section .0400 - EXPERIENCE

 

21 NCAC 08F .0401           WORK EXPERIENCE REQUIRED OF

CANDIDATES FOR CPA CERTIFICATION

(a)  G.S. 93-12(5)c sets forth work experience alternatives,

one of which is required of candidates applying for CPA certification.  In

connection with those requirements, the following provisions apply:

(1)           The work experience shall be acquired prior

to the date a candidate applies for certification.

(2)           All experience which is required to be

under the direct supervision of a CPA shall be under the direct supervision of

a CPA on active status.

(b)  The following provisions apply to all candidates

seeking to meet the work experience requirement of G.S. 93-12(5)c.3 by working

in the field of accounting:

(1)           One year of work experience is 52 weeks of full-time

employment.  The candidate is employed full-time when the candidate is expected

by the employer to work for the employer at least 30 hours each week for an

indefinite period or for a set period of at least one year.  Any other work is

working part-time.

(2)           All weeks of actual full-time employment

are added to all full-time equivalent weeks in order to calculate how much work

experience a candidate has acquired.  Dividing that number by 52 results in the

years of work experience the candidate has acquired.

(3)           Full-time-equivalent weeks are determined

by the number of actual part-time hours the candidate has worked.  Actual

part-time hours do not include hours paid for sick leave, vacation leave,

attending continuing education courses or other time not spent directly

performing accounting services.  For each calendar week during which the

candidate worked actual part-time hours of 30 hours or more, the candidate

receives one full-time-equivalent week.  The actual part-time hours worked in

the remaining calendar weeks are added together and divided by 30.  The

resulting number is the additional number of full-time-equivalent weeks to

which the candidate is entitled.

(4)           The candidate shall submit experience

affidavits on a form provided by the Board from all of the relevant employers;

provided that when such experience was not acquired while employed with a CPA

firm, the candidate shall also submit details of the work experience and

supervision on a form provided by the Board.  Experience affidavits for

part-time work shall contain a record of the actual part-time hours the

candidate has worked for each week of part-time employment.  Both the

experience affidavit and the form for additional detail shall be certified by

the employer's office supervisor or an owner of the firm who is a certificate

holder.

(c)  21 NCAC 08F .0409 applies to teaching experience

acquired pursuant to G.S. 93-12(5)c.2 and 4.

 

History Note:        Authority G.S. 93-12(3); 93-12(5);

Eff. February 1, 1976;

Readopted Eff. September 26, 1977;

Temporary Amendment Eff. June 17, 1982 for a period of

120 days to expire on October 12, 1982;

Legislative Objection Lodged Eff. July 20, 1982;

Amended Eff. February 1, 2011; January 1, 2006; August 1,

1998; March 1, 1990; July 1, 1989; December 1, 1988; September 1, 1988.