PURPOSE: This rule sets forth requirements for substantial equivalency and provisional licensure for certified public accountants from other states who want to practice public accounting in Missouri but are not relocating to this state as established by HB 567 of the 91st General Assembly.

1. (1) The board shall issue a provisional license to an applicant:

   1. (A) Whose principal place of business is not in this state, and:

      1. 1. 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

1. 2. Who has a valid and unrestricted

license to practice public accounting from any state and whose individual qualifications are substantially equivalent to the licensure requirements of sections 326.250 to 326.331, RSMo.

1. (B) Who notifies the board in writing of his/her intent to practice in Missouri.

1. (2) For any applicant who meets the requirements in section (1), the board shall charge a fee for each provisional license obtained; however, the board may waive this fee for all applicants from a state that does not require a similar fee for Missouri licensees practicing therein through substantial equivalency.
2. (3) The provisional license shall be effective for twelve (12) months from the date of issuance.
3. (4) To provide compilations, reviews and attest services, the holder of a provisional license must do so through a firm registered in this state.
4. (5) The holder of a provisional license shall be subject to the provisions of section 326.310, RSMo.

AUTHORITY: sections 326.256.1(9) and 326.283.1(1), RSMo Supp. 2002.* 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.

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