GENERAL

GOVERNMENT CABINET

Kentucky

State Board of Accountancy

(As

Amended at ARRS, October 13, 2015)

 

      201 KAR 1:063. Certificate of experience.

 

      RELATES TO: KRS 325.261,

325.340(1)(h)[(4)]

      STATUTORY AUTHORITY: KRS 325.240(2)

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 325.240(2)

authorizes the Kentucky State Board of Accountancy to promulgate administrative

regulations for the administration of KRS Chapter 325. This administrative

regulation establishes requirements for documenting experience when applying[325.261

establishes the standards for licensure as a certified public accountant. This

administrative regulation describes the experience to be documented when one

applies] to become a certified public accountant.

 

      Section 1. Definitions. (1) "One (1)

year" means the completion of 2,000 hours of employment obtained

after the award of a baccalaureate degree during an employment period of not

less than twelve (12) months, excluding any leave or holiday time.

      (2) "Verification" means confirmation

by a certified public accountant, as described

in KRS 325.261(6), of[confirming] the truth or

accuracy of the applicant's accounting or attest experience.

 

      Section 2. (1) An applicant for licensure

shall submit a Certificate of Experience, which has been provided by

the certified public accountant for verification of experience[have

submitted by the certified public accountant verifying the experience a]["][Certificate

of Experience]["].

 

      (2) If the applicant has been employed by

more than one (1) employer to meet the experience requirement described in KRS

325.261 and this administrative regulation, a certificate shall be submitted

for each employment situation.

 

      Section 3. Experience Verification. The

certificate of experience shall include the following information verified by a

certified public accountant as described in KRS 325.261(6):

      (1) The name and address of the employing

public accounting firm, industry, or government agency[firm,

company, agency, or institution of higher education];

      (2) The month, day,

and year the employment:

      (a) Began;[,]

and

      (b)[the month, day and

year the employment] Was terminated or the experience was

completed;

      (3) Total number of hours worked during

the employment period, excluding holiday or leave time;

      (4) A brief description of the

applicant's job duties;

      (5) The applicant's working titles during

employment; and

      (6) The signature of the verifying

certified public accountant which attests to the truth and accuracy of the

statements made regarding the applicant's experience.

 

      Section 4. Documentation and Verification

of Applicant Experience. A false or misleading statement made by a certified

public accountant on a certificate of experience shall constitute a violation

of KRS 325.340(1)(h).

 

      Section 5. Incorporation by Reference.

(1) "Certificate of Experience", August 2015,[(2005)"]

is incorporated by reference.

      (2) This material may be inspected,

copied, or obtained, subject to applicable copyright law, at the State Board of

Accountancy, 332 W. Broadway, Suite 310, Louisville, Kentucky 40202, Monday

through Friday,[between] 8 a.m. to 4:30 p.m.

 

KEVIN DOYLE, President

      APPROVED BY AGENCY:

August 12, 2015

      FILED WITH LRC:

August 13, 2015 at 10 a.m.

      CONTACT PERSON:

Richard C. Carroll, Executive Director, Kentucky State Board of Accountancy,

332 W. Broadway, Suite 310, Louisville, Kentucky 40202,    phone (502)

595-3037, fax (502) 595-4281.