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17-12-505. Inactive status.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-12-505. Inactive status.
(a) The Arkansas State Board of Public Accountancy may by rule create an exception to the continuing education requirement of § 17-12-502 for licensees who do not perform or offer to perform for the public:
(1) One (1) or more kinds of services involving the use of accounting or auditing skills, including issuance of reports on financial statements;
(2) One (1) or more kinds of management advisory, financial advisory, or consulting services;
(3) The preparation of tax returns; or
(4) The furnishing of advice on tax matters.
(b) A licensee granted an exception under subsection (a) of this section by the board shall place the word “inactive” adjacent to his or her CPA title or PA title on any business card, letterhead, electronic transmission, or any other document or device, with the exception of his or her CPA certificate or PA registration, on which his or her CPA or PA title appears.
(c) The following activities are exempted from the restrictions provided in subsection (a) of this section:
(1) Attorneys with a current law license may provide tax services as allowed by his or her law license while his or her CPA or PA license is on inactive status;
(2) A nonresident licensee who holds an active CPA or PA license to practice in his or her state of residence may engage in the activities permitted by the license issued by the state of residence while his or her Arkansas CPA or PA license remains inactive, but he or she may not engage in the activities listed in subsection (a) of this section within this state, for clients who are residents of this state, or for clients whose home office is located in this state without an active Arkansas CPA or PA license;
(3) An inactive licensee may provide services listed in subsection (a
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-12-505
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:17-12-505
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 18524a9abc5c6b1506f3655ad6a1a717d1d9f108bc7b689563202382fa27f559
Source location: content.xml paragraph 1502
Stored source content
17-12-505. Inactive status.
(a) The Arkansas State Board of Public Accountancy may by rule create an exception to the continuing education requirement of § 17-12-502 for licensees who do not perform or offer to perform for the public:
(1) One (1) or more kinds of services involving the use of accounting or auditing skills, including issuance of reports on financial statements;
(2) One (1) or more kinds of management advisory, financial advisory, or consulting services;
(3) The preparation of tax returns; or
(4) The furnishing of advice on tax matters.
(b) A licensee granted an exception under subsection (a) of this section by the board shall place the word “inactive” adjacent to his or her CPA title or PA title on any business card, letterhead, electronic transmission, or any other document or device, with the exception of his or her CPA certificate or PA registration, on which his or her CPA or PA title appears.
(c) The following activities are exempted from the restrictions provided in subsection (a) of this section:
(1) Attorneys with a current law license may provide tax services as allowed by his or her law license while his or her CPA or PA license is on inactive status;
(2) A nonresident licensee who holds an active CPA or PA license to practice in his or her state of residence may engage in the activities permitted by the license issued by the state of residence while his or her Arkansas CPA or PA license remains inactive, but he or she may not engage in the activities listed in subsection (a) of this section within this state, for clients who are residents of this state, or for clients whose home office is located in this state without an active Arkansas CPA or PA license;
(3) An inactive licensee may provide services listed in subsection (a) of this section on a volunteer basis if no compensation is received, the services are not attest services, and no documents are signed as a CPA or PA by the inactive licensee; and
(4) An inactive licensee who has returned to work involving the practice of public accounting and has applied with the board to upgrade his or her license to active status may engage in the activities listed in subsection (a) of this section if he or she is supervised by another active licensee and no documents are signed as a CPA or PA by the inactive licensee until his or her application is approved by the board.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-12-502. Continuing education requirement.
(a) Every application for renewal of a license by any person who holds a certificate as a certified public accountant or registration as a public accountant shall be accompanied or supported by such evidence as the Arkansas State Board of Public Accountancy shall prescribe, documenting completion of forty (40) hours of acceptable continuing education, approved by the board, during the twelve-month period immediately preceding the expiration date of the license, or one hundred twenty (120) hours of acceptable continuing education approved by the board, during the thirty-six-month period immediately preceding the expiration date of the license.
(b) Failure by an applicant for renewal of a license to furnish such evidence shall constitute grounds for revocation, suspension, or refusal to issue or renew such a license in a proceeding under § 17-12-601 unless the board in its discretion shall determine the failure to have been due to reasonable cause.
(c) The board in its discretion may renew a license despite failure to furnish evidence of satisfaction of requirements of continuing education and may renew a license to an applicant who has previously maintained inactive status under § 17-12-505 upon the condition that the applicant follow a particular program or schedule of continuing education.
(d) In issuing rules and individual orders in respect to requirements of continuing education, the board in its discretion:
(1) May, among other things, use and rely upon guidelines and pronouncements of recognized educational and professional associations;
(2) May prescribe content, duration, and organization of courses;
(3) Shall take into account the accessibility to applicants of such continuing education as it may requir
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-12-502
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-12-502. This identifies an authority to review, not proof of applicability.