A person shall, upon application to the Board, be exempt from the examination requirements specified in 31.0213, who is the holder of:
(1) a valid certificate of certified public accountant issued under the laws of another state; or
(2) a valid certificate, license, or degree in a foreign country determined by the Board to be:
(A) a recognized qualification for the practice of public accountancy in that other country;
(B) comparable to a certificate of certified public accountant of this Territory; and
(C) issued to that person on the basis of an examination comparable to the examination described in 31.0213.History: 1978, PL 15-75.