Current through Register Vol. 47, No. 13, December 25, 2024
(1) Attest
qualification is necessary before a CPA may perform attest services in Iowa or
for a client with a home office in Iowa. "Attest qualification" or "attest
qualified" means that the CPA has satisfied the experience obligations of rule
193A-6.2 (542).
(2) All CPAs who held
an individual permit to practice in Iowa at any point prior to July 1, 2002, are
deemed to be attest qualified. Under Iowa law prior to July 1, 2002, CPAs were
only issued an individual permit to practice if they verified their qualification
to perform attest services. Individual permits to practice were discontinued
under Iowa law effective July 1, 2002.
(3) CPAs who did not hold a permit to practice
prior to July 1, 2002, may attain or establish attest qualification as follows:
a. Applicants may apply for attest
qualification when initially applying for a certificate as an Iowa CPA under Iowa
Code section 542.6 or when applying for reciprocal Iowa certification under Iowa
Code section 542.19 or any other applicable law or rule.
b. Iowa CPA certificate holders may apply for
attest qualification at any time at which they are qualified to do so.
c. Out-of-state CPAs performing attest services
while exercising a practice privilege under Iowa Code section 542.20 do not have
to individually apply to the board for attest qualification. However, if:
(1) CPAs perform attest services in an Iowa CPA
firm, the Iowa CPA firm will affirm when applying for an initial or renewal firm
permit to practice that the CPAs who supervise attest services for the firm or
who sign or authorize someone to sign the accountant's report on behalf of the
firm, as such attest services are or will in the following year be performed in
Iowa or for a client with a home office in Iowa, have been qualified to perform
attest services in Iowa or another jurisdiction.
(2) CPAs perform attest services through an
out-of-state CPA firm exercising a practice privilege, the out-of-state CPA firm
will affirm upon request from the board that the CPAs who supervise attest
services for the firm or who sign or authorize someone to sign the accountant's
report on behalf of the firm, as such attest services are or will in the
following year be performed in Iowa or for a client with a home office in Iowa,
have been qualified to perform attest services in Iowa or another
jurisdiction.