A non-resident Public Accountant and an Arkansas Public Accountant or Certified Public Accountant may form a partnership or corporation for the practice of public accountancy, which shall be registered with the Board, provided that the non-resident Public Accountant holds a valid and unrevoked license in a jurisdiction having a regulatory law and, further provided that the non-resident Public Accountant shall not actively practice public accounting in Arkansas as an individual or as a partner or shareholder of the firm.
The Board will not register such a partnership or corporation if the non-resident Public Accountant lives in a state which does not have a regulatory accountancy law.
Non resident firms: Corporations, Limited Liability Companies, Partnerships, Sole Proprietorships, and other permissible forms of practice that are practicing in Arkansas under practice privileges are subject to the following:
Application for an initial license, reinstatement, or renewal shall be made on a form provided by the Board, and in the case of application for renewal, shall be filed by January 1 of each year.
The fees for various services of the Board are as follows (must be paid in U. S. dollars):
CPA EXAMINATION:
* Application Fees - First-Time and Section Fees (non-refundable and non-transferable):
First-time application fee ............................................................................ | . $50 |
Applying for one section ............................................................................. | . $75 |
Applying for two sections ............................................................................ | . $90 |
Applying for three sections ......................................................................... | . $105 |
Applying for four sections ........................................................................... | . $120 |
* Other Costs:
Fees for the NASBA, AICPA, and Test Delivery Provider are also collected by the Board and held for the candidate for transfer to these entities. These entities set fees separate from the Board. The Board will display such fees on the examination application.
APPLICATION FEES (non refundable):
CPA/PA License ......................................................................................... | $50 |
Reciprocal License ...................................................................................... | $50 |
Registration as a Public Accountant ........................................................... | $50 |
Firm Registration of Partnership, Limited Liability Company or Corporation Composed of CPAs ............................................................ | $110 |
Firm Registration of Partnership, Limited Liability Company or Corporation Composed of PAs ............................................................. | $110 |
Firm Registration of Sole Proprietor, Partnership, Limited Liability Company or Corporation Composed of CPAs required to register under Substantial Equivalency ................................................................................................. | .$110 |
Reinstatement ......................... | $150 |
Duplicate or replacement certificate................. | $ 40 |
Transfer of Credits From Another Jurisdiction: | |
Transfer Fee for Each Part........................................................................ | $10 |
ANNUAL REGISTRATION FEES
License to Practice................ .............................. | .$110 |
Inactive License Status....................... | ..$55 |
Inactive/Retired.......................... | .$30 |
Firm Registration: Partnership, Corporations and Limited Liability Company ................ ..... ......................................................................... | $110 |
Firm Registration of Sole Proprietor, Partnership, Limited Liability Company or Corporation Composed of CPAs required to register under Substantia Equivalency ................................................................................................ | $110 |
Registration of each firm office in excess of one office.......... | $ 25 |
Late Fee - License to Practice/Firms.............per month | $ 25 |
Late Fee - Inactive License Status.......... ................. per month | $10 |
QUALITY REVIEW
Fee for First Report........................ | .$100 |
Fee for each additional type of report submitted............ | $50 |
Fees are due at the time reports are submitted for review in response to QR Survey.
Quality Review (QR) is to be conducted annually on one third of the licensees on a rotating basis. QR may be required more frequently as provided herein.
The QR reviewers shall have the following qualifications:
Team captains shall have the following qualifications:
The QR consultant shall have the following qualifications:
The QR process shall include:
The QR will result in a determination whether each report is acceptable, marginal, or substandard.
019.00.09 Ark. Code R. 002