single subject in which he receives a passing grade. A candidate must, at each examination, make a bona fide effort to pass all subjects in which he does not hold a valid unexpired conditional credit, otherwise his examination papers will not be considered. Persons possessing the qualifications for examination for a license to practice as a public accountant may be granted a permit to practice public accounting as a staff accountant in the employ of a firm of certified public accountants or public accountants pending an opportunity to be examined for a certificate as a certified public accountant or for a license to practice as a public accountant. Persons to whom such permits are granted shall take the first available examination, and it unsuccessful, applicant has been noticed of his ailure to receive a passing grade on his second the next succeeding examination. Such permits will expire within 30 days after the successive examination under his fecto A upon is attaining a passing grace whichever is me earler. 百 Suc. à. Upon payment of a fee of $25. 17 a person wwenty- to Aectice Qubite accounting in his state * Icense signed by the chairman and secretary mission. A person refused 3 icense Y SUIT samnation upon payment 2.0. Sec. 5. Chapter 7: Composition of Accountancy Boards in those States Having Regulatory Statutes (a) To receive and investigate complaints and to initiate and conduct investigations or hearings, with or without the filing of any complaint, and to obtain information and evidence relating to any matter involving the conduct of public accountants. (b) To receive and investigate complaints and to initiate and conduct investigations or |