Section R. 338.5140 - Permit for temporary practiceRule 140.
(1) An accountant who does not qualify for practice privileges under section 727a of the code, MCL 339.727a or who does not hold a license to practice public accounting in this state, shall obtain a permit and pay the fee for each engagement in this state by the accountant, or on behalf of the accountant's firm, who does not hold a license to practice public accountancy in this state. The applicant shall hold a license as a CPA of another state, or hold a title from a foreign country, recognized by the board as comparable to the Michigan certificate of CPA and shall be practicing public accountancy under the certificate or license in the grantor state or country.(2) If approved by the department, the term of the permit begins on the date approved unless otherwise specified and must be for a specified period but must not be for more than 1 year.(3) The temporary practice shall be performed by, or under the direct supervision of, a licensed CPA, an individual with practice privileges under section 727a of the code, MCL 339.727a, or the holder of a title from a foreign country who is recognized under subrule (1) of this rule.(4) A temporary permit is not required if the work relates to a Michigan-based division or subsidiary of an entity, if the parent entity is located in another state or foreign country and is a client of the CPA, firm, or foreign accountant, and if a separate presentation of financial statements with a related independent auditor's report or review report, or an attestation regarding the reliability of a representation or estimate, is not made for the division or subsidiary on a stand-alone basis.(5) A temporary permit is not required if the work is to be performed through the applicant's employer who presently holds a license to practice public accountancy in this state.(6) A temporary permit issued to an accountant also constitutes a temporary permit for the accountant's firm, if the accountant's firm is not presently licensed in this state.(7) If another jurisdiction charges a fee for providing an affidavit or certificate of professional standing for deciding whether the applicant is qualified to practice public accountancy temporarily in this state, the applicant shall pay the fee.Mich. Admin. Code R. 338.5140
1979 AC; 1998-2000 AACS; 2007 AACS; 2013 AACS; 2022 MR 22, Eff. 11/21/2022