Question

The process of a CPA obtaining a certificate and license in a state other than the state in which the CPA's certificate was originally obtained is referred to as: __________

a. substantial equivalency.
b. quid pro quo.
c. relicensing.
d. re-examination.

Answer 1

a. substantial equivalency.

Step-by-step explanation:

The process of a certified public account (CPA) obtaining a certificate and license in a state other than the state in which the CPA's certificate was originally obtained is referred to as substantial equivalency.