(225 ILCS 450/5) (from Ch. 111, par. 5506)
    (Section scheduled to be repealed on January 1, 2014)
    Sec. 5. Certification of out-of-State accountants.
    (a) Upon review of an applicant's educational and examination credentials by the Board of Examiners, the Department may issue a registration as a registered certified public accountant, without examination, to any applicant who holds a valid unrevoked certificate as a certified public accountant issued under the laws of any other state or territory of the United States or the District of Columbia, provided:
        (1) that the state that issued the certificate has
    
certification requirements that have been determined by the Board to be substantially equivalent to the certification requirements of Illinois and grants similar rights to those that Illinois grants to certificate holders;
        (2) that the state that issued the certificate has
    
certification requirements that the Board has determined not to be substantially equivalent to the certification requirements of Illinois or does not grant similar rights to Illinois certificate holders, but the Board determines that the individual applicant possesses personal qualifications substantially equivalent to Illinois' certification requirements; or
        (3) that the applicant does not qualify under
    
subsections (1) or (2) above, but the following conditions are met:
            (A) the certificate was granted to the applicant
        
on the basis of the Uniform Certified Public Accountant examination; and
            (B) the educational qualifications of the
        
applicant for a certificate, at the time of the written examination, were equivalent to the educational qualifications then required of applicants for admission to the Illinois examination for certified public accountant or, the applicant has, after passing the examination upon which his or her certificate was based, not less than 5 years of experience in the practice of public accounting within the 10 years immediately preceding this application, otherwise reasonably considered acceptable by the Board.
    (b) In determining the substantial equivalency of the requirements for certification or the rights granted to certificate holders pursuant to this Section, the Department may rely on the determinations of the National Qualification Appraisal Service of the National Association of State Boards of Accountancy or any other qualification appraisal service, as it deems appropriate.
(Source: P.A. 93-683, eff. 7-2-04.)