Substantial Equivalency Practice Privileges
Department or Administrative Unit
In the age of electronics work moves nimbly across geographic lines, and licensed CPAs in good standing want to be able to practice just as easily. To give CPAs the professional mobility to work in more than one jurisdiction without having to undergo a time-consuming, redundant licensing process, the Uniform Accountancy Act (UAA) introduced the concept or "substantial equivalency." This article will clarify substantial equivalency and identify recent changes in the UAA that are affecting its implementation in the 55 U.S jurisdictions (the 50 states, Puerto Rico, the District of Columbia, the U.S. Virgin Islands, Guam and the Commonwealth of the Northern Manana Islands).
Thompson, J. & Rydholm, A. (2006). Substantial equivalency practice privileges. Journal of Accountancy.
Journal of Accountancy
Copyright © 2006 American Institute of CPAs