After notice and hearing the Board may impose any one or more of the penalties authorized in Section 15.24 of the Oklahoma Accountancy Act on a certified public accountant or a public accountant for any one or more of the following causes:

1. 1. Fraud or deceit in obtaining a certificate, license or permit;
2. 2. Dishonesty, fraud, or gross negligence in accountancy or financially related activities;
3. 3. Conviction, plea of guilty, or plea of nolo contendere of a felony in a court of competent jurisdiction of any state or federal court of the United States if the acts involved would have constituted a felony under the laws of this state;
4. 4. Conviction, plea of guilty, or plea of nolo contendere of any misdemeanor, an element of which is dishonesty or fraud, pursuant to the laws of the United States, District of Columbia or any state or territory of the United States if the acts involved would have constituted a misdemeanor under the laws of this state;
5. 5. Failure to file the annual registration form or failure to pay the annual registration fee; and
6. 6. Violation of any of the provisions of the Oklahoma Accountancy Act and rules promulgated for its implementation by the Board.

Laws 1965, SB 286, c. 188, § 20, emerg. eff. June 8, 1965; Amended by Laws 1968, HB 1216, c. 271, § 15, emerg. eff. April 30, 1968; Amended by Laws 1992, HB 2340, c. 272, § 18, eff. September 1, 1992; Renumbered from 59 O.S. § 15.20 by Laws 1992, HB 2340, c. 272, § 34, eff. September 1, 1992.