PURPOSE: This rule sets forth the exemptions from continuing professional education (CPE) requirements in certain circumstances.

1. (1) Exceptions. FINANCIAL INSTITUTIONS AND PROFESSIONAL REGISTRATION Division 2010—Missouri State Board of Accountancy

   1. (A) A licensee who received a license after August 28, 2001 and who is not practicing public accounting in any setting may be granted an inactive license and be exempted from the continuing professional education
2. (CPE) requirement by the board. The inactive licensee shall place the word “inactive,” “retired,” or “ret.” in association with their certified public accountant title. The inactive licensee may return to active status upon showing evidence that they have completed no less than one hundred twenty (120) hours of CPE during the three (3)-year period preceding the request for reactivation; or agrees in writing to meet the requirement within one

3. (1) year of applying for reactivation.

   1. (B) The board may in particular cases make exceptions to the requirements set out in 4 CSR 10-4.010 for reasons of individual hardship including health, military service, foreign residence, or other good cause.
   2. (C) Applicants requesting a waiver of CPE requirements shall do so in writing and shall provide documentation supporting the request if required by the board.

AUTHORITY: section 326.271, RSMo Supp. 2003.* This rule originally filed as 4 CSR 10- 4.041. Original rule filed April 5, 2004, effective July 30, 2004. Moved to 20 CSR 2010-4.041, effective Aug. 28, 2006.

*Original authority: 326.271, RSMo 2001, amended 2002.