Each applicant for a license to practice as an accounting practitioner shall pay to the board an examination fee before being examined. The amount of the fee shall be set by the board based upon the annual cost of administering the examination.
Examinations shall be conducted by the board as often as deemed necessary, but not less than one time per year.
The examination shall be prescribed by the board and shall be designed and given in a manner as to fairly test the applicant's knowledge of accounting. The examination shall not include questions relating to the subject of auditing.
The board shall make use of all or any part of standard or uniform examinations and advisory grading services which are provided or furnished by national accounting organizations or societies as the board deems appropriate to assist it in performing its duties as provided in this chapter. All examinations in theory shall be in writing and the identity of the person taking the examination shall be concealed until after the examination papers have been graded.
If an applicant has partially passed an examination given in another state, under requirements which the board finds to be substantially equivalent to those required in examinations given in this state, the results of the other state examination shall be accepted as though given in this state.
Every applicant successfully passing all subjects in which examined shall be granted and issued a license as an accounting practitioner by the board. The cost of the license shall be based upon the administrative costs of the board and the costs of issuing the license.
An applicant who fails the examination once shall be allowed to take the examination at the next scheduled time. Thereafter, the applicant shall be allowed to take the examination at the discretion of the board. An applicant who passes a portion of the examination shall have the right to be re-examined in the remaining subjects at a future examination, and if the applicant passes in the remaining subjects, the applicant shall be considered to have passed the entire examination. An applicant who has failed the examination may request in writing information from the board concerning the applicant's examination grade and subject areas or questions which the applicant failed to answer correctly, except that if the board administers a uniform, standardized examination, the board shall only be required to provide the examination grade and such other information concerning the applicant's examination results which are available to the board.
[C75, 77, 79, 81, § 116.11]
89 Acts, ch 56, § 2
C93, § 542C.11
Previous Section 542C.9
Next Section 542C.12
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/542C/11.html
jhf