1. (1) An individual whose principal place of business, domicile, or residency is not in this state and who holds a valid and unrestricted license to practice public accounting from any state which the board or its designee has determined by rule to be in substantial equivalence with the licensure requirements of this chapter, or if the individual’s qualifications are substantially equivalent to the licensure requirements of this chapter, shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the privileges of licensees of this state without the need to obtain a license or to otherwise notify or register with the board or pay any fee. Provided, however, the board may by rule require individuals with a valid but restricted license to obtain a license.
(2) An individual who qualifies for the privilege to practice under this section may offer or render professional services in this state, whether in person, by mail, telephone, or electronic means, and no notice or other submission shall be required of any such individual.
Terms Used In Missouri Laws 326.283
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: the Missouri state board of accountancy established under section Missouri Laws 326.256
- Client: a person or entity that agrees with a licensee or licensee's employer to receive any professional service. See Missouri Laws 326.256
- Compilation: providing a service to be performed in accordance with Statements on Standards for Accounting and Review Services (SSARS) that is presented in the form of financial statements information that is the representation of management (owners) without undertaking to express any assurance on the statements. See Missouri Laws 326.256
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- CPA: the holder of a certificate or license as defined in this section. See Missouri Laws 326.256
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- License: a license issued under section Missouri Laws 326.256
- Licensee: the holder of a license as defined in this section. See Missouri Laws 326.256
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Principal place of business: the office location designated by the licensee for purposes of substantial equivalency and reciprocity. See Missouri Laws 326.256
- Professional: arising out of or related to the specialized knowledge or skills associated with certified public accountants. See Missouri Laws 326.256
- State: any state of the United States, the District of Columbia, Puerto Rico, the U. See Missouri Laws 326.256
- substantially equivalent: a determination by the board of accountancy or its designee that the education, examination and experience requirements contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination and experience requirements contained in this chapter or that an individual certified public accountant's education, examination and experience qualifications are comparable to or exceed the education, examination and experience requirements contained in this chapter. See Missouri Laws 326.256
- this state: means the state of Missouri. See Missouri Laws 326.256
(3) An individual licensee of another state exercising the privilege afforded under this section and the firm which employs such licensee hereby simultaneously consent, as a condition of the grant of this privilege:
(a) To the personal and subject matter jurisdiction and disciplinary authority of the board;
(b) To comply with this chapter and the board’s rules;
(c) That in the event the license from any state is no longer valid or unrestricted, the individual shall cease offering or rendering professional services in this state individually and on behalf of a firm; and
(d) To the appointment of the state board that issued the individual’s license as his or her agent upon whom process may be served in any action or proceeding by this board against the individual.
(4) An individual who has been granted the privilege to practice under this section who performs attest or compilation services shall comply with the provisions of section 326.289.
(5) Nothing in this chapter shall prohibit temporary practice in this state for professional business incidental to a CPA‘s regular practice outside this state. “Temporary practice” means that practice related to the direct purpose of an engagement for a client located outside this state, which engagement began outside this state and extends into this state through common ownership, existence of a subsidiary, assets or other operations located within this state.
2. A licensee of this state offering or rendering services or using his or her certified public accountant title in another state shall be subject to disciplinary action in this state for an act committed in another state for which the licensee would be subject to discipline for an act committed in the other state. Notwithstanding the provisions of section 326.274 to the contrary, the board may investigate any complaint made by the board of accountancy of another state.