12 AAC 04.430 - Inactive licenses
(a) To obtain or renew an inactive license
under AS
08.04.410, the holder of a license must
submit
(1) an application on a form provided
by the department; and
(2) the fee
set out in
12 AAC
02.340(5).
(b) To resume the active practice of public
accounting, the holder of an inactive license must submit
(1) an application on a form provided by the
department;
(2) the applicable fee
set out in
12 AAC 02.340; and
(3) documentation that shows the applicant's
completion of at least 120 hours of approved continuing education, in
accordance with
12 AAC 04.310 -
12 AAC 04.410, during the 36
months immediately before the date of the application; no more than 16 of the
hours required in this paragraph may be from continuing education programs
described in
12 AAC
04.360(5).
(c) The hours of continuing education
required in (b) of this section do not satisfy the continuing education
requirement for a subsequent renewal of the reactivated license.
(d) Notwithstanding
12 AAC 04.300, a licensee whose
license has been reactivated under this section shall complete at least
(1) 10 hours of approved continuing education
for each full calendar quarter between the date that the license was
reactivated and the next renewal date; or
(2) repealed 7/25/2001;
(3) 80 hours of approved continuing education
between the date that the permit was reactivated and the next renewal
date.
(e) When a license
is in "inactive" status, that status must be made clear by the licensee by the
addition of "CPA-lnactive" or "CPA (inactive)" when using the CPA designation
in any form, including on business cards, email signatures, websites, and
social media accounts.
(f) When a
license is in inactive status, the licensee may not practice public accounting
or offer to practice public accounting.
Notes
Authority:AS 08.04.070
AS 08.04.410
AS 08.04.425
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