.04 (5), Stats.
, by submitting either: 1. Certified certified copies
19of transcripts for all academic work completed at an institution, as defined in s.
20442.04 (5) (a), Stats., at least one of which must reflect the award of a bachelor's or
21higher degree, if the candidate has graduated prior to filing the application and the
22completion of 150 semester hours, including in courses covering each of the subjects
23and the semester hours specified in s. Accy 2.202 (1) and (2)
.
AB725,45 24Section 45. Accy 3.05 (1) (b) 2. and 3. and (c), (2) and (3) of the administrative
25code are repealed.
AB725,46
1Section 46. Accy 3.05 (3) (Note) of the administrative code is repealed.
AB725,47 2Section 47. Accy 3.055 of the administrative code is repealed.
AB725,48 3Section 48. Accy 3.06 of the administrative code is renumbered Accy 2.304,
4and Accy 2.304 (title), (1), (3) and (4), as renumbered, are amended to read:
AB725,20,7 5Accy 2.304 (title) Examination Candidates for examination. (1) A
6candidate shall be allowed to sit for each section of the uniform certified public
7accountant examination individually and in any order.
AB725,20,10 8(3) A candidate must pass all 4 sections of the uniform certified public
9accountant examination within a rolling 18-month period which that begins on the
10date that the first section is passed.
AB725,20,14 11(4) If all 4 sections any section of the uniform certified public accountant
12examination are is not passed within the rolling 18-month period, credit for any
13section passed outside the 18-month period shall expire and that section shall be
14retaken.
AB725,49 15Section 49. Accy 3.07 of the administrative code is repealed.
AB725,50 16Section 50. Accy 3.08 of the administrative code is repealed.
AB725,51 17Section 51. Accy 3.09 of the administrative code is renumbered Accy 2.305,
18and Accy 2.305 (1) (intro.), (a) to (d), (2) and (4), as renumbered, are amended to read:
AB725,20,2119 Accy 2.305 (1) (intro.) Cheating on the certified public accountant examination
20is a serious breach of integrity and indicates a lack of good professional character.
21Cheating on an examination includes, but is not limited to any of the following:
AB725,20,2322 (a) Communications concerning an examination being written taken between
23candidates inside or outside of the examination room, or copying another's answers.
AB725,20,2524 (b) Communications concerning an examination being written taken with
25accomplices outside of the examination room.
AB725,21,3
1(c) Substitution by a candidate of another person to sit in the examination room
2for the candidate and write take one or more of the examination questions or papers
3for the candidate.
AB725,21,74 (d) Reference to "crib notes," test books, electronic media, or other materials,
5other than those provided to the candidate as part of the examination,
inside or
6outside of the examination room during periods examinations are being written
7taken.
AB725,21,19 8(2) Penalties imposed by the board for cheating on the examination shall be
9related to the seriousness of the offense. Cheating which that was planned in
10advance is the most serious offense. Penalties may include the entering of a failing
11grade on all sections written taken for the examinations in which cheating occurred
12and suspension of the right to write take the next scheduled examination after the
13examination in which cheating occurred or to the entering of a failing grade on all
14sections written for the examinations in which cheating occurred and suspension of
15the right to write for as many as the next 6 scheduled examinations after the
16examination in which cheating occurred
. Time within which conditional credit
17previously earned for passing part of the examination may be extended by board
18action in situations where penalties are levied, and by as long as the period of
19suspension.
AB725,21,22 20(4) Other jurisdictions to which a candidate may apply to write take the
21certified public accountant examination during a period of suspension of the right to
22write take the examination shall be notified of the penalty levied in Wisconsin.
AB725,52 23Section 52. Accy 3.10 of the administrative code is renumbered Accy 2.306.
AB725,53 24Section 53. Subchapter II (title) of chapter Accy 3 [precedes Accy 3.101] of the
25administrative code is created to read:
AB725,22,1
1chapter accy 3
AB725,22,22 subchapter II
AB725,22,33 certification by endorsement
AB725,54 4Section 54. Accy 3.11 of the administrative code is renumbered Accy 2.307,
5and Accy 2.307 (1), as renumbered, is amended to read:
AB725,22,96 Accy 2.307 (1) Applicants An applicant for the certified public accountant
7examination may request a review of their examination papers from the American
8Institute of certified public accountants advisory grading service
his or her
9examination from the National Association of State Boards of Accountancy
.
AB725,55 10Section 55. Subchapter III (title) of chapter Accy 3 [precedes Accy 3.201] of the
11administrative code is created to read:
AB725,22,1212 chapter accy 3
AB725,22,1313 subchapter IIi
AB725,22,1414 foreign endorsement candidates
AB725,56 15Section 56. Chapter Accy 4 (title) of the administrative code is repealed and
16recreated to read:
AB725,22,1717 chapter accy 4
AB725,22,1818 enforcement
AB725,57 19Section 57. Subchapter I of chapter Accy 4 [precedes Accy 4.001] of the
20administrative code is created to read:
AB725,22,2121 chapter accy 4
AB725,22,2222 subchapter i
AB725,22,2323 authority
AB725,22,25 24Accy 4.001 Authority. The rules in this chapter are adopted pursuant to the
25authority in ss. 15.08 (5) (b), 227.11 (2) and 442.12, Stats.
AB725,58
1Section 58. Accy 4.01 of the administrative code is renumbered Accy 5.301.
AB725,59 2Section 59. Accy 4.02 of the administrative code is renumbered Accy 5.101 and
3amended to read:
AB725,23,9 4Accy 5.101 Firm license. A firm shall meet the ownership requirements of
5s. 442.08 (2) (c) 2., Stats., and be licensed as a certified public accountant if any
6member of the firm practices as a certified public accountant in Wisconsin other than
7on a temporary basis as described in s. 442.025 (4), Stats
. An individual licensed as
8a CPA may only provide attest services, as defined in s. 442.001 (1), Stats., in a CPA
9firm that has a firm license
.
AB725,60 10Section 60. Accy 4.03 of the administrative code is renumbered Accy 5.201.
AB725,61 11Section 61. Accy 4.035 of the administrative code is repealed.
AB725,62 12Section 62. Accy 4.037 of the administrative code is renumbered Accy 5.102,
13and Accy 5.102 (3) (d), as renumbered, is amended to read:
AB725,23,1514 Accy 5.102 (3) (d) That the applicant has satisfied the peer review
15requirements in s. 442.087, Stats., and ch. Accy 9 6.
AB725,63 16Section 63. Accy 4.04 of the administrative code is renumbered Accy 5.302 and
17amended to read:
AB725,23,22 18Accy 5.302 Firms without office in this state. Firms without a bona fide
19office in this state, as described in s. Accy 4.06 5.303 (2), may be licensed if there is
20a licensed Wisconsin certified public accountant designated as the individual
21responsible for the firm's compliance with ch. 442, Stats., for the Wisconsin
22engagement or engagements.
AB725,64 23Section 64. Accy 4.05 of the administrative code is renumbered Accy 5.103.
AB725,65 24Section 65. Accy 4.06 of the administrative code is renumbered Accy 5.303.
AB725,66
1Section 66. Accy 4.07 (title) of the administrative code is renumbered Accy
25.401 (title) and amended to read:
AB725,24,3 3Accy 5.401 (title) Change in member members of a firm.
AB725,67 4Section 67. Accy 4.07 (1) of the administrative code is renumbered Accy 5.401
5(1) (intro.) and amended to read:
AB725,24,86 Accy 5.401 (1) (intro.) The board is to shall be notified by the firm in writing
7of changes in the member members of the firm or firm name or any of the following
8no later than 30 days after the change.:
AB725,68 9Section 68. Accy 4.07 (2) of the administrative code is renumbered 5.401 (3).
AB725,69 10Section 69. Subchapter II of chapter Accy 4 [precedes Accy 4.101] of the
11administrative code is created to read:
AB725,24,1212 chapter accy 4
AB725,24,1313 subchapter iI
AB725,24,1414 discipline
AB725,24,16 15Accy 4.101 Grounds for discipline. Grounds for discipline include all of the
16following:
AB725,24,19 17(1) Engaging in dishonesty, fraud, or deceit in obtaining a certificate or license,
18including submitting to the board any evidence known to be false or forged in, or in
19support of, an application for a certificate or license or cheating on an examination.
AB725,24,21 20(2) Knowingly making misleading, deceptive, or untrue representations in the
21performance of services.
AB725,24,23 22(3) Using the CPA title or providing attest services in this state without a
23certificate or license or without properly qualifying to practice across state lines.
AB725,24,25 24(4) Using or attempting to use a certificate or license that has been suspended
25or revoked.
AB725,25,2
1(5) Making any false, misleading, or deceptive statement in support of an
2application for a license filed by another person.
AB725,25,6 3(6) Failing to comply with professional standards as to the attest or compilation
4competency requirements for those who supervise attest or compilation
5engagements and sign reports on financial statements or other compilation
6communications with respect to financial statements.
AB725,25,8 7(7) Failing to comply with the applicable peer review requirements set out in
8ch. Accy 6.
AB725,25,12 9(8) Engaging in conduct reflecting adversely upon the licensee's fitness to
10perform services, including conduct constituting incompetence. In this subsection,
11"conduct constituting incompetence" includes gross negligence, recklessness, or
12repeated acts of negligence in the licensee's record of professional practice.
AB725,25,16 13(9) Engaging in professional practice while having any condition, whether
14physical or mental, that endangers the public by impairing skill and care in
15providing professional services. Evidence of such a condition includes evidence that
16the person has been adjudicated as mentally incompetent.
AB725,25,17 17(10) Presenting a license issued to another person as one's own.
AB725,25,19 18(11) Concealing information regarding violations by other licensees when
19questioned or requested by the board.
AB725,26,2 20(12) Willfully failing to file a report or record required by state or federal law;
21willfully impeding or obstructing the filing of such a report or record or inducing
22another person to impede or obstruct such filing by another person; or making or
23filing such a report or record that one knows to be false. A finding, adjudication,
24consent order, or conviction by a federal or state court, agency, or regulatory
25authority or by the Public Company Accounting Oversight Board that a licensee has

1willfully failed to file a required report or record shall be prima facie evidence of a
2violation of this subsection.
AB725,26,8 3(13) Having an active or stayed revocation or suspension of any occupational
4license or other privilege to practice any licensed occupation by or before any state,
5federal, foreign, or other licensing or regulatory authority, provided that the grounds
6for the revocation or suspension include wrongful conduct such as fraud, dishonesty,
7or deceit or any other conduct that evidences an unfitness of the applicant to practice
8public accountancy.
AB725,70 9Section 70. Chapter Accy 5 (title) of the administrative code is repealed and
10recreated to read:
AB725,26,1111 chapter accy 5
AB725,26,1212 firm licensure
AB725,71 13Section 71. Accy 5.01 (title) of the administrative code is renumbered Accy
142.401 (title) and amended to read:
AB725,26,15 15Accy 2.401 (title) Review dates of candidate's experience.
AB725,72 16Section 72. Accy 5.01 of the administrative code is renumbered Accy 2.401 (1)
17and amended to read:
AB725,27,218 Accy 2.401 (1) Following the successful passing of the written each section of
19the
uniform CPA examination and upon written request by a candidate, a candidate's
20experience shall be reviewed by the board. The written request shall include
21employer verification statements and information on experience to update the
22experience data already in the candidate's file. Such evaluation will determine
23whether the candidate qualifies at that time under the requirement of having at least
24one year of public accounting experience or its equivalent, the sufficiency of the
25experience or the equivalency to be judged by the examining board. The board shall

1inform the candidate if additional experience is needed. Upon gaining the required
2additional experience, the candidate shall notify the board and provide verification.
AB725,73 3Section 73. Accy 5.02 of the administrative code is renumbered Accy 2.402.
AB725,74 4Section 74. Accy 5.03 of the administrative code is renumbered Accy 2.403 and
5amended to read:
AB725,27,13 6Accy 2.403 Public accounting experience. An individual must have at
7least one year of public accounting experience or its equivalent as determined by the
8board. Experience shall be acquired after the applicant has earned a degree
9described in s. 442.04 Stats., that qualifies the applicant to take the CPA
10examination
120 semester hours of education from an accredited college or
11university, including courses covering each of the subjects and the semester hours
12specified in s. Accy 2.202 (1) and (2). This experience must have been acquired within
135 years prior to applying for the certification as a certified public accountant
.
AB725,75 14Section 75. Accy 5.04 of the administrative code is renumbered Accy 2.404.
AB725,76 15Section 76. Accy 5.05 of the administrative code is renumbered Accy 2.405.
AB725,77 16Section 77. Accy 5.06 of the administrative code is repealed.
AB725,78 17Section 78. Accy 5.07 of the administrative code is renumbered Accy 2.406.
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