his application has been filed, and said board shall have the power to adopt all other reasonable rules and regulations, not inconsistent herewith as may be necessary to carry into effect the objects and purposes of this act.

All such examinations shall be conducted by the State Board of Accountancy. The examinations shall take place as often as may, in the opinion of the board, be necessary, at such date and place as may be selected by it, but not less than once in each calendar year.

Said board shall keep a complete record of its proceedings, and an accurate list of all applications made, certificates issued, certificates revoked, a complete record of cash receipts and disbursements, and shall make report of same annually to the Governor on the thirty-first of December.

Said board shall adopt and provide itself with a seal with a band inscribed "State Board of Accountancy of Kentucky," with the coat of arms of the State of Kentucky in the center, and all certificates issued as provided for in this act, shall be signed by the President and Secretary of said board and shall bear the imprint of said seal.

A majority of said board shall constitute a quorum and the affirmative vote of two members shall be considered as the action of said board except in case of revoking a certificate, in which case the unanimous vote of the board shall be required.

§ 4. Every applicant for certificate as certified public accountant shall be

A citizen of the United States or a person who has, in good faith, declared his intention of becoming such citizen; not less than twenty-five years of age; of good moral character; a graduate of a high school with a four-year course, or who, in the opin

ion of the board, possesses an education fully equivalent to that of a graduate of a high school with a four-year course; who has had at least three years' experience in the practice of accounting, at least one year of which shall have been either in the office of a practicing accountant or in individual practice as a public accountant.

§ 5. No person (except those provided for under section six of this act) shall have issued to him a certificate as certified public accountant until after he has been found qualified by written examination, conducted by the State Board of Accountancy of Kentucky in the subjects of "Practical Accounting," "Theory of Accounts," "Auditing" and "Commercial Law as Affecting Accountancy."

6. That said Board of Accountancy shall waive the examination of and issue a certificate as a certified public accountant to any person who furnishes said board with evidence of satisfactory work in accounting completed by him and who possesses the qualifications mentioned in section four of this act, as to age, citizenship, moral character, preliminary education and experience in practice of accountancy, who is a citizen of the State of Kentucky, and who for more than three years immediately preceding the passage of this act shall have been practicing on his own account as a public accountant and who shall apply in writing for such certificate within ninety days after the passage of this act; provided, that such applicant shall submit with his application proof of his age, citizenship, good moral character, educational qualifications and experience in the practice as a public accountant as set out in section four of this act; or to any person who is the legal holder of a certificate as certified public accountant or chartered accountant issued by

or under the authority of any other State or Territory of the United States, District of Columbia or foreign nation; provided, however, that the Kentucky State Board of Accountancy shall be satisfied that the standards and requirements for the issue of such certificates are fully equivalent to those established by this act.

$ 7. For the purpose of this act a public accountant is hereby defined as a person skilled in the knowledge and science of accounting who holds himself out to the public as a practicing accountant for compensation and who maintains an office for the transaction of such and whose time during the regular business hours of the day is devoted to the practice of accounting as a professional public accountant.

8. Any person who has received from said State Board of Accountancy a certificate of his qualifications to practice as a certified public accountant as herein provided, shall be known as a certified public accountant, and no other person and no partnership, all the members of which have not received such certificate and no corporation shall assume such title of certified public accountant or chartered accountant, or use the abbreviation, "C. P. A." or "C. A." or any other words, letters, or abbreviations indicating that such person, firm or corporation is the holder of certificates as herein provided for. All firms and partnerships as are authorized to do business under the provisions of this section of this act shall at all times keep on file with the Secretary of the said State Board of Accountancy, the names and post office address of each member of said firm or partnership, which record shall at all reasonable times be open to the inspection of any person holding a certificate as certified

public accountant, issued under the provisions of this act.

9. For the purpose of defraying the expenses of said board, a fee of twenty-five dollars shall be paid into the treasury of said board by each of the members of the first board appointed by the Governor, and a like sum shall be paid into the treasury of the Board of Accountancy by each person applying thereto for a certificate as certified public accountant, which fee must accompany the application and no part of said fee shall be refunded, but no additional charge can be made against the applicant by the board for holding the examination or determining his right to the certificate or issuing to him a certificate as certified public accountant.

Any applicant failing to receive a certificate upon his first application, under section six of this act, or any applicant who fails to pass at his first examination shall be entitled to enter at any stated examination held within one year from the date of his failure to procure a certificate, as provided for in this act, without payment of any additional fee.

§ 10. Members of the board to be appointed under the provisions of this act shall be paid for the time actually expended in the pursuance of the duties imposed upon them by this act an amount not exceeding five dollars per day, and they shall be entitled to necessary traveling expenses when on official business of the board.

All necessary expenses incident to carrying out the provisions of this act shall be paid out of the funds of the board, but no expenses incurred under this act shall ever be a valid charge against the funds of the State of Kentucky.

§ 11. Said State Board of Accountancy shall revoke certificates issued under the provisions of this

act, and held by any person who may be guilty of knowingly issuing or certifying to any false statement or statements or who has been convicted of crime involving moral turpitude, or who fails to pay the annual dues within sixty days after same is due; provided, however, that written notice of such proposed action shall have been delivered in person or forwarded by registered mail to the holder of such certificate at his last known post office address, stating the cause for such contemplated action, together with a copy of the charges and appointing a time and place for hearing thereon by the State Board of Accountancy; provided, however, that no certificate issued under this act shall be revoked until after such hearing and at all such hearings both the board and the accused may be represented by counsel. Any certificate issued by this board and subsequently revoked shall be surrendered to the board.

§ 12. The Board of Accountancy hereby created shall not have the power to create any debt or incur any expense beyond the funds of the board, which. shall consist of the fees hereinbefore fixed and an annual fee of not exceeding two dollars which shall be paid at such time as may be fixed by said board by every person holding a certificate as certified public accountant issued by said board. Any person desiring to be relieved of the annual dues may do so by voluntarily surrendering his certificate to the board, after which he shall not be considered or known as a certified public accountant within the meaning of this act, unless he is again qualified by the examination, as provided for in this act.

§ 13. Any person violating any of the provisions of this act shall be deemed guilty of a misdemeanor and upon conviction shall be fined not less than ten