(1) The board may issue a certificate, license, or permit to practice to a certificate holder, license holder, or permit holder of a current and unencumbered license, certificate, or permit to practice from another jurisdiction who meets the requirements established in 37-50-302 or 37-50-303, and 37-50-314, MCA.

(2) The board may waive the education requirements and issue a certificate, license, or permit to practice to a holder of a certificate, license, or permit issued by another jurisdiction. The applicant must show they:

(a) passed the examination required for issuance of the certificate, license, or permit with grades that would have been passing grades at the time in this state;

(b) had four years' experience in the practice of public accountancy after passing the examination upon which the certificate, license, or permit was based, within the ten years immediately preceding the application;

(c) maintained a certificate, license, or permit for more than four years prior to the application for issuance of an initial certificate, license, or permit in this state;

(d) passed the professional ethics for CPAs course developed by the AICPA; and

(e) fulfilled the requirements of continuing professional education established under ARM 24.201.2106.

(3) Incomplete applications for licensure or certification that are older than 12 months will be considered invalid and void. The applicant will be required to re-apply and pay another fee.