1924                             Laws of Maryland                       Ch. 677

(2)  Graduation from a school, college or university recognized
by the Board as a school of accountancy, after satisfactory comple-
tion at one or more of such institutions of courses in accounting, law
and accessory subjects deemed by the Board to be substantially
equivalent to such approved accounting major; or in the alternative
to (2).

(3)  At least two years of practical experience in public account-
ing satisfactory to the Board, or a combination satisfactory to the
Board of such experience and institutional training.

(b) On and after July 1, 1965, the educational or experience re-
quirements shall be:]

(1)   (a) Satisfactory completion of two years of academic work
consisting of not less than 60 semester hours taken at one or more
colleges or universities accredited or recognized as a standard insti-
tution of college grade by the Maryland State Department of Edu-
cation if such institution is located in Maryland, or by the Board if
such institution is located outside of Maryland, whether such work
is taken independently or in conjunction with an accounting major
[as provided in subsection (a) (2) of this section;], or graduation
from a junior college accredited or recognized as aforesaid, provided
in each instance that the applicant has successfully completed a
course of studies which the Department and the Board shall have
deemed appropriate and adequate for the purpose of pre-accountancy
education [;], or the substantial equivalent thereof as determined
by the Department or by the Board as the case may be; and
(b) either (1) graduation from or completion of an accounting
major equivalent as defined by the Board at one or more schools,
colleges or universities recognized by the Board as schools of account-
ancy, [as provided in subsection (a) (2) of this section, or com-
pliance with the alternative requirement for practical experience
in public accounting or combination of such experience and institu-
tional training as provided in subsection (a) (3) of this section],
or (2) at least two years of practical experience in public accounting
satisfactory to the Board, or a combination satisfactory to the Board
of such experience and institutional training; or

(2)  Graduation from or completion of a business administration
course consisting of not less than 72 semester hours of study taken
in one or more schools, junior colleges, colleges, or universities rec-
ognized by the Board or accredited by a regional or national accredit-
ing agency recognized as such by the U. S. Office of Education, pro-
vided that the course of study is deemed appropriate and adequate
by the Board for the purposes of an accountancy education, and
completion of at least two years of practical experience in public
accounting satisfactory to the Board.

(b) On and after July 1, 1974, the educational requirements shall
be:

A baccalaureate or a higher degree with a major in accounting
as defined by the Board, or with a non-accounting mayor supple-
mented by what the Board, determines to be substantially the equiva-
lent of an accounting major, awarded by a school or college that is
a member of the American Association of Collegiate Schools of
Business, or by a school or college (or by a constituent unit of
such institution) that is accredited by the Middle States Associa-