1. A. In the event an individual, certified public accountant, public accountant, firm or entity, after proper notice and hearing, is found to have violated one or more provisions of the Oklahoma Accountancy Act, the Board may impose one or more of the following penalties on the offending individual, firm or entity:

   1. 1. Revoke any certificate, license, or permit issued pursuant to the provisions of the Oklahoma Accountancy Act;
   2. 2. Suspend any certificate, license, or permit for not more than five (5) years, subject to such terms, conditions, or limitations as deemed appropriate by the Board;
   3. 3. Reprimand a registrant;
   4. 4. Place a registrant on probation for a specified period of time, which may be shortened or lengthened, as the Board deems appropriate;
   5. 5. Limit the scope of practice of a registrant;
   6. 6. Deny renewal of a permit;
   7. 7. Require an accelerated peer review of the registrant, subject to such procedures, as the Board deems appropriate;
   8. 8. Require successful completion of continuing professional educational programs deemed appropriate;
   9. 9. Assess a fine not to exceed Ten Thousand Dollars ($10,000.00) for each separate offense; and
   10. 10. Require the registrant, individual or entity to pay all costs incurred by the Board as a result of hearings conducted regarding accountancy actions of the registrant, individual, or entity including but not limited to investigation costs, hearing officer costs, renting of special facilities costs, and court reporter costs.
2. B. Upon application in writing, the Board may reinstate a certificate, license, or permit which has been revoked, or may modify, upon good cause as to why said individual or entity should be reinstated, the suspension of any certificate, license, or permit.
3. C. Before reinstating or terminating the suspension of a certificate, license, or permit, or as a condition to such reinstatement or termination, the Board may require the applicant to show successful completion of specified continuing professional education courses.
4. D. Before reinstating or terminating the suspension of a certificate, license, or permit, or as a condition to such reinstatement or termination, the Board may make the reinstatement of a certificate, license, or permit conditional and subject to satisfactory completion of a peer review conducted in such fashion as the Board may specify.
5. E. The provisions of this section shall not be construed to preclude the Board from entering into any agreement to resolve a complaint prior to a formal hearing or before the Board enters a final order.
6. F. All monies, excluding costs, collected from civil penalties authorized in this section, such penalties being enforceable in the district courts of this state, shall be deposited with the State Treasurer to be paid into the General Revenue Fund of the state.

Laws 1965, SB 286, c. 188, § 22, emerg. eff. June 8, 1965; Amended by Laws 1968, HB 1216, c. 271, § 18, emerg. eff. April 30, 1968; Renumbered from 59 O.S. § 15.22 by Laws 1968, HB 1216, c. 271, § 23, emerg. eff. April 30, 1968; Amended by Laws 1992, HB 2340, c. 272, § 24, eff. September 1, 1992; Amended by Laws 2004, SB 1488, c. 125, § 22, eff. November 1, 2004 (superseded document available).