Iowa Admin. Code r. 193A-5.1
Current through Register Vol. 47, No. 10, November 13, 2024
Rule 193A-5.1 - Licensure status and practice privilege(1) Licenses issued by the board pursuant to Iowa Code section 542.6, 542.8, or 542.19, or any other applicable law or rule, may be in active, inactive, or lapsed status, as follows: a. An initial license is issued in active status with an expiration date. Maintaining active status is conditioned on periodic renewal as provided in rule 193A-5.3 (542). Completion of sufficient continuing education as provided in 193A-Chapter 10 is a prerequisite to renewal in active status.b. A license may be renewed in inactive status as provided in rule 193A-5.7 (272C,542) if the licensee does not satisfy the continuing education obligations for renewal in active status. A renewal license issued in inactive status lapses if not timely renewed pursuant to rule 193A-5.3 (542). An inactive license may be reinstated to active status at any time pursuant to subrule 5.7(7).c. An active or inactive license that is not timely renewed lapses. A lapsed license may be reinstated to active or inactive status at any time pursuant to subrule 5.4(3).(2) Practicing public accounting in Iowa or for a client with a home office in Iowa while holding an inactive or lapsed license is a ground for discipline under Iowa Code section 542.10 and may also or alternatively provide grounds for the regulatory actions described in Iowa Code section 542.14.(3) Out-of-state individuals holding an inactive or lapsed Iowa CPA certificate and out-of-state individuals to whom an Iowa CPA certificate has never been issued under Iowa Code chapter 542 or prior law may exercise a practice privilege under Iowa Code section 542.20 if they hold an active CPA certificate in the jurisdiction in which they maintain their principal place of business and otherwise satisfy all of the conditions described in Iowa Code section 542.20 and 193A-Chapter 20.(4) Exercising a practice privilege in Iowa or for a client with a home office in Iowa while holding an inactive or lapsed Iowa CPA certificate places a special burden on the individual to ensure that the public is informed about the individual's licensure status in Iowa and in the jurisdiction of active licensure, as provided in 193A-paragraphs 20.8(2)"b" and 20.8(3)"b." As a practical matter, an individual's failure to clarify licensure status in Iowa and in the jurisdiction of the individual's principal place of business may confuse the public. However, the public may consult CPAverify, a comprehensive national data bank, to verify an individual's licensure in another jurisdiction. CPAverify may be accessed at www.cpaverify.org. A client contacting the board or consulting the board's website will be informed of the individual's licensure status in Iowa.Iowa Admin. Code r. 193A-5.1
ARC 7715B, lAB 4/22/09, effective 7/1/09; ARC 9482B, lAB 5/4/11, effective 6/8/11Amended by IAB September 30, 2015/Volume XXXVIII, Number 07, effective 11/4/2015Amended by IAB April 21, 2021/Volume XLIII, Number 22, effective 5/26/2021Adopted by IAB March 6, 2024/Volume XLVI, Number 18, effective 4/10/2024