reglab/statecodes huggingface dataset:
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Section 20:75:02:14 - Examination - Grades

Current through Register Vol. 51, page 10, July 15, 2024
The examination required by SDCL  36-20B-18 must test the candidate's knowledge and skills required for performance as an entry-level certified public accountant. The examination must include the subject areas of accounting, auditing, business law, taxation, finance, communications, and information technology.
A candidate may take the required sections of the examination individually and in any order. Credit for any section passed is valid for thirty months from the date the passing score of the section is released, without having to attain a minimum score on any failed section, and without regard to whether the candidate has taken other sections. The passing grade is based on a 0-99 numeric scale and passing is a seventy-five.
Each candidate must pass all four sections of the examination within a single rolling qualifying period, which begins on the date the first passing score is released. The rolling qualifying period of thirty months concludes on the date the candidate sits for the final section passed, regardless of when the score is released for the final section.
Each candidate may not retake a failed section of the examination until the candidate has received the score for the most recent attempt of that section.
If all four sections of the examination are not passed within a given rolling qualifying period, credit for any section passed outside that qualifying period will expire and that section must be retaken.
A candidate is deemed to have passed the examination once the candidate holds, at the same time, valid credit for passing each of the four sections for the examination, in the rolling qualifying period of thirty months.
The period of time in which to pass all required sections of the examination may be extended by the board upon the candidate showing that the credit was lost by reason of individual hardship, personal emergency, act of God, military service, or other circumstances beyond the candidate's control.
The board may accept transferred grades from other states when a candidate for transfer of grades has met all the requirements of a candidate in this state.
The board may not notify a candidate of grades received on the examination until verification of graduation or completion of required courses has been submitted to the board. Until verification is received, the board may not transfer grades to any other state, accept any future examination application, or issue a certificate to an individual receiving passing grades.
General Authority:
SDCL  36-20B-12(19),  36-20B-18.
Law Implemented:
SDCL  36-20B-18.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Section 20:75:02:17 - Confidentiality of examination questions - Failure to comply

Current through Register Vol. 51, page 10, July 15, 2024
Each individual taking the examination and each proctor must sign an attestation statement agreeing not to convey or divulge the nature and content of any question or answer to any individual or entity and not to remove any uniform certified public accountant examination materials, notes, or other unauthorized materials from the examination room.
If an individual taking the examination fails to comply with the attestation statement, the examination is invalid and the individual is subject to further penalties and restrictions to be determined by the board.
General Authority:
SDCL  36-20B-12(19).
Law Implemented:
SDCL  36-20B-12(19).
Misconduct during examination, §
											20:75:02:05.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Section 20:75:02:18 and 20:75:02:19 - Expiration of conditional credit for candidates accepted under educational requirement effective prior to January 1, 1998. Repealed

Current through Register Vol. 51, page 10, July 15, 2024
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Section 20:75:02:20 - Rescore request and fees

Current through Register Vol. 51, page 10, July 15, 2024
A candidate may request a review of the scores the candidate earned within 30 days of the most recent examination taken. Any candidate requesting a rescore must do so in writing within 30 days from the end of the testing window for which the candidate is requesting the rescore. Any request for rescore must be submitted to the board in writing and must include the candidate's name, mailing address, telephone number, jurisdiction, email address, examination sections to be rescored, examination and section identification number, and the fee required by the National Association of State Boards of Accountancy (NASBA). Rescore results take eight weeks and will be mailed directly by NASBA to the candidate and the board.
General Authority:
SDCL  36-20B-12(19).
Law Implemented:
SDCL  36-20B-12(19).
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Section 20:75:02:21 - Candidate score appeal and fees

Current through Register Vol. 51, page 10, July 15, 2024
Appeal sessions are conducted at the office of the National Association of State Boards of Accountancy in Nashville, Tennessee. Any candidate requesting an appeal must submit an appeal package to the board. The appeal package shall contain the candidate's name, mailing address, telephone number, email address, the examination section for which appeal is requested, the seven-digit examination section identification number as posted on the candidate's notice to schedule, and the fee required for the appeal.
General Authority:
SDCL  36-20B-12(19).
Law Implemented:
SDCL  36-20B-12(19).
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:02 - Examination requirements › Appendix A - List of Most Commonly Used Reliable Standardized Psychometric Tests

Current through Register Vol. 51, page 10, July 15, 2024
LIST OF MOST COMMONLY USED RELIABLE
STANDARDIZED PSYCHOMETRIC TESTS
AREA OF FUNCTIONING
TESTS
Attention and Concentration
Wechsler Adult Intelligence Scale aka WAIS-R
(Digit Symbol) (Digit Span) (Arithmetic)
Wechsler Memory Scale (Attention/Concentration Subset)
Halstead-Reitan Seashore Rhythm
Test of Variables of Attention
Learning Efficiency Test (LET)
Memory/New Learning Ability
Wechsler Memory Scale - Revised
Learning Efficiency Test (LET)
Woodcock-Johnson Tests of Cognitive Ability
Detroit Tests of Learning Aptitude (DTLA)
Receptive (Perception and
Wechsler Adult Intelligence Scale, aka WAIS-R
Basic Comprehension)
(Verbal Subset Comprehension)
Reitan Aphasia Screening Test
Peabody Picture Vocabulary Test - Revised
General Cognitive Ability
Stanford-Binet Intelligence Scale
(Recognizing, thinking,
problem solving)
Wechsler Adult Intelligence Scale - Revised,
aka WAIS-R
Wechsler Intelligence Scale for Children-III,
aka WISC-III
Woodcock-Johnson Tests of Cognitive Ability
Test of Nonverbal Intelligence, aka TONI
Ravens Standard Progression Matrices
Halstead-Reitan Category Test
Expressive Abilities
Wechsler Adult Intelligence Scale - Revised,
Verbal Expression
aka WAIS-R
Reitan Aphasia Screening Test
Writing
Peabody Individual Achievement Test - Revised
/Written Expression
Test of Written Language - 2, aka TOWL-2
Other
Development Test of Visual-Motor Integration
Woodcock-Johnson Revised-Writing Samples
Processing Speed/Efficiency
Wechsler Adult Intelligence Scale - Revised,
aka WAIS-R (Digit Symbol)
Halstead-Reitan Trail Making Test
Woodcock-Johnson Visual Cluster (Spatial
Relations/Visual Matching)
Academic Achievement
Reading
Woodcock-Johnson Tests of Achievement
Wide Range Achievement Test - Revised,
aka WRAT-R
Peabody Individual Achievement Test - Revised
(Reading Comprehension) (Reading Recognition)
Gilmore Oral Reading Test
Nelson-Denny Reading Test (Vocabulary)
(Comprehension)
Degrees of Reading Power (DRP)
Spelling
Woodcock-Johnson Tests of Achievement
Wide-Range Achievement Test - Revised,
aka WRAT-R
Peabody Individual Achievement Test - Revised
(Spelling)
Math
Arlin Test of Formal Reasoning, aka AFTR
Key Math Test
Woodcock-Johnson Tests of Achievement
Wide-Range Achievement Test - Revised,
aka WRAT-R
Peabody Individual Achievement Test - Revised
(Math)
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:01 - Application for initial certificate and replacement certificate - Fees

Current through Register Vol. 51, page 10, July 15, 2024
An applicant for a certificate must submit an application on forms provided by the board within 90 days after completing all requirements for its issuance. Any applicant who has passed the examination and completes the experience requirement, but fails to apply for a certificate after three years of meeting the requirements for licensure, may be required to apply as an initial candidate to sit for the Uniform CPA examination.
An applicant for initial issuance of a certificate under SDCL chapter 36-20 B shall disclose on the application all background and character information requested by the board including, but not limited to:
a. All states or foreign jurisdiction in which the applicant has applied for or holds a permit as a CPA firm;
b. Any past denial, revocation, or suspension, or refusal to renew a CPA certificate, license or permit to practice, or voluntary surrender of a CPA certificate, license or permit to resolve or avoid disciplinary action, or similar actions concerning a substantially equivalent foreign designation;
c. Any other form of discipline imposed against the holder of a CPA certificate, license or permit, or substantially equivalent foreign designation;
d. The conviction of a crime; and
e. The revocation of a professional license of any kind in this or any other jurisdiction.
The initial application fee for individuals qualifying August 1 to January 31, inclusive, is $50. The fee for applications not submitted within the 90 days for individuals qualifying August 1 to January 31, inclusive, is $100. The initial application fee for those qualifying February 1 to July 31, inclusive, is $25. The fee for applications not submitted within the 90 days for individuals qualifying February 1 to July 31, inclusive, is $75.
An individual becomes qualified for a certificate when the individual has successfully completed the requirements in SDCL  36-20B-19 and  36-20B-21 for applicants from South Dakota or in SDCL  36-20B-25 and  36-20B-26 for applicants from other states. An applicant must obtain a license to practice for the year during which requirements were fulfilled. The board shall issue initial certificates to individuals to practice accountancy for up to one year. Individual certificates expire annually on July 31.
Any licensee requiring a replacement certificate must contact the board office. The fee for a replacement document is $25.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-13,  36-20B-14.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:02 - Non-renewal

Current through Register Vol. 51, page 10, July 15, 2024
An individual choosing not to renew a certificate shall notify the board of that intention prior to the expiration of that certificate and surrender the certificate to the board immediately upon its expiration.
Any individual choosing not to renew that does not notify the board or surrender his or her certificate will be deemed to have an expired certificate. An individual with an expired certificate may not continue to perform or offer to perform accounting services in the State of South Dakota.
General Authority:
SDCL  36-20B-12(21).
Law Implemented:
SDCL  36-20B-12(21).
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:03 - Application for renewal of certificate - Fees

Current through Register Vol. 51, page 10, July 15, 2024
An application for the renewal of a certificate or registration shall be made on a form provided by the board and shall be filed no later than the expiration date set by this section. An application is not considered filed until the applicable fee is received.
An applicant for renewal of a certificate under SDCL chapter 36-20 B shall list in the application any state in which the applicant has applied for or holds a certificate or a permit as a CPA and shall list any past denial, revocation, or suspension of a certificate or permit by any other state.
Any application for renewal of certificates shall be accompanied by evidence satisfactory to the board that the applicant has complied with the continuing professional education requirements under SDCL  36-20B-27 and chapter 20:74:04.
Any license not renewed and which has not been surrendered to the board, is deemed to have expired. Any individual desiring to renew an expired license shall comply with the requirements of this section. The applicant shall pay all applicable fees and penalties for late filing for each year the license was expired.
An application for renewal must be received by the board by August 1 or must be postmarked by August 1. An application completed on the internet must be submitted on or before 11:59 p.m. central time on August 1, to be considered on time. The fee for annual renewal submitted on time is $50. The fee for annual renewal submitted late is $100.
An application for renewal is considered late if the continuing education requirement has not been met and an extension has not been granted. Failure to receive a renewal notice does not constitute an adequate reason for failing to renew the certificate in a timely manner.
The fee to replace a certificate lost or destroyed for any reason or to change a name is $25. The fee must accompany the application for an individual certificate, renewal of a certificate, or request for replacement of a certificate.
General Authority:
SDCL  36-20B-12(3),(17),(18),(20),(21),  36-20B-15,  36-20B-18.
Law Implemented:
SDCL  36-20B-14 to  36-20B-16,  36-20B-18,  36-20B-22 to  36-20B-24.
Discretion to waive certain requirements, §
											20:75:01:07; Extension for completion of continuing professional education, §
											20:75:04:10.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:04 - Experience

Current through Register Vol. 51, page 10, July 15, 2024
An applicant for issuance of an initial certificate shall have the experience verified to the board by a licensee as defined in SDCL  36-20B-21 or a licensee from another state. The board shall look at such factors as the complexity and diversity of the work.
One year of experience shall consist of full or part-time employment that extends over a period of no less than a year and no more than three years and includes no fewer than 2,000 hours of performance of services described in SDCL  36-20B-21.
An individual licensee responsible for the performance of attest services as defined in SDCL  36-20B-2, who sign or authorize someone to sign on behalf of the firm, the accountant's report on the financial statements as defined in SDCL  36-20B-3, shall have experience in auditing, compilation, or review, in any combination, which totals at least 375 hours. The individual's experience must be earned within a ten-year period immediately preceding the latest application for a certificate under the Act.
Any licensee who has been requested by an applicant to submit to the board evidence of the applicant's experience and has refused to do so shall, upon request by the board, explain in writing or in person the basis for such refusal. The board may require any licensee who has furnished evidence of an applicant's experience to substantiate the information.
Any applicant may be required to appear before the board or its representative to supplement or verify evidence of experience. The board may inspect documentation relating to an applicant's claimed experience.
General Authority:
SDCL  36-20B-12(3)(14).
Law Implemented:
SDCL  36-20B-13.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:05 - Ethics examination

Current through Register Vol. 51, page 10, July 15, 2024
The ethics examination requirement of SDCL  36-20B-16 is satisfied by verification of successful completion of the self-study course of the American Institute of Certified Public Accountants entitled Professional Ethics: The AICPA's Comprehensive Course or its equivalent as determined by the board. Successful completion is achievement of a minimum score of 90 percent. The board may accept the passing score of an ethics examination taken by an applicant as a requirement of a board of another state. The applicant must bear the cost of the course or examination.
In addition to the above ethics exam requirement, the board may require candidates to complete an exam designed by the board, which assesses the candidates' knowledge of the statutes and regulations governing the practice of accounting in the state of South Dakota as a prerequisite to licensure.
General Authority:
SDCL  36-20B-16.
Law Implemented:
SDCL  36-20B-16.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:06 - Denial of certificate

Current through Register Vol. 51, page 10, July 15, 2024
An applicant denied a certificate shall be notified in writing by the board of such denial and the reasons for the denial. Such applicant may request an appearance before the board to reconsider the denial at its next scheduled board meeting. The request shall be sent to the executive director within 30 days of the date of the notice of denial.
General Authority:
SDCL  36-20B-23.
Law Implemented:
SDCL  36-20B-23.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:10 - Notification of firm changes

Current through Register Vol. 51, page 10, July 15, 2024
Any firm holding a permit pursuant to SDCL  36-20B-32 to  36-20B-34, inclusive, shall file with the board a written notification of any of the following events within 30 days after its occurrence:
(1) Formation of a new firm;
(2) Any change in the firm name;
(3) Dissolution of the firm;
(4) Change in the resident manager of the firm;
(5) Change of address for the firm.
In the event of any change in the legal form of a firm, such new firm shall, within 30 days of the change, file an application for an initial permit and pay the required fee.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-35.
Denial of certificate, §
											20:75:03:06.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:11 - Definitions

Current through Register Vol. 51, page 10, July 15, 2024
Terms used in reference to annual requirements of certificate holders performing public accountancy and not performing public accountancy mean:
(1) Active certificate," a CPA or PA certificate issued by this state to an individual performing accounting services, subject to the continuing professional education defined in SDCL  36-20B-27;
(2) "Inactive certificate," a CPA or PA certificate issued by this state to an individual who is not performing public accountancy or offering to perform for the public one or more kinds of services involving the use of accounting as defined in SDCL  36-20B-27;
(3) "Retired status," a CPA or PA certificate issued by this state to an individual who is at least 55 years of age and is no longer participating in the practice of any accounting discipline governed under SDCL chapter 36-20 B.
General Authority:
SDCL  36-20B-12(22).
Law Implemented:
SDCL  36-20B-12(22).
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:12 - Renewal of a South Dakota active certificate - Fees

Current through Register Vol. 51, page 10, July 15, 2024
Any person holding a valid certificate issued by this state prior to July 1, 2002, will be deemed to have met the experience requirements for licensure under SDCL  36-20B-21. An applicant who performs one or more kinds of services involving the use of accounting or auditing skills for the public, including issuance of reports on financial statements or one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters as defined in SDCL  36-20B-3 shall renew their certificate in an active status as defined by §
									20:75:03:11.
Any person holding a valid certificate not performing accounting services as defined in SDCL  36-20B-3 that wishes to use the title CPA or PA may renew their certificate in an active status.
Certificate holders performing or offering to perform "attest" services as defined in SDCL  36-20B-2, must provide proof of one year of experience as required in §
									20:75:03:04  verified by a licensee.
An application for renewal of an active certificate must be received by the board by August 1 or must be postmarked by August 1. An application completed on the internet must be submitted on or before 11:59 p.m. central time on August 1, to be considered on time. The fee for annual renewal submitted on time is $50. The fee for annual renewal submitted late is $100. Any licensee who submitted a renewal by the use of the internet agrees that submission of the renewal serves as the licensees signature and verification of the information in the renewal.
General Authority:
SDCL  36-20B-12(5) to (8).
Law Implemented:
SDCL  36-20B-27,  36-20B-28.
Non-renewal, §
											20:75:03:02
Experience, §
											20:75:03:04.
Definitions, §
											20:75:03:11.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:13 - Renewal of a South Dakota inactive certificate - Fees

Current through Register Vol. 51, page 10, July 15, 2024
Any person holding a valid certificate issued by this state prior to July 1, 2002, will be deemed to have met the experience requirements for licensure under SDCL  36-20B-21. Any applicant who does not perform for the public one or more kinds of services involving the use of accounting as defined in SDCL  36-20B-27 will be required to renew certificates annually. However, an inactive certificate holder will not be required to comply with the continuing professional education requirement as required by §
									20:75:03:03.
An application for renewal of an inactive certificate must be received by the board by August 1 or must be postmarked by August 1. An application completed on the internet must be submitted on or before 11:59 p.m. central time on August 1, to be considered on time. The fee for annual renewal submitted on time is $50. The fee for annual renewal submitted late is $100. Any licensee who submits a renewal by the use of the internet agrees that submission of the renewal serves as the licensees signature and verification of the information in the renewal.
General Authority:
SDCL  36-20B-12(5) to (8), inclusive.
Law Implemented:
SDCL  36-20B-27,  36-20B-28.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:15 - Substantial equivalency and reciprocity

Current through Register Vol. 51, page 10, July 15, 2024
A certificate holder licensed by another state, before establishing a principal place of business in this state, shall request the issuance of a certificate from the board pursuant to SDCL  36-20B-26.
An applicant for issuance or renewal of a reciprocal license shall, in the application, list any state in which the applicant has applied for or holds a certificate, license, or permit and list any past denial, revocation, or suspension of a certificate, license, or permit. Each holder of, or applicant for, a certificate shall notify the board in writing, within 30 days after its occurrence, of any issuance, denial, revocation, or suspension of a certificate, license, or permit by another state, or volunteer surrender of a CPA certificate, license, or permit to resolve or avoid disciplinary action, or similar actions concerning a substantially equivalent foreign designation, any other form of discipline imposed against the holder of a CPA certificate, license, permit, or a substantially equivalent foreign designation, the conviction of any crime and the revocation of a professional license of any kind in any jurisdiction, change of address, or employment. The application shall be accompanied by a fee of $50.
The applicant for initial issuance or renewal under this chapter shall comply with the continuing professional education requirements for issuance or renewal in the applicant's state, or the continuing professional education requirements applicable in this state, if the applicant's state of licensure does not require continuing professional education.
If the applicant passed the examination in a state that is not deemed to be substantially equivalent to this state's educational requirements, the board may issue the applicant a license upon a showing that the requirements of SDCL  36-20B-25 are met and the applicant's license has been deemed to be in good standing by the host state's licensing board.
General Authority:
SDCL  36-20B-12(23).
Law Implemented:
SDCL  36-20B-12(23),  36-20B-13.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:03 - Certificates, licenses, and permits › Section 20:75:03:16 - Registration of a retired certificate - Fees

Current through Register Vol. 51, page 10, July 15, 2024
Any holder of a South Dakota certificate no longer practicing any form of accounting governed under this chapter may choose to register the certificate under a retired status. To be eligible for registration under the retired status, an individual certificate holder must be at least 55 years of age, must sign an affidavit attesting to the certificate holders retired status, and pay an annual fee of $10. Any licensee who submits a renewal by the use of the internet agrees that submission of the renewal serves as the licensees signature and verification of the information in the renewal.
General Authority:
SDCL  36-20B-12(22).
Law Implemented:
SDCL  36-20B-12(22).
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:02 - General continuing professional education program criteria

Current through Register Vol. 51, page 10, July 15, 2024
To qualify as acceptable continuing professional education, a program must be a learning activity that contributes directly to the professional competence of a CPA or PA in the practice of accountancy. A CPA and PA performing professional services must have a broad range of knowledge, skills, and abilities. Acceptable continuing professional education encompasses programs contributing to the development and maintenance of both technical and nontechnical professional skills. A program that promotes professional competence in the practice of accountancy is defined as one that refers to the process, methods, or principles of accounting or directly relates to the CPA's and PA's employment and is above the level of the CPA's and PA's current knowledge. Acceptable subjects include accounting, assurance/auditing, consulting services, specialized knowledge and applications, management, taxation, and ethics. Other subjects, including personal development, may be acceptable if they maintain or improve the CPA's and PA's competence. A CPA or PA may use a learning plan to evaluate learning and competency development. The learning plan may be reviewed periodically and modified as competency needs change.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
Restriction on continuing professional education credits for college employees, §
											20:75:04:06.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:03 - Continuing professional education group program criteria

Current through Register Vol. 51, page 10, July 15, 2024
A group program qualifies as acceptable continuing professional education if it meets the general criterion in §
									20:75:04:02  and meets the following criteria:
(1) An outline of the program is prepared in advance and preserved by the sponsor for four years. For compliance with this subdivision by informal organizations presenting continuing professional education, responsibility for retaining a copy of the outline of the program for four years may be abdicated to the participant;
(2) The program is at least 50 minutes in length;
(3) The program is conducted by a qualified instructor, discussion leader, or lecturer. A qualified instructor, discussion leader, or lecturer is anyone whose background, training, education, or experience makes it appropriate for that person to lead a discussion on the subject matter of the particular program;
(4) A record of attendance is maintained by the sponsor for four years. For compliance with this subdivision, informal organizations presenting continuing professional education sessions may abdicate retention of the attendance record to the participant;
(5) Criteria for continuing professional group program education must meet the documentation requirements of §
									20:75:04:14; and
(6) Criteria for continuing professional group program education must meet the requirements of sponsorship standards in §
									20:75:04:16  and §§
									20:75:04:19  to 20:75:04:21, inclusive.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:04 - Acceptable continuing professional education group programs

Current through Register Vol. 51, page 10, July 15, 2024
Group programs which qualify as acceptable continuing professional education programs if they meet the requirements of §§
									20:75:04:02  and 20:75:04:03  include the following:
(1) Professional development programs of recognized national, state, and local accounting organizations;
(2) Technical sessions at meetings of recognized national, state, and local accounting organizations and their chapters;
(3) University or college credit courses;
(4) University or college noncredit courses;
(5) Formal organized in-firm and interfirm education programs; and
(6) Formal and informal programs given by other organizations devoted to accounting, private industry, or professional development, or any combination of these.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:05 - Non-group continuing professional education program criteria

Current through Register Vol. 51, page 10, July 15, 2024
The non-group programs which qualify as acceptable continuing professional education programs if they meet the requirements of §
									20:75:04:02  include the following:
(1)
Independent-study programs
must be designed to permit a participant to learn a given subject, one-on-one, under the guidance of a CPE program sponsor. Participants in an independent study program must:
(a) Meet the documentation requirements of §
										20:75:04:15;
(b) the program sponsor must be approved by NASBA's national registry of continuing professional education sponsors or NASBA's quality assurance service.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:06 - Restriction on continuing professional education credits for college employees

Current through Register Vol. 51, page 10, July 15, 2024
An individual employed by a college or university may not claim continuing professional education credit in excess of 60 hours during any three-year renewal period for teaching courses.
An individual may elect to claim less than 60 hours for a course taught in one year and claim the balance in subsequent years if the individual teaches the course in each year the credit is claimed and the credit does not exceed the number of hours allowed.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
Standards for continuing professional education program measurement, §
											20:75:04:01; General continuing professional education program criteria, §
											20:75:04:02.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:07 - Initial active certificate holders

Current through Register Vol. 51, page 10, July 15, 2024
An individual certificate holder whose initial certificate was issued less than three years before the renewal date shall fulfill the following minimum requirements of continuing professional education:
(1) Certificate holders whose initial certificate was issued less than one year before the renewal date: none;
(2) Certificate holders whose initial certificate was issued at least one year but less than two years before the renewal date: 20 hours;
(3) Certificate holders whose initial certificate was issued at least two but less than three years before the renewal date: 40 hours with a minimum of 20 hours per year.
The continuing education requirement for the first renewal and any subsequent renewal is the number of hours required for a three-year period by SDCL  36-20B-27.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-28.
Returning active certificate holders, §
											20:75:04:08.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:08 - Returning active certificate holders

Current through Register Vol. 51, page 10, July 15, 2024
An applicant for renewal of an individual certificate, in active status whose most recent active certificate has lapsed over 12 months before the application for renewal is submitted must complete at least 24 hours of continuing education in the 12 months preceding the filing of the application for active status.
Once the applicant's individual certificate is renewed in an active status, the applicant must fulfill the continuing professional education requirement for the next renewal in accordance with the following schedule:
(1) Certificate holders whose individual certificate was renewed July 1 to September 30, inclusive: 20 hours;
(2) Certificate holders whose individual certificate was renewed October 1 to December 31, inclusive: 16 hours;
(3) Certificate holders whose individual certificate was renewed January 1 to March 31, inclusive: 8 hours;
(4) Certificate holders whose individual certificate was renewed April 1 to June 30, inclusive: 4 hours.
The continuing professional education required for the second renewal and each subsequent renewal following the lapse is the number of hours required for a three-year renewal period by SDCL  36-20B-27.
An applicant for renewal of an individual certificate whose most recent certificate lapsed 12 months or less before submission of the renewal application must complete the continuing professional education requirement the applicant would have had to complete had the applicant's certificate not lapsed.
An applicant who holds a certificate of certified public accountant in another state issued over four years before applying for a certificate of certified public accountant in this state must complete 24 hours of continuing professional education in the 12 months preceding the filing of the application.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-21,  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:09 - Limitation on continuing professional education credits

Current through Register Vol. 51, page 10, July 15, 2024
No more than 24 hours of credit for behavioral or motivational courses is allowed in a three-year renewal period for those individuals engaged in public accounting. There is no limit on personal development courses.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:10 - Extension for completion of continuing professional education

Current through Register Vol. 51, page 10, July 15, 2024
Upon request by an applicant for renewal of a certificate, the board may administratively grant one extension of 90 days to complete the minimum continuing professional education requirement. The board shall review subsequent requests for extensions and may grant them on a case by case basis for good cause. Good cause includes personal emergencies, acts of God, or administrative errors made by the board.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:11 - Review of continuing professional education credits

Current through Register Vol. 51, page 10, July 15, 2024
Certificate holders are subject to verification of all continuing professional education credits submitted to the board. Annually, the board may randomly select holders of individual certificates who are in the three-year renewal cycle for review of continuing professional education credits. The period to be reviewed may be one to three reporting years prior to the request. The board shall determine the number selected for review each year based on a percentage of the number of individuals holding certificates at the time of the random selection. An individual selected for a review must provide documentation to verify attendance or completion of all courses reported to the board for continuing professional education credit.
If an individual does not meet the requirements of continuing professional education in SDCL  36-20B-27, §
									20:75:04:07, 20:75:04:08, 20:75:04:09, or 20:75:04:10, an adjustment of hours may be made administratively if an audit of continuing education credits creates discrepancies in the individual's total number of hours during a year.
General Authority:
SDCL  36-20B-12.
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:12 - Continuing professional education requirement for nonresident certificate holder

Current through Register Vol. 51, page 10, July 15, 2024
The continuing professional education requirement of a nonresident individual certificate holder is considered met if the individual meets the continuing professional education requirement for renewal of a certificate or license in the state in which the individual's principal place of business is located.
The nonresident applicant for an initial certificate or renewal of an individual certificate must demonstrate compliance with the continuing professional education requirements of the state in which the applicant's principal place of business is located by signing a statement to that effect on the initial or renewal application.
The board may verify the continuing professional education status of a nonresident certificate holder on an annual basis with the state board in which the applicant's principal place of business is located. If the state in which a nonresident applicant's principal place of business is located has no continuing professional education requirement for an initial certificate or renewal of a certificate or license, the nonresident applicant must comply with all continuing professional education requirements for an initial certificate or renewal of a certificate in this state.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:13

Current through Register Vol. 51, page 10, July 15, 2024
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:14 - Documentation required by CPA or PA

Current through Register Vol. 51, page 10, July 15, 2024
A CPA or PA engaged in sponsored learning activities may claim credit only for activities through which the CPA's or PA's competencies were maintained or improved. A CPA or PA who participates in part of a program may claim credit only for the portion attended or completed.
The following documentation of a CPA's or PA's participation in sponsored learning activities should be retained by the CPA or PA for four years:
(1) Name and address of continuing education program sponsor;
(2) Title and description of content;
(3) Dates of program;
(4) Location of program; and
(5) Number of credits.
Any CPA or PA claiming continuing professional education provided by informal organizations must maintain documentation as required by §§
										20:75:04:19  and 20:75:04:20.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:15 - Documentation for continuing professional education credit

Current through Register Vol. 51, page 10, July 15, 2024
A CPA or PA must document the credit claimed with the following acceptable evidence of completion:
(1) For group, a certificate or other verification supplied by the CPE program sponsor;
(2) For self-study programs using a pilot test, a certificate of completion from the CPE sponsor that has been approved by NASBA's national registry of CPE sponsors or NASBA's quality assurance service after satisfactory completion of an examination;
(3) For self-study programs using the word count formula, a certificate of completion from the CPE sponsor that has been approved by NASBA's national registry of CPE sponsors or NASBA's quality assurance service after satisfactory completion of the course;
(4) For instruction credit, a certificate, program outline, or other verification supplied by the CPE program sponsor;
(5) For a university or college course that is successfully completed for credit, a record or transcript of the grade the participant received;
(6) For university or college noncredit courses, a certificate of attendance issued by a representative of the university or college;
(7) For published articles, books, or CPE programs:
(a) A copy of the publication, or in the case of a CPE program, course development documentation, that names the writer as author or contributor;
(b) A statement from the writer supporting the number of CPE hours claimed; and
(c) The name and contact information of the independent reviewer or publisher.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:16 - Standards for continuing professional education group program sponsors

Current through Register Vol. 51, page 10, July 15, 2024
Continuing professional education program sponsors must provide descriptive materials that enable a CPA or PA to assess the appropriateness of learning activities. To accomplish this, CPE program sponsors must provide participants with the following information in advance of the program:
(1) Learning objectives;
(2) Prerequisites, if any;
(3) Program level;
(4) Program content;
(5) Advance preparation, if any;
(6) Instructional delivery methods;
(7) Recommended CPE credit;
(8) Course registration requirements.
When CPE programs are offered in conjunction with non-educational activities, or when several CPE programs are offered concurrently, participants should receive an appropriate schedule of events indicating those components that are recommended for CPE credit. The CPE program sponsor's registration policies and procedures should be formalized, published, and made available to participants.
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
Definitions, §
											20:75:04:00.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:17

Current through Register Vol. 51, page 10, July 15, 2024
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
Definitions, §
											20:75:04:00.
South Dakota Administrative Rules › Title 20 - PUBLIC SAFETY › Article 20:75 - CERTIFIED PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTANTS › Chapter 20:75:04 - Continuing professional education › Section 20:75:04:18

Current through Register Vol. 51, page 10, July 15, 2024
General Authority:
SDCL  36-20B-12(3).
Law Implemented:
SDCL  36-20B-27.
Definitions, §
											20:75:04:00.