EDUCATION DEPARTMENT / THE UNIVERSITY
OF THE STATE OF
Higher Education and Professional Practice Committee
Amendments to the Regulations of the Commissioner of Education Relating to
Education Requirements for Licensure in Public Accountancy and the
Endorsement of an Out-Of-State License in this Field
June 12, 2006
Issue for Discussion
Should the Board of Regents amend sections 52.13, 70.1, and 70.4(b) of the Regulations of the Commissioner of Education relating to educational requirements for licensure in public accountancy and the endorsement of an out-of-state license in this field?
Review of Policy.
The proposed amendment is before the Higher Education and Professional Practice Committee for discussion in June 2006 and will be submitted for action at the September 2006 Regents meeting.
A Notice of Proposed Rule Making concerning the proposed amendment will be published in the State Register on July 5, 2006. Supporting materials for the proposed amendment are available from the Secretary to the Board of Regents.
The purpose of the proposed amendment is to revise requirements for
college programs leading to licensure in public accountancy, make changes in the
education requirements that applicants for licensure as a certified public
accountant must meet, and revise requirements for licensure in this field
through the endorsement of an out-of-state license. These changes are designed to remove
barriers to licensure in
Among other changes, the
amendment deletes a 60 semester hour liberal arts and sciences requirement for
registered college programs leading to licensure in public accountancy. Instead, it permits such registered
programs to provide liberal arts and sciences coursework in accordance with the
requirements in Regents Rules for the type of degree conferred. In addition,
deleting this specific requirement will remove a barrier to licensure for
certified public accountants who are licensed in other states and have completed
out-of-state programs. To be
licensed they have to complete an equivalent educational program to a
Timetable for Implementation
The effective date of the proposed amendment is October 5, 2006.
AMENDMENT TO THE REGULATIONS OF THE COMMISSIONER OF EDUCATION
Pursuant to sections 207, 210, 6506, 6507, and 7404 of the Education Law.
1. Section 52.13 of the Regulations of the Commissioner of Education is amended, effective October 5, 2006, as follows:
(a) Prior to August 1, 2004, the program shall meet the curricular requirements in this subdivision or subdivision (b) of this section.
(1) Undergraduate curriculum. An undergraduate curriculum shall [include not less than] lead to a baccalaureate degree and include not less than 120 semester hours or their equivalent, including the following semester hours or their equivalent in the specified subjects:
Subject Semester hours
Accounting, including course coverage in each of the 24
following subject areas - accounting principles, cost
accounting, tax accounting and auditing
Commercial law 6
Basic statistics 3
[Liberal arts and science courses] 
Business and accounting electives 21
[Total, including at least six semester hours of 
economic principles which hours may be used to
satisfy either the business electives or liberal arts
Economic principles (which may be used to satisfy 6
the business and accounting electives requirement
The department may recognize a curriculum of comparable course content but with fewer semester hours, if given wholly or partly at the graduate level, as being equivalent to the undergraduate curriculum outlined above.
(2) Graduate curriculum. A graduate curriculum shall include not less than the following semester hours or their equivalent in the specified subjects depending on the undergraduate preparation of the students:
Subject Semester hours
(prerequisites for the respective programs are described below)
Alternative A Alternative B
Accounting, including at least one course each in 9 24
accounting theory, tax accounting, and auditing,
and in addition, under the B program, at least
one course in cost accounting
Economic analysis 3 3
Finance 3 3
Commercial law - six semester hours at the 4
undergraduate level will be considered equivalent
Other business accounting electives [, including at 15 26
least one course in quantitative measurements]
Total 30 60
(i) . . .
(ii) The prerequisite for alternative B is a bachelor's degree or the equivalent in a field other than accounting or business administration, including:
(a) [at least 60 semester hours in liberal arts and science courses, of which] at least six semester hours [shall be] in economic principles;
(b) . . .
(c) . . .
If such curriculum did not include the requirements set forth in this paragraph relating to economic principles, finance and business statistics, equivalent study in these subjects shall be carried out through the use of electives in the graduate curriculum.
(b) (1) Definitions. As used in this subdivision:
(i) Professional accountancy content area shall mean [coursework, which includes but is not limited to, each of the following curricular areas] curricular content that includes but is not limited to each of the following subjects:
(a) . . .
(b) . . .
(c) . . .
(d) . . .
(ii) General business content area shall mean [coursework, which includes but is not limited to, each of the following curricular areas] curricular content that includes but is not limited to each of the following subjects:
(a) . . .
(b) . . .
(c) . . .
(d) economics; and
(e) finance [; and] .
[(f) quantitative methods.]
[(iii) . . .]
(2) Curriculum. On or after August 1, 2004, in addition to meeting all applicable provisions of this Part, to be registered as a program recognized as leading to licensure in public accountancy which meets the requirements in section 70.1 of this Title, such program shall be a baccalaureate or higher program that, by requisites or prerequisites, shall ensure completion of at least 150 semester hours or its equivalent, including a minimum of 33 semester hours or its equivalent in the professional accounting content area[,] and a minimum of 36 semester hours or its equivalent in the general business content area [, and a minimum of 60 semester hours or its equivalent in the liberal arts and sciences content area, with a maximum of 90 semester hours in a combination of professional accounting and general business content areas and a maximum of 80 semester hours in the liberal arts and sciences content area]. Such curriculum shall include the study of business and accounting communications, ethics and professional responsibility, and accounting research, either by integration into the coursework of other courses or in separate courses.
2. Section 70.1 of the Regulations of the Commissioner of Education is repealed and a new section 70.1 is added, effective October 5, 2006, as follows:
70.1 Professional study of public accountancy.
(a) For purposes of this section, acceptable accrediting agency shall mean an organization accepted by the department as a reliable authority for the purpose of accreditation of accountancy programs, having accreditation standards that are substantially equivalent to the requirements for programs registered pursuant to section 52.13 of this Title, and applying its criteria for granting accreditation in a fair, consistent, and nondiscriminatory manner.
(b) (1) To meet the professional educational requirements for licensure, the applicant shall present satisfactory evidence of completing a baccalaureate or higher degree program in accountancy that is registered by the department pursuant to section 52.13 of this Title, or a baccalaureate or higher degree program in accountancy that is accredited by an acceptable accrediting agency, or a baccalaureate or higher degree program that is substantially equivalent to such a registered or accredited program, as determined by the department.
(2) An applicant who applies to the department for licensure on or after August 1, 2009 shall be required to have satisfactorily completed a curriculum of at least 150 semester hours in the program prescribed in paragraph (1) of this subdivision.
(3) An applicant who applies to the department for licensure prior to August 1, 2009 shall be required to have either:
(i) satisfactorily completed a curriculum of at least 150 semester hours in the program prescribed in paragraph (1) of this subdivision; or
(ii) satisfactorily completed a curriculum of at least 120 semester hours in the program prescribed in paragraph (1) of this subdivision prior to August 1, 2009 and submitted the required application forms for licensure to the department prior to August 1, 2009.
(c) In lieu of meeting the education requirements prescribed in subdivision (b) of this section, the applicant may meet the following requirement: at least 15 years of full-time experience in the practice of public accountancy satisfactory to the State Board for Public Accountancy.
3. Subdivision (b) of section 70.4 of the Regulations of the Commissioner of Education is amended, effective October 5, 2006, as follows:
(b) If licensing standards in the other jurisdiction at the time of licensure were not fully equivalent to New York State standards at the time of application for endorsement, or if an examination acceptable to the State Board was passed in another jurisdiction but under conditions not applicable in this State, the department may accept, for purposes of endorsement, evidence satisfactory to the State Board of at least [five] four years of professional experience in the practice of public accountancy following initial licensure and within 10 years immediately preceding application for licensure by endorsement.