30 Miss. Code. R. 1-3.2

Current through December 10, 2024

Rule 30-1-3.2 - Reinstatement of a CPA Firm Permit

Rule 3.2.1. A CPA firm seeking reinstatement of a firm permit or privilege to practice public accounting which has been revoked, suspended, canceled voluntarily or canceled for failure to register must submit to the Board an application for reinstatement of such firm permit or privilege and satisfy the requirements as described herein.

Rule 3.2.2. Such application must be filed on the form prescribed by the Board and must include a signed and acknowledged petition which sets forth in full the circumstances surrounding the revocation, suspension, or cancellation of the applicant's permit, the applicant's reasons for seeking reinstatement, and any other information the applicant wishes to bring to the attention of the Board.

Rule 3.2.3. A former CPA firm whose permit or privilege has been revoked or suspended may make application for reinstatement in accordance with the provision of the Trial Board order.

(a) In considering an application the Board shall consider all activities of the applicant since the permit or privilege was canceled, revoked or suspended, including but not limited to the prior offense, the applicant's activities during the time the permit or privilege was in good standing, rehabilitative efforts, and restitution to damaged parties in the matter.

(b) After consideration of the applicant's petition and after conducting such personal examination of the applicant or other persons as it deems necessary and call a hearing to review facts and circumstances, the Board may in its discretion reinstate any revoked, suspended or surrendered firm permit or privilege. The Board shall notify such applicant of its decision in writing.

Rule 3.2.4. The Board may impose appropriate terms and conditions for reinstatement of a firm permit or privilege, impose continuing conditions on a firm permit or privilege to be reinstated, and/or otherwise modify the requirements of a prior order of suspension, revocation or probation.

Rule 3.2.5. No application for reinstatement will be considered while the applicant is under a sentence for any criminal offense, including any period during which the applicant is on court imposed probation or parole.

Rule 3.2.6. A CPA firm who obtained the firm permit through reciprocity must provide the Board confirmation of good standing with the jurisdiction of original issue on forms as prescribed by this Board.

Rule 3.2.7. Reinstatement of a suspended firm permit related to a licensee's noncompliance with an order for support as defined in Mississippi Code of 1972, Section 93-11-153, shall be reinstated only under the conditions provided per Section 93-11-157 or 93-11-163, as the case may be.

30 Miss. Code. R. 1-3.2

Miss. Code Ann. § 73- 33-5 (f)