20 CSR 2010-2.072 - Renewal of a Certified Public Accounting Firm Permit
(1) Each office established, registered or
maintained for the practice of public accounting by a certified public
accountant (CPA) or certified public accounting firm, out of which a CPA
practices or offers to practice public accounting shall obtain a permit with
the board annually. Renewal shall be on a form provided by the board and shall
include the name and license number of the resident manager of each
office.
(2) Firm permits shall be
issued for a period of one (1) year beginning on November 1 and expiring on
October 31 and shall be renewed annually.
(3) Permit renewal notifications will be
mailed to each applicant at the last known address, provided to the board, at
least sixty (60) days before the permit expiration date. Failure to receive
this notice does not relieve the firm of the annual obligation to renew the
permit to practice. Failure to renew timely may cause the board to assess
additional penalties as provided in
20 CSR
2010-2.160.
(4) Each certified public accounting firm
shall provide the board annually with a completed renewal application form
provided by the board and pay all applicable fees as determined by the
board.
(5) As a part of the annual
renewal of each office established and maintained for the practice of public
accounting or out of which a CPA practices or offers to practice public
accounting, the sole practitioner or partner, president, or managing officer of
a certified public accounting firm shall affirm that:
(A) All of his or her employees, its resident
partners or its members and managers, shareholders in Missouri, or any
combination of these, who are Missouri CPAs have applied for a current license
to practice public accounting; and
(B) All of his or her employees, its resident
partners, its members and managers, or shareholders in Missouri, or any
combination of these, who hold a CPA license issued by another state have
applied for a Missouri CPA license by reciprocity or are granted practice
privilege through substantial equivalency.
(6) The provisions of this rule are declared
severable. If any provision of this rule is held invalid by a court of
competent jurisdiction, the remaining provisions of this rule shall remain in
full force and effect, unless otherwise determined by a court of competent
jurisdiction to be invalid.
Notes
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