1926 Laws of Maryland Ch. 677
(c) The Board may make such use as it may deem appropriate
of all or any part of the uniform CPA examination and the advisory
grading service offered by the American Institute of Certified Public
Accountants, or such other assistance as it may from time to time
select to assist it in preparing, proctoring and grading the exami-
nation, or in determining educational equivalences, and may accept
as final the determinations of any such assisting agency. The Board
may send the examination answers by mail or express to any grad-
ing agency selected by it wherever located, and shall incur no
responsibility in case of destruction, loss or non-delivery of all or
any of such answers.
(d) The Board may by regulation prescribe the terms and con-
ditions under which if at all a candidate who passes the examination
in one or more of the subjects may be given credit therefore and
be re-examined in only the remaining subjects. It may also provide
by regulation for a reasonable waiting period, and for additional
preparation and other conditions for a candidate's re-examination
in subjects he has failed. Subject to the foregoing a candidate shall
be entitled to any number of re-examinations.
(e) The Board shall charge each candidate a fee to be determined
by the Board not in excess of $50.00 for his initial examination. A
fee for re-examination or subsequent examination shall also be
charged by the Board in an amount determined by it not in excess
of $50.00 for each examination in all subjects, and in such smaller
amount for each examination in less than all subjects as the Board
may establish by regulation. The applicable fee shall in each case
accompany the candidate's examination application.
5. RECIPROCAL CERTIFICATES
(a) The Board may in its discretion waive the examination and
issue by reciprocity a certificate as a certified public accountant of
Maryland upon being satisfied that:
(1) The applicant is and has been a resident of Maryland con-
tinuously for at least one year immediately preceding the date of
filing his application; or is a general partner in a partnership
registered or about to be registered under Section 6, or is an officer
of a corporation authorized to practice under Section 9, and intends
to participate in or supervise the partnership's or corporation's
public accounting practice in Maryland as a member of such partner-
ship [;] or corporation;
(2) He has the qualifications specified in Section 2 (a) (1), (3)
and (4) and meets [the requirements in Section 3 in effect when
his application for such reciprocal certificate is filed;] what the
Board determines to be substantially the equivalent of the applicable
qualifications in Section 3, taking into consideration his education
and experience.
(3) He holds a certificate as a certified public accountant then
in full force and effect issued under the laws of any state, or a
certificate, license or degree then in full force and effect in a foreign
country constituting a recognized qualification for the practice of
public accounting therein comparable to that of a certified public
accountant of Maryland. [; and
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