(A) A holder of a CPA certificate or PA registration who holds an Ohio registration defined in division (B) of section 4701.10 of the Revised Code, and who wishes to obtain the Ohio permit defined in division (A) of section 4701.10 of the Revised Code must first complete one hundred twenty credits of continuing education that must be earned in the period preceding application for the Ohio permit, unless the Ohio registration holder is a certified public accountant and has not held an Ohio CPA certificate for three years. The continuing education must be taken in subjects approved by the board.

(B) An Ohio permit holder who is deficient in continuing education at the time of obtaining an Ohio registration must report the amount of the deficiency plus the continuing education requirement specified in paragraph (A) of this rule before an Ohio permit can be issued, unless a lesser requirement has been approved by the board in accordance with rule 4701-15-06 of the Administrative Code.