PURPOSE: This rule sets forth the requirements and restrictions for an inactive license.

1. (1) Inactive License. A licensee who received a license after August 28, 2001, and who is not practicing public accounting in any setting FINANCIAL INSTITUTIONS AND PROFESSIONAL REGISTRATION Division 2010—Missouri State Board of Accountancy

may be granted an inactive license. An inactive licensee shall place the word “inactive,” “retired,” or “ret.” in association with their certified public accountant title. The inactive licensee shall not perform or offer to perform for the public any public accounting services or professional services, including attest, review, or compilation services or any management advisory, financial advisory, or consulting services or the preparation of tax returns, the furnishing of advice on tax, or any other accounting matters.

1. (2) The inactive licensee may return to active status by applying for reinstatement of license as defined in 20 CSR 2010-2.075.

AUTHORITY: sections 326.262 and 326.286.6, RSMo Supp. 2009.* Original rule filed Feb. 23, 2010, effective Aug. 30, 2010. *Original authority: 326.262, RSMo 2001 and 326.286, RSMo 2001, amended 2002.