I’m in the process of completing the CPA exam. Can I still qualify to sit under the old regulations?
Candidates who have sat for exam prior to July 22, 2004, may still sit under the old rules and have until July 22, 2006, to pass the exam AND be licensed under those rules. Candidates who apply for the exam up to August 31, 2005, can choose to sit under either the old rules or the new rules. After August 31, 2005, you can only qualify as a candidate under the new “120/24/24” Rule. To sit for the exam, you must have: Earned 120 semester hours including at least: a. 24 semester hours of accounting in courses that are applicable to a baccalaureate, master’s or doctoral degree and which cover financial accounting, managerial accounting, taxation and audit AND b. 24 semester hours of business courses that are applicable to a baccalaureate, master’s or doctoral degree and which may include macro and micro economics, finance, business law, management, computer science, marketing and accounting hours not included in item (a).
