Chapter 20-10 PERMITS TO PRACTICE ISSUED TO INDIVIDUALS
A license to engage in the practice of public accountancy in
this state will be issued to each individual who has been approved for
licensure as a CPA.
| (1) |
All licenses to
practice public accountancy in this state issued to individuals will expire on
December 31 of each odd numbered year and shall be biennially
renewable. |
| (2) |
Without a current
license, it is unlawful to practice public accountancy in this state. |
| (3) |
Applications for biennial renewal must be
submitted on or before the expiration date of December 31. Applications may be
submitted electronically or via the U.S. Postal Service. For applications
submitted via the U.S. Postal Service, a U.S. Postal Service postmark will be
considered the date of submission. |
| (4) |
Every application by an individual for
renewal of a license must be accompanied by a renewal fee and must include
affirmation that all applicable continuing professional education requirements,
as provided in O.C.G.A. Section
43-3-19 and Chapter 20-11 of the
Rules have been met. |
| (5) |
In
addition, the applicant for renewal must notify the Board of the applicant's
current mailing address, and such other information as the Board may
require. |
| (6) |
The fee for biennial
renewal is $100.00. |
| (1) |
Renewal applications submitted during the four months penalty period following
license expiration will be considered penalty period applications. |
| (2) |
Penalty period applications must be
accompanied by a penalty fee of $100.00, an affirmation that the continuing
professional education requirements set forth in Chapter 20-11 of the Rules
have been met prior to the license expiration date, and such other information
as the Board may require. |
| (3) |
Licenses which have not been renewed prior to or during the penalty period in
accordance with Rules
20-10-.02 or
20-10-.03 may not be renewed;
provided however, that the holder thereof may apply for
reinstatement. |
| (4) |
During the
penalty period, without a current license it is unlawful to practice public
accountancy in this state. |
| (1) |
An application for reinstatement of an
expired license shall be accompanied by:
| (a) |
A
reinstatement fee of $300.00; and |
| (b) |
Evidence, satisfactory to the Board, of
the completion of continuing professional education as specified below:
| 1. |
Forty hours of continuing professional
education for each year since the last renewal of the license or since the
initial issuance of the license, whichever is less, up to a maximum of 160
hours. |
| 2. |
At least twenty percent
of the total hours required must be earned in accounting and auditing
subjects. |
| 3. |
At least 80 of the
continuing professional education hours must have been completed during the
2-year period immediately preceding the date of application for
reinstatement. |
| 4. |
The hours
required may be counted toward fulfilling the continuing professional education
requirements for the next biennial renewal, if they were completed during the
applicable period for renewal. |
| 5. |
No carryover hours may be used to satisfy continuing professional education
requirements for reinstatement of an expired license. |
|
| (c) |
The Board may, however, accept in lieu of
the continuing professional education requirements other evidence of continued
competency including, but not limited to, the passing of an examination
approved by the Board. |
|
| (2) |
In considering the application for
reinstatement, the Board may conduct an investigation of the applicant to
determine, among other things, if the applicant engaged in the practice of
public accountancy during the period that the applicant was not the holder of a
license to practice public accountancy. Based on the results of that
investigation, the Board may deny the application for
reinstatement. |
