(A) The continuing education requirement for certified public accountants and public accountants holding the Ohio permit is one hundred twenty credits for each triennial reporting period. The triennial reporting period begins on January first and ends on December thirty-first three years later.

(B) All Ohio permit holders must complete the continuing education requirement defined in paragraph (A) of this rule by December thirty-first of the year in which the Ohio permit expires. Credit earned after that date may not be claimed toward fulfillment of the requirement unless the board grants an extension of time in accordance with rule 4701-15-07 of the Administrative Code.

(C) The continuing education requirement for new certified public accountants holding the Ohio permit is forty credits. The two-year reporting period begins on January first of the year in which the new certified public accountant obtains the CPA certificate, and ends on December thirty-first of the year following the year in which the new certified public accountant obtains the CPA certificate.