1. (a) An applicant for a permit under 12 AAC 04.245 and AS 08.04.240 must submit

   1. (1) evidence satisfactory to the board that the firm

      1. (A) meets the ownership requirements set out under AS 08.04.240 and 12 AAC 04.255; and
      2. (B) is supervised in accordance with the requirements set out under AS 08.04.360;
   2. (2) a complete application on a form provided by the department;
   3. (3) the applicable fees required in 12 AAC 02.340; and
   4. (4) verification that the firm holds a current permit to practice public accounting in good standing issued by the state or another state; verification must include the firm's current permit status and information regarding any disciplinary action or investigation taken or pending against the firm or its owners; if the permit is not issued by the state, the verification must be from the state in which the firm's established office and principal place of business is located.
2. (b) A permit is valid for the biennial license period for which it was issued.

3. (c) A permit issued under AS 08.04.240, 12 AAC 04.245, and this section will be renewed for subsequent biennial license periods if the holder of the permit submits

   1. (1) a renewal application, due not later than December 31, on a form provided by the department;
   2. (2) the applicable fee required in 12 AAC 02.340; and
   3. (3) certification that the holder of the permit continues to meet the requirements of AS 08.04.240
4. (d) The board may refuse to grant a permit or renewal of a permit issued under AS 08.04.240 and this section for the same reasons that the board may impose disciplinary sanctions under 12 AAC 04.520 upon the holder of a license, permit, or practice privilege.

(Eff. 8/14/87, Register 103; am 1/1/2008, Register 184; am 8/1/2012, Register 203; am 4/12/2024, Register 250)

Authority: AS 08.04.070, AS 08.04.240