2005 Vermont Code - § 72a. — General licensing provisions

§ 72a. General licensing provisions

(a) If a licensee has a principal place of business for the practice of public accounting, the license shall be prominently displayed at that place.

(b) Licensing standards adopted and used by the board, and its procedures, shall be fair and reasonable and shall be designed and implemented to measure and reasonably ensure an applicant's qualifications to practice public accounting. They shall not be designed or implemented for the purpose of limiting the number of licensees.

(c) Without requiring an examination, the board shall issue an appropriate license to a public accountant who is licensed or certified under the laws of another state:

(1) with education, examination and experience requirements which the board considers to be substantially equal to those of this state; or

(2) upon a showing that the applicant has had five years of experience in the practice of public accountancy or meets equivalent requirements prescribed by the board by rule within the ten years immediately preceding the application; and

(3) has fulfilled the requirements of continuing education or continuing professional competence programs that would have been applicable under subsection (b) of section 75 of this title.

(d) Examinations for each license shall be held by the board as often as the board determines, but not less frequently than once each year.

(e) An applicant of good character who has met the education requirements of the board for a license, or who expects to meet it within 60 days following the examination, may take the examination without waiting until the applicant meets the education requirement. No credit shall be given for the examination if the education requirement is not completed within the next 60 days or within a longer time granted by the board on application.

(f) [Deleted.] (Added 1981, No. 161 (Adj. Sess.), § 2; amended 1991, No. 167 (Adj. Sess.), § 9; 1997, No. 40, § 15; 2001, No. 129 (Adj. Sess.), § 11; eff. June 13, 2002.)