PURPOSE: This rule clarifies requirements of the statutes pertaining to the renewal of the license to practice public accounting by certified public accountants and public accountants in this state.

1. (1) Licenses shall be issued for a licensing period of two (2) years beginning on October 1 and expiring on September 30 and shall be renewed biennially.

2. (2) Each certified public accountant (CPA) shall provide the board with the following information at the time of application for renewal of his or her individual license to practice:

   1. (A) Residence address;
   2. (B) Business connection or employer;
   3. (C) Business address;
   4. (D) Verification that the individual has met the Continuing Professional Education (CPE) requirements as described in Chapter 4;
   5. (E) Details regarding any conviction of any criminal offense other than a traffic violation;
   6. (F) Details regarding any suspension, revocation or cancellation of the certificate or permit to practice by any jurisdiction; details regarding any suspension, revocation or restriction of his or her right to practice by the Internal Revenue Service, Securities Exchange Commission or any other federal or state agency;
   7. (G) Details regarding any judgments rendered against the licensee for professional malpractice;
   8. (H) Details regarding any willful violation of the rules and standards of professional conduct governing the practice of public accounting; and
   9. (I) Each licensee shall notify the board in writing within thirty (30) days of any change occurring during the renewal period.
3. (3) All employees, representatives and agents practicing public accounting in Missouri and all Missouri resident partners, members, managers and shareholders of certified public accounting firms who hold Missouri certificates issued under prior law or any individual who received an initial license after August 28, 2001 is required to have an active Missouri license to practice in a certified public accounting firm.
4. (4) License renewal applications will be mailed to each licensee at the last known address at least thirty (30) days before the license expiration date. Failure to receive this notice does not relieve the licensee of the obligation biennially to renew the license to practice.
5. (5) An applicant who has allowed his or her license to expire because he or she was not employed in public accounting in Missouri and who is reentering the practice of public accounting in Missouri shall apply for a license to practice within sixty (60) days of the date he or she reenters public accounting. If an application for a license to practice is not received by the board within sixty (60) days after the date the applicant reenters the practice of public accounting in Missouri, the applicant is required to pay the license fee plus a delinquent fee.
6. (6) Before a current license to practice will be issued, an applicant must pay all required fees and penalties, which he or she has not paid previously, for all years the applicant was engaged in the practice of public accounting in Missouri. No license shall be issued or reinstated until all required fees and penalties are paid by the applicant.
7. (7) The provisions of this rule are declared severable. If any provision of this rule is held invalid by a court of competent jurisdiction, the remaining provisions of this rule shall 20 CSR 2010-2

remain in full force and effect, unless otherwise determined by a court of competent jurisdiction to be invalid.

AUTHORITY: sections 326.262, 326.286 and 620.010.15(2), RSMo Supp. 2003.* This rule originally filed as 4 CSR 10-2.070. Original rule filed Sept. 11, 1974, effective Sept. 21, 1974. Rescinded and readopted: Filed Sept. 13, 1978, effective Jan. 13, 1979. Amended: Filed Aug. 6, 1981, effective Dec. 11, 1981. Amended: Filed Feb. 9, 1982, effective May 13, 1982. Amended: Filed March 14, 1984, effective July 12, 1984. Amended: Filed April 18, 1989, effective July 27, 1989. Amended: Filed Oct. 13, 1993, effective May 9, 1994. Amended: Filed April 5, 2004, effective July 30, 2004. Moved to 20 CSR 2010-2.070, effective Aug. 28, 2006. *Original authority: 326.262, RSMo 2001; 326.286, RSMo 2001, amended 2002; and 620.010.15(2), RSMo 1973, amended 1981, 1983, 1986, 1989, 1990, 1993, 1994, 1995, 1999, 2001.