Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part XIX - Certified Public Accountants
Chapter 11 - Issuance and Renewal of Certificate; Reinstatement
Section XIX-1105 - Certificate Application, Annual Renewals, Inactive or Retired Registration, Reinstatement, Practice Privileges under Substantial Equivalency
Universal Citation: LA Admin Code XIX-1105
Current through Register Vol. 50, No. 3, March 20, 2024
A. Applications
1. Applications for initial or reciprocal
certificates pursuant to
R.S.
37:76.F shall be made online via the Internet
or on forms that may be furnished by the board, and shall be accompanied by
application fees fixed by the board pursuant to
§319 The forms shall contain all of the
items and information requested in the appropriate space in order to be
acceptable.
2. Applications shall
contain all of the information required by the board including but not limited
to information regarding the satisfaction and verification of the requirements
of
R.S.
37:75(G) and other
requirements as required by the Act or by the board.
B. Renewals and Current Year Reinstatement-Certificates
1. Each certified
public accountant shall renew his certificate annually during the period for
renewal on or before the last day of December preceding the year for which
renewal is applicable.
2. The board
shall set the period of time for renewal.
3. Certificates expire on the last day of
each calendar year, or on a date following December 31, if another date is
determined by the board for good cause.
4. The board shall send a notice of default
to the last known address or email address of each certified public accountant
who fails to renew his certificate.
5. Application for annual renewal of
certified public accountant certificates shall be made online via the Internet,
or on forms that may be furnished by the board, and shall be accompanied by
renewal fees fixed by the board pursuant to §319. The renewal forms shall
contain all of the items and information requested in the appropriate space in
order to be acceptable.
6. The
board may reinstate any certificate which has expired because of nonrenewal in
the current year, upon payment of the renewal fee and such penalty fee as may
be prescribed by the board, provided that the applicant for such renewal is
otherwise completely qualified for certification.
7. A delinquent renewal fee equal to the
current renewal fee shall be assessed against those certified public
accountants who have not renewed prior to February 1; and a reinstatement
renewal fee equal to twice the current renewal fee shall be assessed against
those persons whose certificates have expired for failure to renew prior to
March 1.
8. In addition to the
above fees, a fee may be assessed against those certified public accountants
who have received three suspensions within the previous six years.
9. For good cause, the board may waive or
suspend in whole or in part any of the fees, due dates, and procedures provided
for in this Section.
10. Certified
public accountants who have not timely renewed their certificates are in
violation of
R.S.
37:83 and therefore may be subject to the
provisions of
R.S.
37:81.
11. Failure to Timely Remit or Respond
a. No certificate of any certified public
accountant who has failed to timely remit full payment of any fees, fines,
penalties, expenses, or reimbursement of costs incurred by the board, which the
certified public accountant owes the board or has been ordered to pay to the
board shall be annually renewed, or reinstated.
b. The board may refuse to renew, or to
reinstate, any certificate of any certified public accountant who has failed to
comply with §1707. D.
12. Failure to Comply with CPE requirements.
A licensee who has renewed an active CPA license but has not satisfied the CPE
report requirements as described in §1301. A shall have their certificate
status changed to "CPA inactive" status effective February 1 of the renewal
year in which the deficiency occurred. The certificate holder will thus be
allowed to register their certificate in inactive status annually until such
time as they have satisfied the requirements for reinstatement to active
licensure.
C. Annual Registration of CPA Inactive or CPA Retired Status
1. Each person entitled to use the
designation "CPA inactive" under
R.S.
37:75(I) and "CPA inactive"
or "CPA retired" under
R.S.
37:76(D)(2) shall register
such status annually during the period for renewal on or before the last day of
December preceding the year for which renewal is applicable.
2. The board shall set the period of time for
renewal.
3. Annual registration
expires on the last day of each calendar year, or on a date following December
31, if another date is determined by the board for good cause.
4. The board may send a notice of default to
the last known address or email address of each registrant who fails to
renew.
5. Application for annual
registration of "CPA inactive" or "CPA retired" status shall be made online via
the Internet, or on forms that may be furnished by the board, and shall be
accompanied by renewal fees fixed by the board pursuant to §319. The renewal
forms shall contain all of the items and information requested in the
appropriate space in order to be acceptable.
6. A delinquent renewal fee may be assessed
against those registrants who have not renewed prior to February 1.
7. For good cause, the board may waive or
suspend in whole or in part any of the fees, due dates, and procedures provided
for in this Section.
8. The
registrant shall affirm upon each annual registration form that he will abide
by the applicable statutes and rules of the board governing the use of the
designation "CPA inactive" or "CPA retired".
9. The board may reinstate the "CPA inactive"
or "CPA retired" registration of any person upon the payment of the current
year registration fee plus the registration fees for all years since the
registrant was last registered.
D. Reinstatement of Certificate of Certified Public Accountant
1. An individual whose
certificate has expired by virtue of nonrenewal, or who was registered in
inactive or retired status because an exemption from CPE had been granted in a
preceding year, shall present proof in a form satisfactory to the board that he
has:
a. satisfied the experience requirements
prescribed in
R.S.
37:75.G within the four years immediately
preceding the date of the application for reinstatement; and
b. completed no less than 120 hours of
continuing professional education complying with Chapter 13 during the
three-year period preceding the date of application for
reinstatement.
2.
applications for reinstatement of certificates pursuant to
R.S.
37:76(F) shall:
a. be made on a form provided by the board;
and
b. contain all of the
information required by the board including but not limited to information
regarding the satisfaction and verification of the experience and/or continuing
education requirements referred to in Subparagraph D.1.b.
E. Practice Privileges under Substantial Equivalency
1. An individual
holding a valid active CPA license issued by another state board of
accountancy, who satisfies the requirements of
R.S.
37:94 and Paragraph E.4 of this Section
regarding substantial equivalency, shall be granted the privilege to practice
as a CPA in Louisiana without the need to obtain a Louisiana certificate
provided that such individual is not domiciled and does not have a principal
place of business in Louisiana.
2.
An individual, under the provisions of this section, who offers or renders
professional services or uses the CPA title, whether in person, by mail,
telephone, electronic, or other means practices in Louisiana,
shall be granted practice privileges without the necessity of giving notice to
the board or paying a fee to the board.
3. An individual granted practice privileges
and his firm are subject to the requirements of
R.S.
37:94(A)(3). In the event
the license upon which the practice privileges are based is no longer active or
valid, the practice privileges shall expire and the individual must cease using
the CPA title in Louisiana and must cease offering or rendering professional
services in Louisiana individually and on behalf of his firm.
4. Determination of Substantial Equivalence
a. With respect to substantial equivalence
under
R.S.
37:94.A(1), the board shall have publicly
available a listing of states which the board has verified to be in substantial
equivalence with the original licensure requirements of the Act. Any individual
holding an original valid CPA license issued by a substantially equivalent
state is qualified for practice privileges.
b. With respect to substantial equivalence
under
R.S.
37:94.A(2), any individual, who does not
currently hold an original valid CPA license issued by a state which the board
has verified to be in substantial equivalence with the original licensure
requirements of the Act, is qualified for practice privileges if he holds a
valid active CPA license issued by a state board of accountancy and has passed
the Uniform CPA Examination (or IQEX examination if applicable), and he:
i. has 150 semester hours of college
education and has at least one year of CPA supervised accounting related
experience in the last four years; or
ii. has four years of experience outside of
Louisiana as a practicing CPA (or chartered accountant if applicable) within
the last 10 years.
5. - 5.c. Repealed.
AUTHORITY NOTE: Promulgated in accordance with R.S. 37:71 et seq.
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