Terms used in reference to annual requirements of certificate holders performing public accountancy and not performing public accountancy mean:

1. (1) "Active certificate," a Certified Public Accountant or Public Accountant certificate issued by this state to an individual performing accounting services, subject to the continuing professional education described in SDCL 36-20B-27;
2. (2) "Inactive certificate," a Certified Public Accountant or Public Accountant certificate issued by this state to an individual who is not performing public accountancy, or offering to perform, for the public, one or more kinds of services involving the use of accounting, as described in SDCL 36-20B-27;
3. (3) "Retired status," a form of inactive Certified Public Accountant or Public Accountant certificate issued by this state to an individual who is at least fifty-five years of age and is no longer participating in the practice of any accounting discipline governed under SDCL chapter 36-20B.

Source: 29 SDR 16, effective August 14, 2002; 35 SDR 305, effective July 1, 2009.

General Authority: SDCL 36-20B-12 .

Law Implemented: SDCL 36-20B- 27 .

Prior versions effective: 2009-07-01.