PURPOSE: This rule sets forth requirements for practice privilege of certified public accountants from other states who are not relocating to this state and whose accountancy statutes are substantially equivalent to Missouri, or certified public accountants whose individual qualifications meet the requirements to be considered substantially equivalent and provisionally licensed in Missouri.

1. (1) An individual, whose principal place of business is not in this state, and:

   1. (A) Who has a valid and unrestricted license to practice public accounting from any state whose licensing requirements are determined by the board to be substantially equivalent to the Missouri Accountancy Act; or
   2. (B) Who has a valid and unrestricted license to practice public accounting from any state and whose individual qualifications are determined by the board or National Association of State Boards of Accountancy (NASBA) National Qualification Appraisal Service to be substantially equivalent to the licensure requirements of the Missouri Accountancy Act; or
   3. (C) Who has a valid and unrestricted license to practice public accounting from any state, and has practiced as a licensed certified public accountant outside of this state, with experience of the type described in section 326.286.3, RSMo, for a minimum of four (4) years within the immediately preceding ten (10) years, provided that the applicant has a minimum of a bachelor’s degree from an accredited college or university and has passed the uniform certified public accountant examination; Shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the practice privileges of a licensee of this state, and by entering or practicing in this state will be considered a provisional licensee of this state.
2. (2) Any individual who has a valid but restricted license that otherwise meets the provisions of section (1), shall apply to the board in writing, on a provisional licensure form provided by the board, for practice privilege.
3. (3) By entering and practicing public accounting in this state, in person or through electronic means or in any other manner, the provisional licensee shall be considered to have notified this state and shall be required to conform to, and comply with, Missouri statutes and rules.
4. (4) To provide compilation, review or attest services, a provisional licensee must do so through a firm holding a current permit to practice in this state.
5. (5) A provisional licensee shall be subject to the provisions of section 326.310, RSMo.
6. (6) The lack of a Missouri license, provisional or otherwise, shall not prevent the board from having disciplinary authority over any individual practicing public accounting in Missouri. AUTHORITY: sections 326.256.1(9), 326.283.1(1) and 326.286.3 RSMo Supp. 2005.* This rule originally filed as 4 CSR 10- 2.022. Emergency rule filed Nov. 15, 2001, effective Nov. 25, 2001, expired May 23, 2002. Original rule filed Nov. 15, 2001, effective June 30, 2002. Amended: Filed Nov. 13, 2002, effective June 30, 2003. Moved to 20 CSR 2010-2.022, effective Aug. 28, 2006. Rescinded and readopted: Filed April 3, 2006, effective Nov. 30, 2006.

*Original authority: 326.256, RSMo 2001, amended 2002; 326.283, RSMo 2001, amended 2002; and 326.286, RSMo. 2001, amended 2002.