Section 08.04.420. Practice privileges.

   (a) Except as limited by (b) of this section, an individual who does not have a license in this state, but who is licensed to practice public accounting in another state and whose principal place of business for the practice of public accounting is in the other state may engage in the practice of public accounting in this state under a practice privilege if the state in which the individual is licensed to practice public accounting
        (1) requires as a condition of licensure that an individual
             (A) have at least 150 semester hours of college education, including a baccalaureate or higher degree conferred by a college or university;
             (B) achieve a passing grade on the Uniform Certified Public Accountant Examination; and
             (C) possess at least one year of experience, which includes providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax, or consulting skills; the experience may be obtained through practice with the government, industry, colleges, universities, or the public; or
        (2) does not require as a condition of licensure that an individual satisfy the requirements of (1) of this subsection, but the individual's qualifications are substantially equivalent to the requirements of (1) of this subsection; however, for the purposes of this paragraph, the education of an individual who holds a valid license to practice public accounting that is issued by another state before January 1, 2013, and who passes the Uniform Certified Public Accountant Examination before January 1, 2013, is exempt from the education requirement identified in (1)(A) of this subsection.
   (b) Unless the individual is a sole practitioner, if an individual who engages in the practice of public accounting under a practice privilege under (a) of this section performs designated functions for a client whose home office is in this state, the individual may only provide the designated functions through a legal entity that has a permit.
   (c) An individual who may engage in the practice of public accounting in this state under (a) or (b) of this section is not required to provide a notice to the board, to pay a fee to the board, or to submit documentation to the board in order to engage in the practice of public accounting in this state. The person may engage in the practice of public accounting by mail, by telephone, by electronic means, or in person.

Authorities

8.04.500; 8.04.680

Notes

Implemented As

12 AAC 04.250

References

12 AAC 04.600
12 AAC 04.690
12 AAC 04.990
AS 8.04.500 .500">Sec. 08.04.500. Individual posing as a certified public accountant.
AS 8.04.680 .680">Sec. 08.04.680. Definitions.

History

(Sec. 10(5) ch 187 SLA 1960; am Sec. 11 ch 147 SLA 1976; am Sec. 8 ch 37 SLA 1985; am Sec. 7 ch 29 SLA 1996; am Sec. 24 ch 16 SLA 2006; am Sec. 15 ch 67 SLA 2010)