Part 22.
TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
Chapter 511.
CERTIFICATION AS A CPA
Subchapter C. EDUCATIONAL REQUIREMENTS
22 TAC §511.57
The Texas State Board of Public Accountancy (Board) proposes
amendments to §511.57, concerning Definition of Accounting Courses.
The amendments to §511.57 will add clarity to the courses that the
Board may consider in meeting the definition of accounting coursework for
the CPA examination by clarifying that the internship can be taken after completing
a requisite number of upper division accounting courses; and clarifying that
the Board may accept up to three semester hours of credit as accounting for
coursework with substantial merit in the context of a career in public accounting,
provided the course is predominately accounting or auditing in nature but
not included elsewhere in the rule.
William Treacy, Executive Director of the Board, has determined that for
the first five-year period the proposed amendments will be in effect:
A. the additional estimated cost to the state expected as a result of enforcing
or administering the amendments will be zero because the amendments do not
require additional oversight on the Board's part.
B. the estimated reduction in costs to the state and to local governments
as a result of enforcing or administering the amendments will be zero because
the amendments do not require additional oversight on the Board's part.
C. the estimated loss or increase in revenue to the state as a result of
enforcing or administering the amendments will be zero because the amendments
do not require additional oversight on the Board's part.
Mr. Treacy has determined that for the first five-year period the amendments
are in effect the public benefits expected as a result of adoption of the
proposed amendments will be a clarification of the educational requirements
for certification.
The probable economic cost to persons required to comply with the amendments
will be the same as it was before the amendments were adopted by the Board.
Mr. Treacy has determined that a Local Employment Impact Statement is not
required because the proposed amendments will not affect a local economy.
The Board requests comments on the substance and effect of the proposed
amendments from any interested person. Comments must be received at the Board
no later than noon on August 29, 2006. Comments should be addressed to J.
Randel Hill, General Counsel, Texas State Board of Public Accountancy, 333
Guadalupe, Tower 3, Suite 900, Austin, Texas 78701 or faxed to his attention
at (512) 305-7854.
Mr. Treacy has determined that the proposed amendments will not have an
adverse economic effect on small businesses because the amendments do not
concern small businesses.
The Board specifically invites comments from the public on the issues of
whether or not the proposed amendments will have an adverse economic effect
on small business; if the amendments are believed to have such an effect,
then how may the Board legally and feasibly reduce that effect considering
the purpose of the statute under which the amendments are to be adopted; and
if the amendments are believed to have such an effect, how the cost of compliance
for a small business compares with the cost of compliance for the largest
business affected by the amendments under any of the following standards:
(a) cost per employee; (b) cost for each hour of labor; or (c) cost for each
$100 of sales. See Texas Government Code, §2006.002(c).
The amendments are proposed under the Public Accountancy Act
("Act"), Texas Occupations Code, §901.151 which authorizes the Board
to adopt rules deemed necessary or advisable to effectuate the Act.
No other article, statute or code is affected by these proposed amendments.
§511.57.Definition of Accounting Courses.
(a) - (b)
(No change.)
(c)
The board will accept not fewer than 30 passing semester
hours of accounting courses without repeat from the courses listed below.
The courses must meet the board's standards by containing sufficient business
knowledge and application to be useful to candidates taking the Uniform CPA
Examination. A recognized educational institution must have accepted the courses
for purposes of obtaining a baccalaureate degree or its equivalent, and they
must be shown on an official transcript. At least 15 of these hours must result
from physical attendance at classes meeting regularly on the campus of the
transcript-issuing institution.
(1) - (10)
(No change.)
(11)
an accounting internship program (not to exceed 3 semester
hours) which meets the following requirements:
(A) - (H)
(No change.)
(I)
the internship course shall not be taken until a minimum
of 12 semester hours of upper division
accounting
course work has
been completed
.
[
[(J)
the internship course shall be taken
prior to completing the last full semester of course work in order to integrate
the knowledge gained during the internship into the curriculum requirements
for the degree program.]
(12)
At its discretion, the board may accept up to three semester
hours of credit
as
[
(d)
(No change.)
This agency hereby certifies that the proposal has been reviewed
by legal counsel and found to be within the agency's legal authority to adopt.
Filed with the Office of
the Secretary of State on July 20, 2006.
TRD-200603827
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Earliest possible date of adoption: September 3, 2006
For further information, please call: (512) 305-7848
Subchapter A. GENERAL PROVISIONS
; and
]
for
] accounting
for
coursework
with substantial merit in the context of a career in public accounting, provided
the course is predominantly accounting or auditing in nature but
not
included in paragraph (1)-(11) of this subsection
.
[
, including
courses with substantial merit in the context of a career in public accounting,
and courses which are principally accounting or auditing in nature but which
may be designated by some other name.
] For any course submitted under
this provision, the Accounting Faculty Head or Chair must affirm to the board
in writing its merit and content.
Chapter 519.
PRACTICE AND PROCEDURE