How the old experience requirement is affected by this new rule change with regard to the 252 CMR 2.07(2) (b)?
Every individual who sat for the paper CPA Exam prior to November 2002 and completed the exam without qualifying under the 150 semester hour education rule under the old rule 252 CMR 2.01(4) must qualify for the full reporting license experience requirements at that time. The first opportunity at that time was that each candidate had to have had three full years of public accounting experience with 1000 hours in the report function and at least 700 in audit or review experience and 300 of the remaining amount (if not all 1000 in audit or review experience) in full disclosure compilations. The only other opportunity was that the candidate had at least six years of government audit experience and any candidate who wishes to qualify for either provision of the old rule should contact the Board for a copy of the old rule experience provisions. This grandfather provision is contained in the new rule 252 CMR 2.07(3).
Related Questions
- What is the rule in regard of the person performing Hajj on behalf of his mother, but at the Miqat he said Talbeyah for Hajj and forgot to mention his mother?
- I sat for the exam prior to the new work experience rule being passed, am I exempt from the work experience requirement?
- How the old experience requirement is affected by this new rule change with regard to the 252 CMR 2.07(2) (b)?
