Sec. 20-281e. Granting of initial permit to practice public accountancy to firms. Permit renewal. Annual fee. Disclosure requirements. Exemptions to permit requirement for out-of-state firms.
Sec. 20-281e. Granting of initial permit to practice public accountancy to
firms. Permit renewal. Annual fee. Disclosure requirements. Exemptions to permit
requirement for out-of-state firms. (a) The board shall grant or renew permits to
practice public accountancy to firms that make application and demonstrate their qualifications in accordance with subsections (b) to (f), inclusive, of this section.
(b) Permits shall be initially issued and renewed annually. Applications for permits
shall be made in such form, and in the case of applications for renewal, between such
dates as the board may by regulation specify.
(c) An applicant for initial issuance or renewal of a permit to practice under this
section shall be required to show that each proprietor, partner or shareholder of such
firm whose principal place of business is in this state, who performs professional services
in this state and who works in this state holds a valid license to practice issued under
section 20-281b or 20-281d. An individual who has practice privileges under section
20-281n and performs services, for which a firm permit is required under such section,
shall not be required to obtain a certificate under section 20-281c or a license under
section 20-281d.
(d) An applicant for initial issuance or renewal of a permit to practice under this
section shall be required to register each office of the firm within this state with the
board and to show that all attest services and compilation services rendered in this state
are under the charge of a person holding a valid license issued under section 20-281b,
20-281d or by some other state.
(e) The board shall charge an annual fee for each application for initial issuance or
renewal of a permit under this section in the amount of seventy-five dollars; provided,
no such fee shall be charged to a firm having not more than one licensee.
(f) Applicants for initial issuance or renewal of permits under this section shall list
in their application all states in which they have applied for or hold licenses to practice
public accountancy, and each holder of or applicant for a permit under this section shall
notify the board in writing, within thirty days after its occurrence, of any change in the
identities of any proprietors, partners, officers or shareholders of such firm who work
regularly within this state, any change in the number or location of offices within this
state, any change in the identity of the persons in charge of such offices, and any issuance,
denials, revocation or suspension of a license by any other state.
(g) The following firms shall be required to hold a permit issued pursuant to this
section:
(1) Any firm with an office in this state performing attest services;
(2) Any firm with an office in this state that uses the title "CPA" or "CPA firm"; or
(3) Any firm that does not have an office in this state but performs attest services
described in subparagraph (A), (C) or (D) of subdivision (13) of section 20-279b for a
client having its home office in this state.
(h) A firm that does not have an office in this state may perform services described
in subparagraph (B) of subdivision (13) of section 20-279b or subdivision (14) of section
20-279b for a client having its home office in this state and may use the title "CPA" or
"CPA firm" without a permit issued under this section if:
(1) Such firm has the qualifications described in section 20-281 concerning quality
reviews; and
(2) Such firm performs such services through an individual who has practice privileges under section 20-281n.
(i) Any firm that is not subject to the requirements of subsection (g) or (h) of this
section may perform other professional services while using the title "CPA" or "CPA
firm" in this state without a permit issued under this section if:
(1) Such firm performs such services through an individual who has practice privileges under section 20-281n; and
(2) Such firm can lawfully do so in the state where said individuals with practice
privileges have their principal place of business.
(P.A. 92-212, S. 5; P.A. 08-52, S. 4.)
History: P.A. 08-52 amended Subsec. (c) to add provision re principal place of business and performing services in
this state and add exemption re individual who has practice privileges and performs services, amended Subsec. (d) to add
provision re attest services and compilation services, added Subsec. (g) re persons required to hold permit to practice and
added Subsecs. (h) and (i) re exemption from permit requirements for out-of-state firms and individuals with practice
privileges, effective May 12, 2008.