1. (1) An Oregon CPA or PA licensee that is not expired, revoked or suspended can apply for retired status when that licensee has held an active CPA or PA license in good standing for a combined period of not less than 20 years.

2. (2) A Retired Licensee cannot:

   1. (a) Practice public accountancy; or
   2. (b) Hold an ownership interest in a registered CPA or PA firm.

3. (3) A Retired Licensee can:

   1. (a) Volunteer or provide pro bono tax services so long as there is no compensation or remuneration of any kind offered or paid; or
   2. (b) Be employed by a public accounting firm, performing any work that someone without a CPA or PA license is entitled to perform in a public accounting firm. The work of a retired licensee must be supervised by an active Oregon licensee.

4. (4) Application for Retired Status:

   1. (a) An application for retired status must be made on a form provided by the Board and must be accompanied by a fee prescribed by OAR 801-010-0010.
   2. (b) An applicant for retired status must hold at the time of application an Oregon CPA or PA license that is not expired, revoked or suspended.
   3. (c) An applicant for retired status must provide sufficient evidence to the Board that the applicant has held an active CPA or PA license in good standing for a combination of 20 years.

   4. (d) If an applicant for retired status works for a CPA firm, PA firm or Sole Practitioner the applicant must:

      1. (A) Certify to the Board that the retired status licensee does not perform any work that someone without a CPA or PA license is not entitled to perform in a public accounting firm; and
      2. (B) Provide the name, contact information and license number of the Oregon active licensee supervising the retired status licensee.

5. (5) Renewal Requirements. A licensee granted retired status must renew in accordance with OAR 801-010-0110 and if working in a CPA firm, PA firm or for a Sole Practitioner, certify on the renewal form:

   1. (a) That they have not preformed any work that someone without a CPA or PA license is not entitled to perform in a public accounting firm; and
   2. (b) Provide the name, contact information and license number of the Oregon active licensee supervising the retired status licensee.
6. (6) CPE. Retired licensees are not required to obtain or report CPE.
7. (7) Retired Licensees Use of CPA or PA Designation. A licensee who is granted retired status cannot use the CPA or PA designation unless the word “Retired” is used in conjunction with designation, such as “CPA Retired,” and the term retired is listed in the same font size as CPA or PA.
8. (8) Reinstatement. A licensee in retired status will be permitted to reinstate to retired, active or inactive status in accordance with the provisions in OAR 801-010-0130.

9. (9) Reporting Requirements. In addition to any other reporting requirements required for licensees, retired licensees must notify the Board within thirty days of:

   1. (a) Initiating employment with a CPA firm, PA firm or Sole Practitioner;
   2. (b) Any changes of employment with a CPA firm, PA firm or Sole Practitioner; or
   3. (c) Any changes with the Oregon active licensee supervising the retired licensee.

Statutory/Other Authority

ORS 673.150 & ORS 673.220

Statutes/Other Implemented

ORS 673.410

History

BOA 1-2026, adopt filed 01/29/2026, effective 02/01/2026