SB532,32
1Section 32. Subchapter V (title) of chapter Accy 2 [precedes Accy 2.401] of the
2administrative code is created to read:
SB532,16,33 chapter accy 2
SB532,16,44 subchapter v
SB532,16,55 experience
SB532,33 6Section 33. Accy 2.401 (2) of the administrative code is created to read:
SB532,16,97 Accy 2.401 (2) Experience may consist of providing any type of services or
8advice using accounting, attest, compilation, management advisory, financial
9advisory, tax, or related consulting skills.
SB532,34 10Section 34. Subchapter VI (title) of chapter Accy 2 [precedes Accy 2.501] of the
11administrative code is created to read:
SB532,16,1212 Chapter accy 2
SB532,16,1313 subchapter VI
SB532,16,1414 LICENSURE
SB532,35 15Section 35. Accy 2.501 of the administrative code is created to read:
SB532,16,19 16Accy 2.501 Requirements for renewal and reinstatement of individual
17licenses. (1)
Renewal before 5 years. An individual certified public accountant
18who files an application for renewal of a license within 5 years after the renewal date
19may renew his or her license by filing with the board all of the following:
SB532,16,2020 (a) An application for renewal on a form prescribed by the department.
SB532,16,2221 (b) The fee determined by the department under s. 440.03 (9) (a), Stats., and
22the applicable late renewal fee specified in s. 440.08 (3) (a), Stats.
SB532,16,25 23(2) Renewal after 5 years. An individual certified public accountant who files
24an application for renewal of a license 5 years or more after the renewal date may
25renew his or her license by filing with the board all of the following:
SB532,17,1
1(a) An application for renewal on a form prescribed by the department.
SB532,17,32 (b) The fee determined by the department under s. 440.03 (9) (a), Stats., and
3the applicable late renewal fee specified in s. 440.08 (3) (a), Stats.
SB532,17,64 (c) Verification of successful completion of examinations specified in s. Accy
52.301 or education specified in s. Accy 2.202 or both as may be prescribed by the
6board.
SB532,17,13 7(3) Reinstatement. (a) Notwithstanding the board's authority under s. 442.12
8(1) (g), Stats., to grant a hearing pursuant to an application in writing and notice, an
9individual certified public accountant who has a license with unmet disciplinary
10requirements and who has failed to renew the license within 5 years after the
11renewal date, or an individual whose license has been surrendered or revoked, may
12apply for reinstatement of his or her license. The request shall be in writing and be
13accompanied by all of the following:
SB532,17,1414 1. The materials and fee specified in sub. (2) (a) to (c).
SB532,17,1515 2. Evidence of completion of disciplinary requirements, if applicable.
SB532,17,1716 3. Evidence of rehabilitation or change in circumstances warranting
17reinstatement of the credential.
SB532,17,2118 (b) The board shall grant reinstatement of a license following an application
19for reinstatement under par. (a) if the board determines the individual has satisfied
20the requirements under par. (a) 1. to 3. and the board determines reinstatement is
21warranted.
SB532,36 22Section 36. Chapter Accy 3 (title) of the administrative code is repealed and
23recreated to read:
SB532,17,2424 chapter accy 3
SB532,17,2525 endorsement
SB532,37
1Section 37. Subchapter I (title) of chapter Accy 3 [precedes Accy 3.001] of the
2administrative code is created to read:
SB532,18,33 chapter accy 3
SB532,18,44 subchapter i
SB532,18,55 authority and definitions
SB532,38 6Section 38. Accy 3.01 of the administrative code is repealed.
SB532,39 7Section 39. Accy 3.02 of the administrative code is renumbered Accy 2.301 and
8amended to read:
SB532,18,12 9Accy 2.301 Examination. A candidate for a certified public accountant
10certificate shall successfully pass the certified public accountant examination set
11forth in s. Accy 3.03 2.302 and the professional ethics examination set forth in s. Accy
123.10 2.306.
SB532,40 13Section 40. Accy 3.03 of the administrative code is renumbered Accy 2.302,
14and Accy 2.302 (1), as renumbered, is amended to read:
SB532,18,2015 Accy 2.302 (1) The subjects covering the discipline of accounting in the certified
16public accountant examination shall be as provided in the 4 sections of the by the
17board of examiners of the American institute of certified public accountants uniform
18certified public accountant examination
Institute of Certified Public Accountants
19Uniform Certified Public Accountant Examination
. The passing grade on each
20section is 75 or higher.
SB532,41 21Section 41. Accy 3.03 (1) (Note) of the administrative code is repealed.
SB532,42 22Section 42. Accy 3.04 of the administrative code is renumbered Accy 2.303 and
23amended to read:
SB532,19,6 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)
.
SB532,43 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:
SB532,19,14 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:
SB532,44 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:
SB532,19,2317 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)
.
SB532,45 24Section 45. Accy 3.05 (1) (b) 2. and 3. and (c), (2) and (3) of the administrative
25code are repealed.
SB532,46
1Section 46. Accy 3.05 (3) (Note) of the administrative code is repealed.
SB532,47 2Section 47. Accy 3.055 of the administrative code is repealed.
SB532,48 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:
SB532,20,7 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.
SB532,20,10 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.
SB532,20,14 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.
SB532,49 15Section 49. Accy 3.07 of the administrative code is repealed.
SB532,50 16Section 50. Accy 3.08 of the administrative code is repealed.
SB532,51 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:
SB532,20,2119 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:
SB532,20,2322 (a) Communications concerning an examination being written taken between
23candidates inside or outside of the examination room, or copying another's answers.
SB532,20,2524 (b) Communications concerning an examination being written taken with
25accomplices outside of the examination room.
SB532,21,3
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.
SB532,21,74 (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.
SB532,21,19 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.
SB532,21,22 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.
SB532,52 23Section 52. Accy 3.10 of the administrative code is renumbered Accy 2.306.
SB532,53 24Section 53. Subchapter II (title) of chapter Accy 3 [precedes Accy 3.101] of the
25administrative code is created to read:
SB532,22,1
1chapter accy 3
SB532,22,22 subchapter II
SB532,22,33 certification by endorsement
SB532,54 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:
SB532,22,96 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
.
SB532,55 10Section 55. Subchapter III (title) of chapter Accy 3 [precedes Accy 3.201] of the
11administrative code is created to read:
SB532,22,1212 chapter accy 3
SB532,22,1313 subchapter IIi
SB532,22,1414 foreign endorsement candidates
SB532,56 15Section 56. Chapter Accy 4 (title) of the administrative code is repealed and
16recreated to read:
SB532,22,1717 chapter accy 4
SB532,22,1818 enforcement
SB532,57 19Section 57. Subchapter I of chapter Accy 4 [precedes Accy 4.001] of the
20administrative code is created to read:
SB532,22,2121 chapter accy 4
SB532,22,2222 subchapter i
SB532,22,2323 authority
SB532,22,25 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.
SB532,58
1Section 58. Accy 4.01 of the administrative code is renumbered Accy 5.301.
SB532,59 2Section 59. Accy 4.02 of the administrative code is renumbered Accy 5.101 and
3amended to read:
SB532,23,9 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
.
SB532,60 10Section 60. Accy 4.03 of the administrative code is renumbered Accy 5.201.
SB532,61 11Section 61. Accy 4.035 of the administrative code is repealed.
SB532,62 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:
SB532,23,1514 Accy 5.102 (3) (d) That the applicant has satisfied the peer review
15requirements in s. 442.087, Stats., and ch. Accy 9 6.
SB532,63 16Section 63. Accy 4.04 of the administrative code is renumbered Accy 5.302 and
17amended to read:
SB532,23,22 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.
SB532,64 23Section 64. Accy 4.05 of the administrative code is renumbered Accy 5.103.
SB532,65 24Section 65. Accy 4.06 of the administrative code is renumbered Accy 5.303.
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