Sec. 20-281n. Practice privilege: Qualifications; rendering of services in this state; conditions of privilege; disciplinary action; determining substantial equivalency.
Sec. 20-281n. Practice privilege: Qualifications; rendering of services in this
state; conditions of privilege; disciplinary action; determining substantial equivalency. (a) Any individual whose principal place of business is not in this state shall be
presumed to have qualifications substantially equivalent to this state's requirements and
shall qualify for a practice privilege and have all the privileges of licensees of this state
without the need to obtain a license pursuant to section 20-281d if:
(1) Such individual holds a valid license as a Certified Public Accountant from any
state which the NASBA National Qualification Appraisal Service has verified to be in
substantial equivalence with the CPA licensure requirements of the AICPA/NASBA
Uniform Accountancy Act; or
(2) Such individual holds a valid license as a Certified Public Accountant from any
state which the NASBA National Qualification Appraisal Service has not verified to be
in substantial equivalence with the CPA licensure requirements of the AICPA/NASBA
Uniform Accountancy Act and the individual obtains from the NASBA National Qualification Appraisal Service verification that such individual's CPA qualifications are
substantially equivalent to the CPA licensure requirements of the AICPA/NASBA Uniform Accountancy Act. Any individual who passed the Uniform CPA Examination and
holds a valid license issued by any other state prior to January 1, 2012, may be exempt
from the education requirement in the Uniform Accountancy Act for purposes of this
subdivision.
(b) Notwithstanding any provision of the general statutes, any individual who qualifies for a practice privilege under this section may offer or render professional services,
whether in person or by mail, telephone or electronic means, based on a practice privilege, and no notice, fee or other submission shall be required of any such individual.
Such individual shall be subject to the requirements in subsection (c) of this section.
(c) Any individual licensee of another state exercising the privilege afforded under
this section and the firm that employs such licensee shall consent, as a condition of the
grant of such privilege:
(1) To the personal and subject matter jurisdiction and disciplinary authority of the
board;
(2) To comply with any applicable provision of state law and the board's rules;
(3) That in the event the license from the state of such individual's principal place of
business is no longer valid, such individual shall cease offering or rendering professional
services in this state individually and on behalf of a firm; and
(4) To the appointment of the state board that issued such license as the agent upon
whom process may be served in any action or proceeding by the board against such
licensee.
(d) Any individual who qualifies for practice privileges under this section who, for
any entity with its home office in this state, performs any of the following services: (1)
Any financial statement audit or other engagement to be performed in accordance with
Statements on Auditing Standards; (2) any examination of prospective financial information to be performed in accordance with Statements on Standards for Attestation
Engagements; or (3) any engagement to be performed in accordance with PCAOB
Auditing Standards may only provide such services through a firm that has obtained a
permit issued under section 20-281e.
(e) Any licensee of this state that offers or renders services or uses their CPA title
in another state shall be subject to disciplinary action in this state for an act committed
in another state for which the licensee would be subject to discipline for an act committed
in the other state. Notwithstanding the provisions of section 20-280c, the board shall
investigate any complaint made by the board of accountancy of another state against
any such licensee.
(f) In determining substantial equivalency pursuant to this section, the board shall
take into account the qualifications of such person without regard to the sequence in
which experience, education or examination requirements were attained.
(P.A. 08-52, S. 7.)
History: P.A. 08-52 effective May 12, 2008.