ExpertHard1 markMultiple Choice
CPA · Question 51 · Area I: Ethics & Tax Procedures
Under the Uniform Accountancy Act, which of the following is generally a requirement for a CPA to practice across state lines (mobility) without obtaining a new license?
Under the Uniform Accountancy Act, which of the following is generally a requirement for a CPA to practice across state lines (mobility) without obtaining a new license?
Answer options:
A.
The CPA must pay a fee to the new state board.
B.
The CPA must hold a valid license in a substantially equivalent state.
C.
The CPA must move their primary residence to the new state.
D.
The CPA must pass the ethics exam of the new state.
How to approach this question
CPA Mobility = 'Substantial Equivalency'. If your home state's rules are tough enough (150 hours, etc.), you can work elsewhere.
Full Answer
B.The CPA must hold a valid license in a substantially equivalent state.✓ Correct
B
Under the concept of 'substantial equivalency' in the UAA, a CPA with a valid license from a state with licensing requirements substantially equivalent to the UAA (150 hours education, etc.) can practice in other states without obtaining a new license or paying fees.
Common mistakes
Thinking notice or fees are required (they were in the past, but mobility removed them).
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