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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 12. Professional Regulations. |
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Part 12.1. Boards and Commissions Subject to Centralized Licensing. |
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Chapter 12.04. Board of Public Accountancy. |
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Article 12.04.8. Quality Review. |
Section 12.04.630. Special quality review reporting requirements.
Latest version.
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(a) A permit holder shall meet the requirements in this section if the permit holder (1) has undergone a quality review that is approved under 12 AAC 04.610(a) for a permit holder who issued a report on reviewed financial statements but did not issue a report on audited financial statements; (2) has not undergone a quality review that is approved under 12 AAC 04.610(a) for a permit holder who issued a report on audited financial statements; and (3) issued the permit holder's first report during the permit period on audited financial statements within the last 12 months of the concluding permit period. (b) A permit holder described in (a) of this section shall (1) notify the board within 30 days of issuing the first report on audited financial statements or no later than the date of filing the application for permit renewal; (2) within 18 months after the date of the first completed report on audited financial statements, undergo a quality review that meets the requirements of 12 AAC 04.610(a) for a permit holder who has issued a report on audited financial statements; and (3) meet the requirements of 12 AAC 04.600(a) for subsequent renewal of the permit to practice.
Authorities
08.04.070;08.04.426