SECTION 10:15-18-4. Educational requirements

(a)   A qualification applicant shall show, to the satisfaction of the Board, that the applicant has graduated from an accredited four-year college or university.

(1)   As to an applicant whose college credits are reflected in quarter hours, each quarter hour of credit shall be considered as two-thirds (2/3) of one (1) semester hour when determining semester hour credits necessary to qualify for examination or transfer of credits.

(2)   When determining eligibility based on educational qualifications, the Board shall consider only educational credit reflected on official transcripts, from an accredited two-year or four-year college or university.

(3)   The Board may accept as temporary consideration, an official letter signed and sealed by the registrar's office of any two-year or four-year college or university attesting to the completion of educational qualifications of any qualification applicant, provided that official transcripts are submitted to the Board prior to any score release.

(4)   The specific requirement that each applicant shall have completed at least one (1) course in auditing may only be satisfied with an auditing or assurance course taken for credit from an accredited two-year or four-year college or university. Such coursemust have a concentration on external auditing standards including but not limited to Statements on Auditing Standards (SAS).

(b)   When determining eligibility of a qualification applicant, the Board shall not consider any combination of education and experience.

(c)   The Board will also consider a qualification applicant who has graduated from a college or university located outside the United States if an educational evaluation performed by a national credential evaluation service, as approved by the Board, certifies in writing that the applicant's course of study and degree are equivalent to the requirements set forth in Section 15.8 of the Act.

(d)   One hundred fifty (150) semester hours or its equivalent of collegiate education is required to qualify for any examination as set forth in Section 15.8.C. of the Oklahoma Accountancy Act. Any MIS or AIS course, or derivative thereof, as defined in 10:15-1-2, used by the applicant to qualify must have a substantial relationship, either direct or indirect, to the accounting profession. However, only AIS courses will qualify for the core accounting courses as required in Section 15-8.C.

(e)   Any candidate who has qualified to take the examination on the basis of education prior to July 1, 2003, is not subject to subparagraph (d) of this subsection.

[Source: Added at 22 Ok Reg 1691, eff 7-1-05; Amended at 23 Ok Reg 2123, eff 7-1-06; Amended at 25 Ok Reg 1513, eff 7-1-08; Amended at 26 Ok Reg 1373, eff 7-1-09; Amended at 27 Ok Reg 5, eff 8-6-09 (emergency); Amended at 27 Ok Reg 1690, eff 7-1-10]