12 AAC 04.180. Documentation of experience

(a) To fulfill the experience requirements of AS 08.04.120 and this chapter, an applicant for a certified public accounting certificate must show, to the satisfaction of the board, that the applicant's attest background includes experience in the

(1) application of a variety of auditing procedures and techniques to the usual and customary financial transactions recorded in accounting records;

(2) preparation of audit working papers covering the examination of the accounts usually found in accounting records;

(3) planning of audit work;

(4) preparation of written explanations and comments on the findings of the examination and on the content of the accounting records; and

(5) analysis and preparation of audited or reviewed financial statements, including explanations and notes.

(b) An applicant must document enough experience to

(1) earn the minimum experience points required in 12 AAC 04.181; and

(2) have obtained the minimum attest function hours required in 12 AAC 04.183.

(c) To document the required experience, an applicant shall, on a form provided by the department, give a summary of work experience that

(1) describes the type of each attest engagement;

(2) identifies the number of each type of attest engagement; and

(3) identifies the number of hours of participation in each type of attest engagement.

(d) The specific identity of a client shall remain confidential and may not be disclosed when documenting work experience, except when necessary to comply with (e) of this section.

(e) The board will, in its discretion, require an applicant to provide work papers or other documentation to substantiate the professional experience claimed.

(f) Each year of experience required under AS 08.04.120 must consist of a cumulative total of 12 calendar months of work experience; however, the months need not be consecutive.

History: Eff. 9/9/72, Register 43; am 8/3/79, Register 70; am 5/28/81, Register 78; am 4/18/82, Register 82; am 8/14/87, Register 103; am 10/1/88, Register 107; am 8/18/90, Register 115; am 11/15/96, Register 140

Authority: AS 08.04.070

AS 08.04.120

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