Page:United States Statutes at Large Volume 80 Part 1.djvu/824

 788

PUBLIC LAW 89-578-SEPT. 16, 1966

[80 STAT.

(b) Applications for certificate of certified public accountant by examination approved prior to the effective date of this Act by the Commissioners of the District of Columbia, created under prior law, shall be regarded as applications filed under this Act, and the terms and conditions governing carryover credits for having passed a part of the examination in effect at the effective date of this Act, shall control with respect to such applications. (c) A person who holds a certificate of certified public accountant issued under the laws of the District of Columbia on the effective date of this Act shall not be required to obtain an additional certificate under this Act, but shall otherwise be subject to all the provisions of this Act and such certificate shall, for all purposes, be considered a certificate issued under this Act and subject to the provisions hereof. The holder of a certificate of certified public accountant which is in full force and effect, shall be styled and known as a certified public accountant and may also use the abbreviation "C.P.A.". Educational and gj^^^ Y. (a) Commencing on the effective date of this Act and for experience rC' one year thereafter the educational and experience requirements shall quirements be: (1) Completion of a four-year course of study at an approved high school, or the equivalent of such a course of study, and (2) Completion of a. resident course of study satisfactory to the Commissioners at an institution, junior college, or school of accountancy, or combination thereof, of not less than sixty semester hours of which a minimum of thirty semester hours shall have been in accounting theory and practice, in auditing, and in commercial law as affecting accountancy, and the remainder of the semester hours shall have been in subjects satisfactory to the Commissioners, and (3) Not less than one j^ear's experience satisfactory to the Commissioners in the full-time employment of a certified public accountant of the District of Columbia or of any State or territory of the United States, regularly engaged in the full-time public practice of his profession as a certified public accountant, or in the full-time employment of a firm of certified public accountants all the partners of which are certified public accountants of the District of Columbia or of some other State or territory of the United States, and said firm is regularly engaged in the full-time public practice as certified public accountants. (b) Commencing one year from the date of enactment of this Act, the educational and experience requireinents shall be: (1)(A) Completion of a four-year course of study at an approved high school, or the equivalent of such a course oi study, and (B) Completion of a resident course of study satisfactory to the Commissioners at an institution, junior college, or school of accountancy, or combination thereof, of not less than sixty semester hours of which a minimum of thirty semester hours shall have been in accounting theory and practice, in auditing, and in commercial law as affecting accountancy and the remainder of the semester hours shall have been in subjects satisfactory to the Commissioners, and (C) Not less than four years' experience satisfactory to the Commissioners in the full-time employment of a certified public accountant of the District of Columbia or of some other State or territory of the United States regularly engaged in the full-time public practice of his profession as a certified public accountant or in the full-time employment of a firm or certified public accountants, all the partners of which are certified public accountants of the District of Columbia or of some other State or terri-

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