The Board proposes the rule amendment to provide the circumstances in which a CPA, licensed in another state, would not be required to obtain a temporary license to perform a specific engagement in Florida.

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Board of Accountancy

Rule No.: RULE TITLE
61H1-29.002: Temporary License
PURPOSE AND EFFECT: The Board proposes the rule amendment to provide the circumstances in which a CPA, licensed in another state, would not be required to obtain a temporary license to perform a specific engagement in Florida.
SUMMARY: Language concerning the circumstances in which a CPA, licensed in another state, would not be required to obtain a temporary license to perform a specific engagement in Florida, will be added to the rule.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared. The Board determined the proposed rules will not have an impact on small business.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 473.304, 473.305, 473.314 FS.
LAW IMPLEMENTED: 473.314, 473.315 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Veloria A. Kelly, Division Director, Board of Accountancy, 240 N.W. 76th Drive, Suite A, Gainesville, Florida 32607

THE FULL TEXT OF THE PROPOSED RULE IS:

61H1-29.002 Temporary License.

(1) through (8) No change.

(9) Notwithstanding the above-stated requirements, a temporary license will not be required for an individual meeting one of the following requirements:

(a) Holds a valid license as a certified public accountant from a state that has adopted the substantially equivalency standards set forth in Section 5 of the Uniform Accountancy Act, fifth edition revised July 2007, incorporated herein and available at http://www.aicpa.org/Advocacy/State/Documents/UAA%20Fifth%20Edition%20Final%20Version.pdf; or

(b) Holds a valid license as a certified public accountant and obtains verification from the National Association of State Board of Accountancy CredentialNet service that the individual meets the substantially equivalency standards set forth in Section 5 of the Uniform Accountancy Act, fifth edition revised July 2007. CredentialNet can be reached at [e-mail] or [phone].

Rulemaking Authority 473.304, 473.305, 473.314 FS. Law Implemented 473.314, 473.315 FS. History–New 12-4-79, Amended 2-3-81, 10-19-83, Formerly 21A-29.02, Amended 5-3-88, 12-3-89, 6-13-90, 3-29-92, 12-2-92, Formerly 21A-29.002, Amended 6-28-94, 1-11-95, 8-28-06, 12-10-09,________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Accountancy
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Board of Accountancy
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: October 21, 2010
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: June 4, 2010