30 Miss. Code. R. 1-2.1 - Requirements
Rule 2.1.1. Individuals whose principal place
of business is in Mississippi must hold a Mississippi CPA license. An applicant
for an original license must be a resident of the State of Mississippi or have
an office for the regular transaction of business in this state, be of good
moral character, and satisfy the education, examination, experience
requirements, continuing professional education (CPE) and professional ethics
as described within these Rules and Regulations.
(a) Residency shall be determined by the
Board based on all of the facts and circumstances of each individual case.
Factors normally considered by the Board in determining residency are as
follows:
(1) Place of registration as a
voter
(2) Vehicle registration and
tags
(3) Filing of Mississippi
State Resident Income Tax Returns
(4) Qualifying for Homestead Exemption in Mississippi and payment
of real estate taxes to this state
(5) Graduation from a Mississippi university or college and
successful completion of the CPA examination in
Mississippi.
(b) Having a
place for the regular transaction of business encompasses more than having a
"mailing address" or temporary office. The Board will determine, based on all
the facts and circumstances of each individual case, whether a structure
qualifies under this regulation. Factors normally considered by the Board in
determining eligibility include the following:
(1) Relative permanence of location
(2) Business hours
(3) Presence of permanent staff
(4) Telephone listings and location
(5) Time spent in out-of-state
activities.
(c) Good Moral
Character: In evaluating good moral character, the Board shall consider an
applicant's criminal record including but not limited to felony convictions or
pleas; discipline before state, local or federal jurisdictions; and other
documents and/or records determined appropriate in the
circumstance.
Rule 2.1.2.
When a candidate has passed the CPA examination in accordance with Rule
2.2., satisfied the education
requirement of 150 collegiate semester hours, satisfied the experience
requirements in accordance with Rule 2.1.3., and CPE in accordance with Rule
4.1. of these Rules and
Regulations, he must make application for licensure with the State
Board within three years from the date of successful completion of the CPA
examination. If the candidate does not make application for licensure within
the three year period, all previous CPA examination credits earned will expire,
and all parts of the CPA examination must be retaken under the requirements of
Rule
2.2. CPA examination. Applications for
licensure shall be made on forms provided by the Board and accompanied by fees
as prescribed by the Board. All certificates of licensure shall be valid only
when signed by at least three members of the Board and when the Board's seal is
affixed thereto. The issuance of the certificate of licensure does not
automatically qualify one to practice public accounting in the State of
Mississippi as defined in the act unless such license holder is associated with
a CPA firm that has been issued a firm permit by the State Board.
Source: Miss. Code Ann. § 73- 33-5 (f)
Rule 2.1.3 The Board
shall issue a license to applicants who have complied with all the Board's
requirements, including education, examination, and experience.
(a) Experience Requirements: In satisfaction
of experience requirements, the applicant must submit substantiating written
statements, in such form as the Board shall require, from employers or others
who have actual knowledge of such facts.
(1)
Qualifying experience requirements as stated below shall be experience during
the three years immediately preceding the date the application
for the license is filed with the Board. If the candidate does not meet the
experience requirement and make application for licensure within the three year
period, all previous CPA examination credits earned will expire, and all parts
of the CPA examination must be retaken under the requirements of Rule
2.2. CPA examination.
(2) Qualifying experience shall mean a
minimum of 2,000 hours of experience gained by full or part-time employment
under the supervision and direction of a CPA or the equivalent when considered
by the Board in the aggregate.
(3)
The practical experience of an applicant for licensure must be meaningful with
respect to qualifying the applicant for the practice of public accounting. An
applicant shall show that he or she provided one or more kinds of services
involving the use of accounting or auditing skills, including but not limited
to the issuance of reports on financial statements, or one or more kinds of
management advisory, financial advisory, or consulting services, or the
preparation of tax returns or the furnishing of advice on tax matters, or the
equivalent, all of which are under the direction of a CPA licensee, meeting
requirements prescribed by the Board by rule.
(4) The Board reserves the option of
reviewing the work papers, reports, and time records for work submitted for
credit as qualifying experience. The Board may require interviews with
applicants.
Rule
2.1.4 Other Requirements
The Board reserves the right to require applicants for licensure to provide evidence of good moral character including, but not limited to, a Board initiated background and criminal check.
Notes
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