A candidate for the examination obtaining a general weighted average
of seventy-five percent and above shall be entitled to registration as
certified public accountant and as such shall receive a certificate of
registration from the Board of Accountancy; Provided, That in no case
should the rating on any subject be less than sixty-five percent. In
the event a candidate obtains the rating of seventy-five percent and
above in at least four (4) subjects having a combined weight of eight
(8) units as provided for in this Act, he shall receive a conditional
credit for the subjects passed; Provided, However, That such candidates
shall take an examination in the remaining subjects within two years
from the preceding examination; Provided further, That if the candidate
fails to obtain at least a general weighted average of seventy-five
percent and a rating of at least sixty-five percent in each of the
subjects reexamined, he shall be considered as failed in the entire
examination.
Failing candidates to take refresher course. Any candidate who fails
in two complete Certified Public Accountant board examinations shall be
disqualified from taking another set of examination unless he submits
evidence to the satisfaction of the Board of Accountancy that he has
enrolled in and completed at least twenty-four units of subjects given
in Certified Public Accountant Examinations.
For purposes of this Law, the examinations in which the candidate was
conditioned together with the removal examination on the subject in
which he failed shall be counted as one complete examination.
