October 10, 2019 at 12:56 pm #2746320
Hey! I am going to submit my application for a license to MT at the end of this year and then apply for reciprocity in CO. Does anyone have experience getting licensed in MT with any tips, tricks, since the state uses NASBA for its review process?
Then, is anyone licensed in MT who is practicing in CO – what did reciprocity require? how long did it take? more money? any hiccups?
And, because i know this question will come up, CO license won't work because I do not have three specific classes that this state requires in the 150. I am a NC candidate and my education matches MT's requirements. Therefore, I will transfer my exam scores to MT.
Thanks.October 10, 2019 at 1:38 pm #2746359
Check out the CO reciprocity rules in the CO Public Accountancy laws.
If an individual has successfully passed the Uniform CPA Examination and holds a CPA Certificate or License in good standing from another licensing jurisdiction, the individual may apply for a Colorado Certified Public Accountant Certificate by reciprocity.
Individuals who have successfully passed the Uniform CPA Examination but are not certified or licensed in another jurisdiction may apply for a Colorado Certified Public Accountant Certificate by completing the Transfer of Grades Application.
Applicants must either meet Colorado's education and experience requirements or the equivalency requirements adopted by the Board.
RECIPROCITY REQUIREMENTS1.The Board may issue a certificate to an applicant who holds an active certificate or license issued by another state, provided the applicant:
CODE OF COLORADO REGULATIONS3CCR 705-1State Board of Accountancy21a.Possessed the requirements necessary for issuance of a certificate in Colorado on the date that the applicant’s certificate or license was issued by the other state, or the applicant meets the Substantial Equivalency requirements defined in Rule 1.1;b.Provides verification that he holds an active certificate or license issued by another state; andc.Attests to having completed all CPE required by the other state as of the application receipt date.2.The applicant must complete two hours of CR&R within 6 months following the date the Board grants the initial certificate. CR&R completed within the six months immediately preceding the date the Board grants the initial Certification will satisfy this requirement.3.An applicant who holds a certificate or license issued by another state based upon passage of the examination but who does not hold a certificate or license to practice is not eligible for reciprocity through that certificate or license.4.The Board may rely on NASBA, the AICPA, and other professional bodies deemed acceptable to the Board in determining whether an applicant meets the requirements of this Rule 1.5(E).
Rule 1.1 #51 page 7
Substantial EquivalencyA determination by the Board or its designee that the education, examination, and experience requirements contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination, and experience requirements contained in the AICPA/NASBA Uniform Accountancy Act(UAA) or that an individual CPA’s education, examination, and experience qualifications are comparable to or exceed the requirements contained in the UAA.October 10, 2019 at 1:40 pm #2746365
I'd be afraid CO will want to review your education and notice the deficiency and deny your application, leaving you with a MT license, and still a need for the 3 additional classes.October 10, 2019 at 1:47 pm #2746374
Thank you RECKED. That is why I posted the question to see what someone's actual experience was. I think Substantial Equivalency will be my friend in this. We'll see.
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