2006 Utah Code - 58-26a-307 — CPA emeritus status -- Renewal of license.

     58-26a-307.   CPA emeritus status -- Renewal of license.
     (1) A person currently licensed as a certified public accountant may, on any renewal date of that license, apply for and obtain a transfer of that license to a status of CPA emeritus registration if:
     (a) (i) the licensee is at least 60 years of age as of the date of renewal;
     (ii) the licensee is disabled; or
     (iii) the board finds other good cause for believing that the licensee will not return to the practice of public accountancy;
     (b) the licensee makes an application for transfer of status and registration and pays a registration fee determined by the department under Section 63-38-3.2;
     (c) the licensee, on application for transfer, certifies that he will not engage in the practice of public accountancy while in the status of CPA emeritus registration; and
     (d) the licensee is in good standing as a CPA and not subject to any order of revocation, suspension, or probation.
     (2) Each CPA emeritus registration shall be issued in accordance with a two-year renewal cycle established by rule.
     (3) CPA emeritus registrants may not engage in the practice of public accountancy.
     (4) CPA emeritus registrants are not required to fulfill the continuing professional education or peer review provisions of this chapter.
     (5) Each CPA emeritus registrant is responsible for renewing his registration, according to procedures that the division establishes by rule in collaboration with the board in accordance with Section 58-1-308.
     (6) A CPA emeritus registrant may reinstate his CPA license by:
     (a) submitting an application in a form prescribed by the division;
     (b) paying a fee determined by the department under Section 63-38-3.2; and
     (c) showing evidence of having completed the continuing professional education requirement established by rule.

Enacted by Chapter 261, 2000 General Session