Haw. Code R. § 16-71-24 - Permit to practice
(a) Individual
permit to practice. For a permit to practice public accountancy, a certified
public accountant licensed under section
466-5,
HRS, or public accountant licensed under section
466-6,
HRS, shall file an application and include an attestation that the applicant
has fulfilled the continuing professional education requirements specified in
subchapter 5.
(b) Firm permit to
practice.
(1) For a permit to practice public
accountancy, a firm engaged in public accounting in this State shall file an
application listing the principals of the firm (i.e., sole proprietor, partners
in a partnership, shareholders of a professional accounting corporation, or
members of a limited liability company).
(A)
As of the date of the application, a foreign or multi-state firm shall list
only those principals who are residents of Hawaii or who are engaged in public
accounting practice in this State.
(B) If the firm has no permanent office in
this State, and no principals who are residents of this State or principals who
are engaged in public accounting practice in this State, the firm shall list a
principal with a current Hawaii individual permit to practice.
(C) The Hawaii business operations of a
foreign or multi-state firm shall constitute a "firm" for purposes of the firm
permit to practice under section
466-7,
HRS.
(2) For a permit to
practice public accountancy, a firm shall also provide its Hawaii general
excise tax license number pursuant to section
237-9, HRS, on
its application. Failure to provide a Hawaii general excise tax license number
shall result in a denial of the firm permit to practice unless the firm attests
that it does not and shall not have any gross income for engaging in the
practice of public accounting in this State.
(3) All principals of a firm physically
located in the State or that has a permanent office in the State shall be
licensed as certified public accountants or public accountants with individual
permits to practice under section
466-7,
HRS.
(4) All foreign or multi-state
firms engaged in public accounting practice in this State shall have at least
one licensed certified public accountant or public accountant principal (i.e.,
sole proprietor, partner in a partnership, shareholder of a professional
accounting corporation, or member of a limited liability company) with a permit
to practice under section
466-7,
HRS.
(5) The firm permit to
practice shall be automatically terminated upon the death or loss of the permit
to practice of all principals of a firm. The permit to practice for the firm
may be reinstated upon the transfer of shares or membership interests to an
individual who holds a permit to practice under section
466-7, HRS,
or upon the reinstatement of the permit to practice of the sole proprietor,
sole shareholder, or sole member of a limited liability company, as the case
may be.
Notes
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