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UAA |
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The UAA concept was simple: States would eliminate the existing "temporary and incidental" provisions that allowed the CPA profession to serve clients for 100 years virtually unhampered throughout the country and replace it with a standardized practice privilege that would be similar to a driver's license. This article will clarify substantial equivalency and identify recent changes in the UAA that are affecting its implementation in the 55 U. Under the "substantial equivalency" concept, which was developed by the AICPA and the National Association of State Boards of Accountancy as part of the Uniform Accountancy Act, CPAs with a valid license from a state with CPA licensing criteria that are "substantially equivalent" to those out-lined in the UAA can practice in another state without obtaining a license from that state. |
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