(Section scheduled to be repealed on January 1, 2029)

186 words·~1 min read·/il/chapter-225/act-450/1-42

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 5.1. Foreign accountants. The Board shall certify a holder of a foreign designation, granted in a foreign country entitling the holder thereof to engage in the practice of public accounting, provided:

(a)The foreign authority that granted the designation makes similar provision to allow

a person who holds a valid certification issued by this State to obtain the foreign authority's comparable designation; and

(b)The foreign designation

(i)was duly issued by a foreign authority that regulates

the practice of public accounting and the foreign designation has not expired or been revoked or suspended; and

(ii)was issued upon the basis of educational and examination requirements established by the foreign authority or by law; and

(c)The applicant

(i)received the designation based on educational and examination

standards substantially equivalent to those in effect in this State at the time the foreign designation was granted; and

(ii)passed a uniform qualifying examination in national standards and an examination on the laws, regulations, and code of ethical conduct in effect in this State acceptable to the Board.