Ill. Admin. Code tit. 68 § 1420.50

Current through Register Vol. 48, No. 41, October 11, 2024

Section 1420.50 - Endorsement

a) Any person currently licensed in another jurisdiction who desires to obtain a license as a licensed CPA by endorsement shall submit:

1) A completed and signed application on forms provided by the Division;

2) Certification from the jurisdiction of original licensure of the issuance of an unrevoked license showing the applicant possesses qualifications substantially equivalent to this State's current licensing requirements and whether the records of the licensing authority contain any record of disciplinary action taken or pending. If the qualifications by which an individual was licensed were not substantially equivalent, after passing the examination upon which the license to practice was based, an applicant shall have not less than 4 years of experience in the performance of accountancy activities within the 10 years immediately preceding the date of application;

3) Certification from the jurisdiction of current licensure stating:

A) The date of issuance of the applicant's license;

B) Whether the records of the licensing authority contain any record of disciplinary action taken or pending; and

4) The required fee set forth in Section 1420.40.

b) In determining the substantial equivalency of any state's requirements to Illinois' requirements, the Division may rely on the determinations of NASBA.

c) Letter of Authorization

1) In accordance with Section 14.2(d) of the Act, a letter of authorization may be issued to the applicant upon receipt of the following:

A) A completed and signed application on forms provided by the Division;

B) The required fee set forth in Section 1420.40; and

C) Certification from a jurisdiction of current licensure stating the date of issuance of the applicant's license and whether the records of the licensing authority contain any record of disciplinary action taken or pending.

2) The letter of authorization shall allow the applicant to perform accountancy activities as set forth in Section 8.05 of the Act for no longer than 6 months, or until denial of the application by the Department if sooner. Any individual performing accountancy activities under this subsection (c) shall be subject to discipline as if fully licensed under the Act.

Ill. Admin. Code tit. 68, § 1420.50

Amended at 29 Ill. Reg. 9853, effective August 1, 2005

Amended at 40 Ill. Reg. 3692, effective 3/11/2016