2019 Oklahoma Statutes
Title 59. Professions and Occupations
§59-15.12A. Holders of certificate or license from another state - Consent to jurisdiction – Compliance with Board rules - State licensees practicing in another state.
A. 1. An individual whose principal place of business is not in this state and who holds a valid certificate or license as a Certified Public Accountant or Public Accountant from any jurisdiction which the Oklahoma Accountancy Board’s designee has verified to be in substantial equivalence to the Certified Public Accountant and Public Accountant licensure requirements of the AICPA/NASBA Uniform Accountancy Act shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the privileges of certificate and license holders of this state without the need to obtain a certificate, license or permit required under Sections 15.9, 15.13, 15.14A, 15.15 and 15.15A of this title. An individual who offers or renders professional services, whether in person or by mail, telephone or electronic means, under this section shall be granted practice privileges in this state and no notice, fee or submission shall be provided by any such individual. Such an individual shall be subject to the requirements in paragraph 3 of this subsection.
2. An individual whose principal place of business is not in this state who holds a valid certificate or license as a Certified Public Accountant or Public Accountant from any jurisdiction which the Oklahoma Accountancy Board’s designee has not verified to be in substantial equivalence to the Certified Public Accountant licensure requirements of the AICPA/NASBA Uniform Accountancy Act shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the privileges of certificate and license holders of this state without the need to obtain a certificate, license or permit required under Sections 15.9, 15.13, 15.14A, 15.15 and 15.15A of this title. Any individual who passed the Uniform CPA Examination and holds a valid certificate or license issued by any other state prior to January 1, 2012, may be exempt from the education requirement of the Uniform Accountancy Act for purposes of this paragraph. An individual who offers or renders professional services, whether in person, or by mail, telephone or electronic means, under this section, shall be granted practice privileges in this state and no notice, fee or submission shall be provided by any such individual. Such an individual shall be subject to the requirements in paragraph 3 of this subsection.
3. An individual certificate holder or license holder of another jurisdiction exercising the privilege afforded under this section, and any firm which employs that certificate holder or license holder hereby simultaneously consent, as a condition of the granting of this privilege:
a.to the personal and subject matter jurisdiction and disciplinary authority of the Board,
b.to comply with the Oklahoma Accountancy Act and the Board’s rules,
c.that in the event the certificate holder or license holder from the jurisdiction of the individual’s principal place of business is no longer valid, the individual will cease offering or rendering professional services in this state individually or on behalf of a firm, and
d.to the appointment of the state board which issued the certificate or license as the agent upon whom process may be served in any action or proceeding by the Board against the certificate or license holder.
4. A certified public accounting or public accounting firm that is licensed and has its primary place of business in another state, does not have an office in this state and does not provide the professional services described in subparagraphs a, b, and c of paragraph 5 of this subsection for a client whose home office is in this state, may practice in this state without a firm license, permit, or notice to the Board if the firm’s practice in this state is performed by an individual who is licensed in Oklahoma or who has been granted practice privileges under paragraph 1 or 2 of this subsection.
5. An individual who has been granted practice privileges under this section who, for any entity with its home office in this state, performs any of the following services:
a.any audit or other engagement to be performed in accordance with Statements on Auditing Standards,
b.any review of a financial statement to be performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS),
c.any report performed in accordance with Statements on Standards for Attestation Engagements (SSAE), and
d.any engagement to be performed in accordance with the Auditing Standards of the Public Company Accounting Oversight Board (PCAOB),
may only do so through a firm which has obtained a permit issued under Section 15.15A of this title.
B. A registrant of this state offering or rendering services or using the registrant’s CPA or PA title in another jurisdiction shall be subject to disciplinary action in this state for an act committed in another jurisdiction which would subject the certificate or license holder to discipline in that jurisdiction. The Board shall be required to investigate any complaint made by the board of accountancy of another jurisdiction.
Added by Laws 2002, c. 312, § 8, eff. Nov. 1, 2002. Amended by Laws 2004, c. 125, § 14, eff. Nov. 1, 2004; Laws 2009, c. 45, § 9, emerg. eff. April 14, 2009; Laws 2010, c. 85, § 6, eff. July 1, 2010; Laws 2011, c. 150, § 1.
