Maryland Certified Public Accountant
Reciprocity Exam Practice Questions
And Correct Answers (Verified Answers)
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1. Which organization primarily governs the Uniform Accountancy Act
(UAA) used as a model for CPA reciprocity across U.S. states?
A. IRS
B. AICPA
C. SEC
D. PCAOB
B. AICPA
The AICPA collaborates with state boards to develop model
legislation such as the UAA, which promotes CPA mobility and
reciprocity standards across jurisdictions.
2. Under CPA reciprocity principles, what is the most common
requirement for a CPA licensed in another state to practice in
Maryland?
A. Passing the Maryland ethics exam only
, B. Obtaining a new Maryland degree
C. Holding a valid CPA license in good standing from another state
D. Retaking all four CPA exam sections
C. Holding a valid CPA license in good standing from another state
Reciprocity generally allows CPAs in good standing from substantially
equivalent jurisdictions to practice without retaking the CPA exam.
3. Which body issues the CPA license in Maryland?
A. AICPA
B. Maryland State Department of Education
C. Maryland Board of Public Accountancy
D. NASBA
C. Maryland Board of Public Accountancy
State boards of accountancy are responsible for issuing CPA licenses
and enforcing professional regulations within their jurisdiction.
4. What is a key condition for CPA mobility under the UAA?
A. Must be a U.S. citizen
B. Must pass a state-specific exam
C. Must hold a valid CPA license and meet substantial equivalency
D. Must be a member of AICPA
C. Must hold a valid CPA license and meet substantial equivalency
Mobility provisions allow CPAs to practice across states if their
original license meets uniform standards of education, examination,
and experience.
5. Which standard primarily governs CPA ethical behavior?
A. GAAP
B. AICPA Code of Professional Conduct
C. IFRS
D. FASB Concepts Statement
B. AICPA Code of Professional Conduct
, The AICPA Code outlines ethical principles such as integrity,
objectivity, and independence that guide CPA professional conduct.
6. What is required for CPA licensure reciprocity if a CPA is from a non-
substantially equivalent state?
A. Automatic approval
B. Additional experience or exam requirements
C. No action required
D. Only a background check
B. Additional experience or exam requirements
If a CPA’s original state does not meet substantial equivalency,
additional requirements must be fulfilled before reciprocity is
granted.
7. Which of the following best describes “substantial equivalency”?
A. Identical tax laws across states
B. Same CPA exam scores nationwide
C. Education, exam, and experience standards comparable to UAA
D. Same accounting software usage
C. Education, exam, and experience standards comparable to UAA
Substantial equivalency ensures CPA qualifications are comparable
even if not identical across jurisdictions.
8. Which exam is required for CPA licensure in all U.S. states?
A. CMA Exam
B. CPA Exam
C. CIA Exam
D. EA Exam
B. CPA Exam
The Uniform CPA Examination is required in every jurisdiction as a
core licensure requirement.
Reciprocity Exam Practice Questions
And Correct Answers (Verified Answers)
Plus Rationale 2026 Q&A| Instant
Download Pdf
1. Which organization primarily governs the Uniform Accountancy Act
(UAA) used as a model for CPA reciprocity across U.S. states?
A. IRS
B. AICPA
C. SEC
D. PCAOB
B. AICPA
The AICPA collaborates with state boards to develop model
legislation such as the UAA, which promotes CPA mobility and
reciprocity standards across jurisdictions.
2. Under CPA reciprocity principles, what is the most common
requirement for a CPA licensed in another state to practice in
Maryland?
A. Passing the Maryland ethics exam only
, B. Obtaining a new Maryland degree
C. Holding a valid CPA license in good standing from another state
D. Retaking all four CPA exam sections
C. Holding a valid CPA license in good standing from another state
Reciprocity generally allows CPAs in good standing from substantially
equivalent jurisdictions to practice without retaking the CPA exam.
3. Which body issues the CPA license in Maryland?
A. AICPA
B. Maryland State Department of Education
C. Maryland Board of Public Accountancy
D. NASBA
C. Maryland Board of Public Accountancy
State boards of accountancy are responsible for issuing CPA licenses
and enforcing professional regulations within their jurisdiction.
4. What is a key condition for CPA mobility under the UAA?
A. Must be a U.S. citizen
B. Must pass a state-specific exam
C. Must hold a valid CPA license and meet substantial equivalency
D. Must be a member of AICPA
C. Must hold a valid CPA license and meet substantial equivalency
Mobility provisions allow CPAs to practice across states if their
original license meets uniform standards of education, examination,
and experience.
5. Which standard primarily governs CPA ethical behavior?
A. GAAP
B. AICPA Code of Professional Conduct
C. IFRS
D. FASB Concepts Statement
B. AICPA Code of Professional Conduct
, The AICPA Code outlines ethical principles such as integrity,
objectivity, and independence that guide CPA professional conduct.
6. What is required for CPA licensure reciprocity if a CPA is from a non-
substantially equivalent state?
A. Automatic approval
B. Additional experience or exam requirements
C. No action required
D. Only a background check
B. Additional experience or exam requirements
If a CPA’s original state does not meet substantial equivalency,
additional requirements must be fulfilled before reciprocity is
granted.
7. Which of the following best describes “substantial equivalency”?
A. Identical tax laws across states
B. Same CPA exam scores nationwide
C. Education, exam, and experience standards comparable to UAA
D. Same accounting software usage
C. Education, exam, and experience standards comparable to UAA
Substantial equivalency ensures CPA qualifications are comparable
even if not identical across jurisdictions.
8. Which exam is required for CPA licensure in all U.S. states?
A. CMA Exam
B. CPA Exam
C. CIA Exam
D. EA Exam
B. CPA Exam
The Uniform CPA Examination is required in every jurisdiction as a
core licensure requirement.
