| (1) |
A person currently licensed as a certified public accountant may, on any renewal date of that license, apply for and obtain a transfer of that license to a status of CPA emeritus registration if:
Terms Used In Utah Code 58-26a-307- Board: means the Utah Board of Accountancy created in Section 58-26a-201. See Utah Code 58-26a-102
- CPA: means an individual currently licensed by this state or any other state, district, or territory of the United States of America to practice public accountancy or who has been granted a license as a certified public accountant under prior law or this chapter. See Utah Code 58-26a-102
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Licensee: means the holder of a current valid license issued under this chapter. See Utah Code 58-26a-102
- Peer review: means a board approved study, appraisal, or review of one or more aspects of the attest and compilation services rendered by a licensee in the practice of public accounting, performed by a licensee holding an active license in this or another state who is not affiliated with the licensee being reviewed. See Utah Code 58-26a-102
- Person: means :Utah Code 68-3-12.5
- Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
| (a) |
| (i) |
the licensee is at least 60 years of age as of the date of renewal; |
| (ii) |
the licensee has a disability; or |
| (iii) |
the board finds other good cause for believing that the licensee will not return to the practice of public accountancy; |
|
| (b) |
the licensee makes an application for transfer of status and registration and pays a registration fee determined by the department under Section 63J-1-504; |
| (c) |
the licensee, on application for transfer, certifies that the licensee will not engage in the practice of public accountancy while in the status of CPA emeritus registration; and |
| (d) |
the licensee is in good standing as a CPA and not subject to any order of revocation, suspension, or probation. |
|
| (2) |
Each CPA emeritus registration shall be issued in accordance with a two-year renewal cycle established by rule. |
| (3) |
CPA emeritus registrants may not engage in the practice of public accountancy. |
| (4) |
CPA emeritus registrants are not required to fulfill the continuing professional education or peer review provisions of this chapter. |
| (5) |
Each CPA emeritus registrant is responsible for renewing the registration, according to procedures that the division establishes by rule in collaboration with the board in accordance with Section 58-1-308. |
| (6) |
A CPA emeritus registrant may reinstate the CPA license by:
| (a) |
submitting an application in a form prescribed by the division; |
| (b) |
paying a fee determined by the department under Section 63J-1-504; and |
| (c) |
showing evidence of having completed the continuing professional education requirement established by rule. |
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Amended by Chapter 366, 2011 General Session
