State Board of Accountancy
Amended at ARRS, October 13, 2015)
201 KAR 1:063. Certificate of experience.
RELATES TO: KRS 325.261,
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
(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:
(b)[the month, day and
year the employment] Was terminated or the experience was
(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
(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.
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.