1. A. The Oklahoma Accountancy Board, upon application, shall issue a permit to practice public accounting to each office of any firm seeking to provide professional services to the public in this state. Renewals of firm permits shall be applied for during the month of August of each year.

2. B. Applicants for initial firm permits shall provide the Board with the following information:

   1. 1. A list of all states in which the firm has applied for or been issued a permit or its equivalent within the five (5) years immediately preceding the date of application;
   2. 2. Relevant details as to a denial, revocation, or suspension of a permit or its equivalent of the firm, or any partner or shareholder of the firm other than in this state;
   3. 3. Documentary proof that the firm has complied with the requirements of the Oklahoma Office of the Secretary of State applicable to such entities; and
   4. 4. Such other information as the Board deems appropriate for demonstrating that the qualifications of the firm are sufficient for the practice of public accounting in this state.

3. C. The following changes in a firm affecting the offices in this state shall be reported to the Board within thirty (30) calendar days from the date of occurrence:

   1. 1. Changes in the partners or shareholders of the firm;
   2. 2. Changes in the structure of the firm;
   3. 3. Change of the designated manager of the firm;
   4. 4. Changes in the number or location of offices of the firm; and
   5. 5. Denial, revocation, or suspension of certificates, licenses, permits, or their equivalent to the firm or its partners, shareholders, or employees other than in this state.

4. D. The Board shall be notified in the event the firm is dissolved. Such notification shall be made within thirty (30) calendar days of the dissolution. The Board shall adopt rules for notice and rules appointing the responsible party to receive such notice for the various types of firms authorized to receive permits. Such notice of dissolution shall contain but not be limited to the following information:

   1. 1. A list of all partners and shareholders at the time of dissolution;
   2. 2. The location of each office of the firm at the time of dissolution;
   3. 3. The date the dissolution became effective;
   4. 4. The new employment status of each partner or shareholder; and
   5. 5. The new mailing address of each partner or shareholder.
5. E. The Board shall set a fee of not more than Fifty Dollars ($50.00) for each initial or renewal firm permit except for sole proprietorships. In the event a firm has more than one office which serves Oklahoma clients, a fee of not more than Fifty Dollars ($50.00) shall be paid for each additional office.

6. F. Each office of a firm seeking a permit to practice accounting as a CPA firm shall be issued a permit by the Board upon application and payment of appropriate fees. A firm applying for a permit shall provide documentary proof to the Board that:

   1. 1. Each partner or shareholder is engaged in the practice of public accounting in the United States and holds a certificate as a certified public accountant in one or more states, or territories, or the District of Columbia of the United States; and
   2. 2. Each designated manager is a holder of a valid certificate and permit to practice as a certified public accountant in this state.

7. G. Each office of a firm seeking a permit to practice accounting as a PA firm shall be issued a permit by the Board upon application and payment of appropriate fees. A firm applying for a permit shall provide documentary proof to the Board that:

   1. 1. Each partner or shareholder is engaged in the practice of public accounting in the State of Oklahoma as public accountants; and
   2. 2. Each designated manager has received a license and permit to practice as a public accountant or certificate and permit to practice as a certified public accountant pursuant to the laws of this state.

Laws 1968, HB 1216, c. 271, § 17, emerg. eff. April 30, 1968; Amended by Laws 1982, SB 422, c. 160, § 3, emerg. eff. July 1, 1982; Amended by Laws 1992, HB 2340, c. 272, § 17, eff. September 1, 1992; Renumbered from 59 O.S. § 15.22 by Laws 1992, HB 2340, c. 272, § 34, eff. September 1, 1992; Amended by Laws 2002, SB 1429, c. 312, § 12, eff. November 1, 2002 (superseded document available).