What is the new Reciprocity rule as of January 1, 2007 and the SE statute change as of July 1, 2010?
The Board’s statute was amended as of July 1, 2010 to allow practice privileges to CPAs from Substantially Equivalent (SE) states. This mobility legislation allows CPAs with licenses issued by a state, which the NASBA (National Association of State Boards of Accountancy) National Qualification Appraisal Service has verified to be in substantial equivalence with the Certified Public Accountant licensure requirements of the AICPA/NASBA Uniform Accountancy, assuming these SE states allow all the same practice privileges to Massachusetts CPAs entering those states. M.G.L. c. 112 section 87B (h) (1) makes it clear that the practice privileges afforded to out-of state licensees practicing in Massachusetts are limited to those licensees whose licensing state affords all of the same practice privileges to Massachusetts licensees practicing in that state, including but not limited to the ability to practice in that state without obtaining a license, permit, and/or registration. Therefore, the B
