Sec. 08.04.420. - Practice privileges and out-of-state permits.
(a) An individual whose principal place of business is in another state who is authorized to practice public accounting in the other state but who is not licensed under AS 08.04.105 or 08.04.195 may engage in the practice of public accounting in this state under an out-of-state practice privilege if
(1) the individual submits to the board
(A) an application on a form provided by the board; and
(B) any fee required by the board; and
(2) the board
(A) verifies the individual's current authorization to practice public accounting in the other state; and
(B) determines under AS 08.04.075 that
(i) the qualifications required by the other state are substantially equivalent to the national standard or to another standard established by the board to protect the public interest; or
(ii) the individual's qualifications are substantially equivalent to the national standard or to another standard established by the board to protect the public interest.
(b) Notwithstanding (a) of this section, an individual who has satisfied (a)(1) of this section may engage in the practice of public accounting in this state while the board is making the verification and determinations under (a)(2) of this section. If the board denies a practice privilege under (a) of this section, the individual shall stop engaging in the practice of public accounting in this state when the individual receives the notice provided by the board under (d) of this section.
(c) A partnership, corporation, limited liability company, or other legal entity whose principal place of business is in another state, that is authorized to practice public accounting in the other state, and that does not have a permit under AS 08.04.240 may engage in the practice of public accounting in this state under an out-of-state permit if the practice does not involve opening an office in this state and if the partnership, corporation, limited liability company, or other legal entity
(1) submits to the board
(A) a written notice on a form provided by the board;
(B) the fee required by the board; and
(C) verification of the current authorization of the partnership, corporation, limited liability company, or other legal entity to practice public accounting in the other state; and
(2) satisfies any other requirements that the board establishes by regulation to protect the public interest.
(d) If the board denies an individual a practice privilege under (a) of this section or denies a partnership, corporation, limited liability company, or other legal entity an out-of-state permit under (c) of this section, the board shall provide notice of the denial to the individual, partnership, corporation, limited liability company, or other legal entity.
(e) If a person engages in the practice of public accounting under an out-of-state permit authorized by (c) of this section, the permit does not authorize an individual who is working for the person to hold the individual out to the public as available to provide public accounting work in the state.
(f) Notwithstanding AS 08.01.100 (b), the board shall establish by regulation how long a practice privilege authorized by (a) of this section and an out-of-state permit authorized by (c) of this section last before they expire and require renewal, except that the initial term of a practice privilege and an out-of-state permit may not exceed three years. The board may renew a practice privilege or an out-of-state permit and shall establish by regulation the terms for and length of a renewal.
(g) An individual, partnership, corporation, limited liability company, or other legal entity that engages in the practice of public accounting under this section
(1) consents to the jurisdiction and disciplinary authority of the board;
(2) agrees to comply with state law, including the regulations adopted by the board; and
(3) consents to the appointment of the board as the person's agent for the service of process upon whom process may be served in an action or a proceeding against the individual, partnership, corporation, limited liability company, or other legal entity arising out of a transaction or an operation connected with or incidental to public accounting services performed by the individual, partnership, corporation, limited liability company, or other legal entity while engaging in the practice of public accounting in this state.