Section 12 AAC 04.520 - Disciplinary guidelines(a) The board may impose greater or lesser penalties than those described under AS 08.04 and this section depending on the circumstances of a particular case, to the full extent of AS 08.01.075; AS 08.04.450. 08.04.470. and 08.04.480.(b) The board may revoke a license, permit, or practice privilege if the holder of the license, permit, or practice privilege (1) obtains or attempts to obtain, by fraud or deceit, a license, permit, or practice privilege;(2) is convicted of a felony under the laws of any state or the United States;(3) is the subject of a licensing action by another state as described in AS 08.04.450(7); or(4) has had the right to practice public accountancy before any state or federal agency suspended or revoked.(c) The board may suspend a license, permit, or practice privilege for up to two years, impose a civil fine in the amount determined by the board, and impose other disciplinary sanctions authorized under AS 08.01.075, in cases of (1) gross negligence in the practice of public accounting as defined in 12 AAC 04.530;(2) an act discreditable to the accounting profession as defined in 12 AAC 04.530;(3) dishonesty in the practice of public accounting as defined in 12 AAC 04.530;(4) the conviction of a crime involving dishonesty or fraud as described in AS 08.04.450(6); or(5) unprofessional conduct in an investigation.(d) The board may suspend a license, permit, or practice privilege for up to one year, in cases of (1) violation of a provision of AS 08.04.500-08.04.610 as described in AS 08.04.450(3); and(2) violation of a regulation of the board as described in AS 08.04.450(4).(e) If the board determines that an applicant has cheated on or breached the security of the examination for certified public accountancy, the applicant is subject to the following: (1) voiding of that applicant's examination score and denial of a license or permit to that applicant based on that examination score;(2) prohibition of that applicant from sitting for further examinations in the state.Eff. 4/10/88, Register 106; am 2/14/99, Register 149; am 1/1/2008, Register 184; am 12/25/2015, Register 216, January 2016; am 4/12/2024, Register 250, July 2024Effective in Register 149, April, 1999, the regulations attorney made technical corrections to 12 AAC 04.520(c), to reflect the reorganization of 12 AAC 04.530, and to correct a clerical error.
Authority:AS 08.01.075
AS 08.04.070
AS 08.04.130
AS 08.04.450