Regulation of Accountants – Montana

Pursuant to Mont. Code Anno., § 37-50-302, the board shall grant an initial certificate as a certified public accountant to any person who:

  • is of good moral character;
  • has successfully passed the certified public accountants’ examination; and
  • meets the requirements of education set forth in this chapter and in board rules.

Mont. Code Anno., § 37-50-310 provides that persons who, on July 1, 1969, held certified public accountant certificates heretofore issued under the laws of the state shall not be required to obtain additional certificates under this chapter but shall otherwise be subject to all provisions of this chapter.  Such certificates heretofore issued shall, for all purposes, be considered certificates issued under this chapter and subject to the provisions hereof.

Pursuant to Mont. Code Anno., § 37-50-311, the board in its discretion may waive the examination and issue a certificate as a certified public accountant to any person otherwise eligible who is the holder of:

  • a certificate, license, or permit as a certified public accountant, then in full force and effect, issued under the laws of any state;
  • a certificate, license, or degree in a foreign country constituting a recognized qualification for the practice of public accounting in that country, comparable to that of a certified public accountant in this state, which is then in full force and effect; or
  • a certificate, license, or degree that the board considers to be subject to requirements or qualifications substantially equivalent to or greater than the requirements of this state at the time of the holder’s application.

Mont. Code Anno., § 37-50-312 provides that the board in its discretion may waive the examination and register as a licensed public accountant any person otherwise eligible who is the holder of:

  • a license as a licensed public accountant, then in full force and effect, issued under the laws of any state;
  • a license or degree in a foreign country constituting a recognized qualification for the practice of public accounting in that country, comparable to that of a licensed public accountant in this state, which is then in full force and effect; or
  • a certificate, license, or degree that the board considers to be subject to requirements or qualifications substantially equivalent to or greater than the requirements of this state at the time of the holder’s application.

Mont. Code Anno., § 37-50-313 provides that the board may in its discretion recognize the credentials of any person of good moral character who is the holder of a certificate, license, or degree in a foreign country constituting a recognized qualification for the practice of public accounting in that country.  A person whose credentials are recognized may use only the title under which the person is generally known in that country, followed by the name of the country from which the person received the certificate, license, or degree.  A person whose credentials are recognized by the board may practice public accounting under the terms and conditions established by the board.

Pursuant to Mont. Code Anno., § 37-50-314, a person may not engage in the practice of public accounting in the state without a current permit issued by the department.  A permit to engage in the practice of public accounting in the state must be issued by the department to a person who holds a current certificate as a certified public accountant or license as a licensed public accountant and complies with the requirements of this chapter.  The current permit to engage in the practice of public accounting must be prominently displayed for public inspection.

Mont. Code Anno., § 37-50-342 provides that any person who violates any provision of this chapter or the rules of the board is guilty of a misdemeanor and upon conviction shall be punished by a fine of not more than $ 500, by imprisonment in the county jail for not more than 6 months, or by both such fine and imprisonment.

Pursuant to Mont. Code Anno., § 37-50-401, any person practicing as an accountant, public accountant, or certified public accountant in this state who, because of negligence, gross inefficiency, or willfulness, issues or permits the issuance of any false statement of the financial transactions, standing, or condition of any firm or individual business undertaking is guilty of a misdemeanor and upon conviction shall be fined not less than $ 500 or more than $ 2,000, be imprisoned for a period of not less than 90 days or more than 1 year, or both.


Inside Regulation of Accountants – Montana