reglab/statecodes huggingface dataset:
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 6 - Attest and Compilation Services › Rule 193A-6.3 - Attest Qualification

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Attest
			 qualification is necessary before a CPA may perform attest services in Iowa or
			 for a client with a home office in Iowa. "Attest qualification" or "attest
			 qualified" means that the CPA has satisfied the experience obligations of rule
			 193A-6.2 (542).
(2) All CPAs who held
			 an individual permit to practice in Iowa at any point prior to July 1, 2002, are
			 deemed to be attest qualified. Under Iowa law prior to July 1, 2002, CPAs were
			 only issued an individual permit to practice if they verified their qualification
			 to perform attest services. Individual permits to practice were discontinued
			 under Iowa law effective July 1, 2002.
(3) CPAs who did not hold a permit to practice
			 prior to July 1, 2002, may attain or establish attest qualification as follows:
a. Applicants may apply for attest
			 qualification when initially applying for a certificate as an Iowa CPA under Iowa
			 Code section 542.6 or when applying for reciprocal Iowa certification under Iowa
			 Code section 542.19 or any other applicable law or rule.
b. Iowa CPA certificate holders may apply for
			 attest qualification at any time at which they are qualified to do so.
c. Out-of-state CPAs performing attest services
			 while exercising a practice privilege under Iowa Code section 542.20 do not have
			 to individually apply to the board for attest qualification. However, if:
(1) CPAs perform attest services in an Iowa CPA
			 firm, the Iowa CPA firm will affirm when applying for an initial or renewal firm
			 permit to practice that the CPAs who supervise attest services for the firm or
			 who sign or authorize someone to sign the accountant's report on behalf of the
			 firm, as such attest services are or will in the following year be performed in
			 Iowa or for a client with a home office in Iowa, have been qualified to perform
			 attest services in Iowa or another jurisdiction.
(2) CPAs perform attest services through an
			 out-of-state CPA firm exercising a practice privilege, the out-of-state CPA firm
			 will affirm upon request from the board that the CPAs who supervise attest
			 services for the firm or who sign or authorize someone to sign the accountant's
			 report on behalf of the firm, as such attest services are or will in the
			 following year be performed in Iowa or for a client with a home office in Iowa,
			 have been qualified to perform attest services in Iowa or another
			 jurisdiction.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 6 - Attest and Compilation Services › Rule 193A-6.4 - Compilation Services

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Only a CPA
			 licensed by the board under Iowa Code section 542.6 or 542.19 or any other
			 applicable law or rule; an LPA licensed by the board under Iowa Code section
			 542.8 or any other applicable law or rule; or a person exercising a practice
			 privilege under Iowa Code section 542.20 may issue a report in standard form upon
			 a compilation of financial information or otherwise provide compilation services
			 in Iowa or for a client with a home office in Iowa.
(2) An individual described in subrule 6.4(1)
			 may perform compilation services through a CPA firm that holds a permit to
			 practice under Iowa Code section 542.7, an LPA firm that holds a permit to
			 practice under Iowa Code section 542.8, a CPA firm exercising a practice
			 privilege under Iowa Code section 542.20, or, if both the individual and business
			 comply with Iowa Code section 542.13(13), through any other form of
			 business.
(3) All individuals
			 described in subrule 6.4(1) who are responsible for supervising compilation
			 services or who will sign or authorize someone to sign the accountant's
			 compilation report on financial statements, as such compilation services will be
			 performed in Iowa or for a client with a home office in Iowa, are obligated to
			 comply with the nationally recognized professional standards that are applicable
			 to compilation services, including SSARS.
(4) All individuals described in subrule 6.4(1)
			 will satisfy peer review obligations individually or through the peer review of a
			 CPA or LPA firm holding a permit to practice pursuant to Iowa Code section 542.7 or 542.8 or a CPA firm exercising a practice privilege under Iowa Code section
			 542.20.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.1 - When Licensure Is Needed

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Except as
			 provided in 193A-Chapter 21, a sole proprietorship, corporation, partnership,
			 limited liability company, or any other form of organization is obligated to
			 apply for a permit to practice as a firm of certified public accountants pursuant
			 to Iowa Code section 542.7.
(2) A
			 firm that is not subject to subrule 7.1(1) may practice public accounting in Iowa
			 in accordance with Iowa Code section 542.7(1)
"b."
(3) Unless individual Iowa licensure is needed
			 by a government body or a client, the public accounting services provided by a
			 CPA firm holding an Iowa permit to practice may be performed in Iowa or for a
			 client with a home office in Iowa by Iowa CPAs or wholly by persons exercising a
			 practice privilege under Iowa Code section 542.20.
(4) A CPA firm issued a permit to practice by
			 the board is accountable to the board and subject to discipline by the board for
			 the acts of its owners or other agents, pursuant to 193A-subrule 14.2(4), whether
			 or not such persons are individually licensed by the board.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.2 - Application Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) All applications
			 are submitted through the board's online application process. The board will only
			 process fully completed applications accompanied by the proper fee. Each
			 application fee is nonrefundable.
(2)
			 An initial or renewal application for a firm permit to practice may be denied:
a. Pursuant to Iowa Code section
			 542.7(3)
"f"
;
b.
			 Based on the firm's failure to comply with Iowa Code section 542.7 or a failure
			 to sustain the simple majority of ownership obligations of Iowa Code section
			 542.7(3); or
c. Based on a regulatory
			 or disciplinary action or, to the extent applicable and subject to the
			 limitations and processes set forth at Iowa Code section 272C.15 and
			 corresponding implementing rules located at 193-Chapter 15, a criminal conviction
			 described in subrules 7.3(14) and 7.3(15) against any of the firm's licensed or
			 unlicensed owners.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.4 - Renewal Procedures

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The permit holder
			 will submit an electronic online renewal by the June 30 deadline each year.
			 Applications are deemed filed on the date of electronic renewal.
(2) The permit holder will list on the renewal
			 application all states in which the applicant has applied for or holds a permit
			 as a certified public accounting firm and list any past denial, revocation,
			 suspension, refusal to renew or voluntary surrender to avoid disciplinary action
			 of a permit to practice or practice privilege. Renewal applications include such
			 additional information as the board needs, including all of the information
			 described in rule 193A-7.3 (542).
(3)
			 Within the meaning of Iowa Code chapters 17A, 272C and 542, a timely and
			 sufficient renewal application will be:
a.
			 Received by the board in electronic form on or before June 30;
b. Certified as accurate through the online
			 renewal process;
c. Fully completed
			 and accompanied with the proper fee. The fee will be deemed improper if, for
			 instance, the amount is incorrect, the fee was not included with the application,
			 the credit card number provided by the applicant is incorrect, the date of
			 expiration of a credit card is omitted or incorrect, the attempted credit card
			 transaction is rejected, or the applicant's check is returned for insufficient
			 funds or a closed account.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.5 - Failure to Renew Permit

Current through Register Vol. 47, No. 3, July 24, 2024
(1) A firm that fails
			 to renew the permit by the expiration date, but does so within 30 days following
			 the expiration date, will be assessed a penalty as provided in rule
			 193A-12.1 (542).
(2) If the firm fails
			 to renew the permit within the 30-day grace period outlined in rule
			 193A-7.6 (542), the permit will lapse and the firm will need to reinstate in
			 accordance with rule 193A-7.7 (542). The firm is not authorized to practice during
			 the period of time that the permit is lapsed, including the 30-day grace
			 period.
(3) The board may reinstate
			 the permit upon payment of the proper renewal fee and a penalty as provided in
			 rule 193A-12.1 (542). A written statement outlining the firm's professional
			 activities during the period of lapsed licensure, including a list of Iowa
			 clients and the services performed, is also needed.
(4) The board may find probable cause to file
			 charges for unlicensed practice if the firm engaged in any activity that
			 obligates licensure pursuant to subrule 7.1(1) during the period of lapsed
			 licensure. In addition to the disciplinary sanctions described in rule
			 193A-16.3 (272C,542), firms found to have practiced public accounting in violation
			 of subrule 7.1(1) on a lapsed license will notify clients upon such terms as the
			 board orders.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.6 - Notice to the Board

Current through Register Vol. 47, No. 3, July 24, 2024
A holder of or applicant for a permit shall notify the board in
				writing within 30 days of an occurrence described in Iowa Code section
				542.7(6).
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 7 - Certified Public Accounting Firms › Rule 193A-7.7 - Noncompliance

Current through Register Vol. 47, No. 3, July 24, 2024
The board may grant a reasonable period of time, usually 90 days,
				for a firm to take such corrective action pursuant to Iowa Code section
				542.7(7).
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 8 - Licensed Public Accounting Firms › Rule 193A-8.1 - Initial Permit to Practice

Current through Register Vol. 47, No. 3, July 24, 2024
(1) A sole
			 proprietorship, corporation, partnership, limited liability company, or any other
			 form of organization may apply for a permit to practice under Iowa Code section
			 542.8.
(2) The application may be
			 completed and submitted through the online application process and provide
			 sufficient information pursuant to Iowa Code section 542.8(12)  or certificates
			 issued by the board under Iowa Code section 542.6 or 542.19 or are eligible to
			 practice under practice privilege pursuant to Iowa Code section 542.20, or
			 otherwise hold a license or certificate to practice public accounting in another
			 state. At least one owner has to be licensed under Iowa Code section
			 542.8.
(3) The application will list
			 the physical location and contact information for all offices within this state
			 and the licensee in charge of each such office.
(4) Fraud or deceit, by commission or omission,
			 in obtaining a firm permit to practice is a ground for discipline, including
			 permanent revocation of the firm's permit to practice, the individual certificate
			 of an Iowa LPA or CPA, or an individual's practice privilege, as applicable to
			 the entity or persons responsible.
(5) An initial or renewal application for a
			 firm permit to practice may be denied pursuant to Iowa Code section
			 542.8(12)
"e."
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 8 - Licensed Public Accounting Firms › Rule 193A-8.3 - Failure to Renew Permit

Current through Register Vol. 47, No. 3, July 24, 2024
(1) A firm that fails
			 to renew the permit by the expiration date, but does so within 30 days following
			 the expiration date, will be assessed a penalty of 25 percent of the annual
			 renewal fee.
(2) If the firm fails to
			 renew the permit within the 30-day grace period outlined in subrule 8.3(1), the
			 permit will lapse and the firm may then apply for reinstatement in accordance
			 with subrule 8.3(3). The firm is not authorized to practice as an LPA firm during
			 the period of time that the permit is lapsed, including the 30-day grace
			 period.
(3) The board may reinstate
			 the permit upon payment of the proper renewal fee and a penalty as provided in
			 rule 193A-12.1 (542). A written statement outlining the firm's professional
			 activities during the period of lapsed licensure is needed in this
			 context.
(4) The board may find
			 probable cause to file charges for unlicensed practice if the firm continues to
			 offer services defined as the practice of accounting while using the title "LPAs"
			 or "LPA firm" during the period of lapsed licensure.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 8 - Licensed Public Accounting Firms › Rule 193A-8.4 - Notice to the Board

Current through Register Vol. 47, No. 3, July 24, 2024
A holder of or an applicant for a permit will notify the board in
				writing within 30 days in compliance with Iowa Code section
				542.8(15).
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 8 - Licensed Public Accounting Firms › Rule 193A-8.5 - Noncompliance

Current through Register Vol. 47, No. 3, July 24, 2024
A firm which, after receiving or renewing a permit, is not in
				compliance with Iowa Code section 542.8 as a result of a change in firm ownership
				or personnel will take corrective action to bring the firm back into compliance
				as quickly as possible or apply to modify or amend the permit. The board may
				grant a reasonable period of time, usually 90 days, for a firm to take such
				corrective action. Failure to comply within a reasonable period as deemed by the
				board will result in the suspension or revocation of the firm
				permit.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.1 - Iowa Cpa Certificate Necessary

Current through Register Vol. 47, No. 3, July 24, 2024
A person who holds a certificate or license to practice as a CPA
				in another state or a substantially equivalent designation from a foreign
				jurisdiction may apply to the board for an Iowa CPA certificate and has to do so
				if the person plans to establish the person's principal place of business as a
				CPA in Iowa.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.2 - Application Forms

Current through Register Vol. 47, No. 3, July 24, 2024
Application forms may only be completed and submitted through the
				online application process. An applicant will attest that all information
				provided on the form is true and accurate. An application may be denied based on
				a false statement of material fact. A nonrefundable fee will be charged to each
				applicant as provided in 193A-Chapter 12.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.3 - Background and Character

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An applicant for
			 a CPA certificate under this chapter will disclose on the application all
			 background and character information requested by the board including, but not
			 limited to:
a. All states or foreign
			 jurisdictions in which the applicant has applied for or holds aCPA certificate or
			 license, or a substantially equivalent designation from a foreign
			 country;
b. Any past denial,
			 revocation, suspension, or refusal to renew a CPA certificate, license or permit
			 to practice, or voluntary surrender of a CPA certificate, license or permit to
			 resolve or avoid disciplinary action, or similar actions concerning a
			 substantially equivalent foreign designation;
c. Any other form of discipline imposed against
			 the holder of a CPA certificate, license or permit, or a substantially equivalent
			 foreign designation;
d. The
			 conviction of any felony or any crime described in Iowa Code section
			 542.5(2);
e. The revocation of a
			 professional license of any kind in this or any other jurisdiction; and
f. Such additional information as the board may
			 request to determine if grounds exist to deny certification under 193A-subrule
			 3.1(2).
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.4 - Verification of State Licensure

Current through Register Vol. 47, No. 3, July 24, 2024
An applicant holding a CPA certificate or license from another
				state or states will submit verification that the applicant's CPA certificate or
				license is valid and in good standing in the state in which the applicant's
				principal place of business is located. An applicant applying for a CPA
				certificate under the substantial equivalency provisions of Iowa Code section
				542.19(1)
"a"
and paragraph 9.5(1)
"a"
may attach
				a letter of good standing to the application. Such letter of good standing will
				be prepared by the state in which the applicant's principal place of business is
				located and be dated within six months of the date of the application. To
				expedite the application process, the board will accept verification from another
				state's board by facsimile or email. The board reserves the right to request an
				original verification document directly from another state
				board.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.5 - Qualifications for a Cpa Certificate

Current through Register Vol. 47, No. 3, July 24, 2024
(1) A person who
			 holds in good standing a valid CPA certificate or license from another state is
			 deemed qualified for an Iowa CPA certificate if the person satisfies one of the
			 following three conditions:
a.
Substantially equivalent state.
The licensing standards on
			 education, examination and experience of the state that issued the applicant's
			 CPA certificate or license were, at the time of licensure, comparable or superior
			 to the education, examination and experience obligations of Iowa Code chapter 542
			 in effect at the time the application is filed in Iowa. The board may accept the
			 determination of substantial equivalency made by the National Association of
			 State Boards of Accountancy or may make an independent determination of
			 substantial equivalency.
b.
Individual substantial equivalency.
The applicant's individual
			 qualifications on education, examination and experience are comparable or
			 superior to the education, examination and experience obligations of Iowa Code
			 chapter 542 in effect at the time the application is filed in Iowa.
c.
"Four-in-ten rule."
The
			 applicant satisfies all of the following:
(1)
			 The applicant passed the examination necessary for issuance of the applicant's
			 certificate or license with grades that would have been passing grades at the
			 time in this state.
(2) The applicant
			 has had at least four years of experience within the ten years immediately
			 preceding the application that occurred after the applicant passed the
			 examination upon which the CPA certificate or license was based and that in the
			 board's opinion is substantially equivalent to the obligations set forth in Iowa
			 Code section 542.5(12).
(3) If the
			 applicant's CPA certificate or license was issued more than four years prior to
			 the filing of the application in this state, the applicant has fulfilled the
			 continuing professional education mandates as described in Iowa Code section
			 542.6(3)  and 193A-Chapter 10.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.6 - Continuing Obligations

Current through Register Vol. 47, No. 3, July 24, 2024
A person issued a CPA certificate under this chapter is subject
				to all laws and rules governing persons holding CPA certificates issued in this
				state including, without limitation, those concerning continuing education, peer
				review, and notification of crimes and professional discipline. However, a person
				issued a CPA certificate under this chapter who maintains the principal place of
				business in a different state and who maintains in good standing a valid CPA
				certificate or license in that state is deemed to have satisfied the continuing
				education and peer review obligations described in 193A-Chapters 10 and 11 if the
				person satisfies similar obligations in the state in which the principal place of
				business is located.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 9 - Reciprocity and Substantial Equivalency › Rule 193A-9.7 - Expedited Application Processing

Current through Register Vol. 47, No. 3, July 24, 2024
A person applying for a CPA certificate under the substantial
				equivalency provisions of Iowa Code section 542.19(1)
"a"
often
				desires expedited application processing to facilitate cross-border practice.
				Applications by such persons are especially suitable for rapid processing given
				the substantially equivalent standards previously enforced in another state.
				Unless such application reveals grounds to deny the application under subrule
				9.3(2), the board is otherwise aware of such grounds, or the application is
				unaccompanied by the proper fee, the board's administrator will approve an
				application that qualifies under Iowa Code section 542.19(1)
"a"
as rapidly as feasible and deem the effective date of approval to practice in
				Iowa to be the date the board received the completed application with timely
				letter of good standing in a substantially equivalent state.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.1 - Scope

Current through Register Vol. 47, No. 3, July 24, 2024
The right to use the title "Certified Public Accountant" and
				"Licensed Public Accountant" is regulated in the public interest and imposes a
				duty on accounting professionals to maintain public confidence and current
				knowledge, skills, and abilities in all areas of services. CPAs and LPAs have to
				accept and fulfill their ethical responsibilities to the public and the
				profession regardless of their fields of employment.
(1) The development of professional competence
			 involves a continued commitment to learning and professional improvement. A CPA
			 and an LPA performing professional services need to have a broad range of
			 knowledge, skills and abilities. A program that promotes professional competence
			 in the practice of accountancy is defined as one that refers to the process,
			 methods, or principles of accounting or is directly related to the CPA's and
			 LPA's employment and is above the level of the CPA's and LPA's current
			 knowledge.
(2) Acceptable subjects
			 for continuing professional education include accounting, assurance/auditing,
			 consulting services, specialized knowledge and applications, management,
			 taxation, and ethics. Other subjects, including nontechnical professional skills,
			 may be approved by the board if they maintain or improve CPAs' and LPAs'
			 competence in their current employment.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.5 - Basic Continuing Professional Education

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Except as
			 provided in subrules 10.5(2) through 10.5(7), an applicant for renewal will have
			 completed 120 hours of qualifying continuing professional education during the
			 three-year period ending on the December 31 or June 30 preceding the July 1
			 renewal date of the certificate or license. The following conditions apply:
a. On each renewal, a CPA or LPA self-selects
			 December 31 or June 30 as the date by which continuing education will be
			 completed in order to be eligible to renew the certificate or license.
b. A CPA or LPA applying to renew a certificate
			 or license may declare a continuing education deadline of December 31 in one
			 renewal cycle and a continuing education deadline of June 30 in a subsequent
			 renewal cycle, and vice versa.
c.
			 Licensees need to maintain continuing education records in a manner that
			 corresponds with the self-selected continuing education deadline of December 31
			 or June 30.
d. When declaring a June
			 30 continuing education deadline, licensees should be cautious to ensure that the
			 continuing education is fully completed on or prior to the date the renewal
			 application is submitted to the board.
e. Licensees who renew with penalty during the
			 30-day grace period following June 30 need to declare either December 31 or June
			 30 as the continuing education deadline. The deadline cannot be extended beyond
			 June 30.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.6 - Measurement Standards

Current through Register Vol. 47, No. 3, July 24, 2024
The following standards will be used to measure the hours of
				credit to be given for qualifying continuing professional education programs
				completed by individual applicants:
(1)
			 Credit is measured with one 50-minute period equaling one contact hour of credit.
			 Half-hour credits may be allowed (equal to not less than 25 minutes) after the
			 first hour of credit has been earned.
(2) Only class hours or the equivalent, and not
			 student hours devoted to preparation, will be counted.
(3) Credit expressed as continuing education
			 units (CEUs) will be counted as ten contact hours for each continuing
			 professional education unit. (0.1 CEU = 1 CPE)
(4) Service as lecturer or discussion leader of
			 continuing professional education programs will be counted to the extent that
			 this service contributes to the applicant's professional competence.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.7 - Mandatory Education

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Every CPA
			 certificate holder or LPA license holder who is responsible for supervising
			 compilation services or who signs or authorizes someone to sign the accountant's
			 compilation report on behalf of a firm will complete, as a condition of
			 certificate or license renewal, a minimum of eight hours of continuing
			 professional education devoted to financial statement presentation, such as
			 courses covering the statements on standards for accounting and review services
			 (SSARS) and accounting and auditing updates. The financial statement presentation
			 continuing education has to be completed within the three-year period ending on
			 the December 31 or June 30 preceding the application for certificate or license
			 renewal. For credit to be claimed for a course covering multiple topics, a
			 minimum of one hour as outlined in subrule 10.6(1) has to be devoted to financial
			 statement presentation. For example, if a seminar or presentation is conducted
			 for a total of four hours and only one hour is devoted to financial statement
			 presentation, then only one hour may be claimed toward satisfaction of this
			 subrule.
(2) Every CPA certificate
			 holder or LPA license holder needs to complete a minimum of four hours of
			 continuing education devoted to ethics and rules of professional conduct during
			 the three-year period ending December 31 or June 30, prior to the July 1 annual
			 renewal date. For a course to qualify to satisfy this subrule, the course
			 description will clearly outline the subject matter covered as professional or
			 business ethics. If credit is to be claimed for a course covering multiple
			 topics, a minimum of one hour as outlined in rule 193A-10.6 (542), measurement
			 standards, specifically in subrule 10.6(1), needs to be devoted to business or
			 professional ethics. For example, if a seminar or presentation is conducted for a
			 total of four hours and only one hour is devoted to business or professional
			 ethics, then only one hour may be claimed toward satisfaction of this subrule.
			 Ethics courses, which are defined as courses dealing with regulatory and
			 behavioral ethics, are limited to courses on the following:
a. Professional standards;
b. Licenses and renewals;
c. SEC oversight;
d. Competence;
e. Acts discreditable;
f. Advertising and other forms of
			 solicitation;
g.
			 Independence;
h. Integrity and
			 objectivity;
i. Confidential client
			 information;
j. Contingent
			 fees;
k. Commissions;
l. Conflicts of interest;
m. Full disclosure;
n. Malpractice;
o. Record retention;
p. Professional conduct;
q. Ethical practice in business;
r. Personal ethics;
s. Ethical decision making; and
t. Corporate ethics and risk management as
			 these topics relate to malpractice and relate solely to the practice of certified
			 public accounting.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.8 - Programs That Qualify and Cpe Limitations

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The overriding
			 consideration in determining whether a specific program qualifies as acceptable
			 continuing education is that it be a formal program of learning that contributes
			 directly to the professional competence of an individual certified or licensed in
			 this state. It will be left to each individual certificate holder or license
			 holder to determine the technical or nontechnical professional skills courses of
			 study to be pursued. Thus, the auditor may study accounting and auditing, the tax
			 practitioner may study taxes, and the management advisory services practitioner
			 may study subjects related to such practice. Job-related continuing professional
			 education qualifies as acceptable provided the courses selected from nontechnical
			 professional skills contribute to the professional competence of the certificate
			 holder or license holder.
(2) Program
			 standards have to include the following:
a.
			 Learning activities based on clearly defined, relevant learning objectives and
			 outcomes that clearly articulate the knowledge, skills, and abilities that can be
			 achieved by participants.
b. Learning
			 activities developed in a manner consistent with the prerequisite education,
			 experience, and advanced preparation of the participants.
c. Activities, materials, and delivery systems
			 that are current, technically accurate, and effectively designed. Providers,
			 sponsors, or contractors that are competent in the subject matter. Competence may
			 be demonstrated through practical experience or education.
d. Learning programs that are reviewed by
			 qualified persons other than those who develop the program to ensure that the
			 program is technically accurate and current and addresses the stated learning
			 objectives. This standard is waived for single presentations such as lectures
			 that are given once.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.9 - Controls and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An applicant for
			 renewal may be requested to provide, in such manner, including but not limited to
			 the online renewal process, and at such time as set forth by the board,
			 verification and documentation setting forth the continuing professional
			 education in which the licensee has participated. The board may allow for
			 attestation that the licensee has completed continuing education in lieu of
			 providing a listing. If the applicant for renewal is requested to provide a
			 listing of the continuing professional education completed, the documentation
			 will include:
a. School, firm or organization
			 conducting the course and contact information.
b. Location of course.
c. Title of course or description of
			 content.
d. Principal
			 instructor.
e. Dates
			 attended.
f. Hours claimed.
g. Certificate of completion.
h. Name of participant.
i. Course field of study.
j. Type of instruction or delivery
			 method.
k. Amount of CPE
			 recommended.
l. Verification by CPE
			 program sponsor representative.
Canceled checks and registration forms are not proof of
				attendance.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.10 - Grounds for Discipline

Current through Register Vol. 47, No. 3, July 24, 2024
A licensee or an applicant is subject to discipline, including
				permanent revocation, if the licensee or applicant provides false information to
				the board in connection with an application to renew or reinstate a certificate
				or license. A licensee or an applicant is also subject to discipline if the
				licensee or applicant is unable to document the continuing professional education
				hours reported to the board in connection with an audit or other request for
				documentation. False information of this nature will subject the licensee or
				applicant to discipline whether the false information was supplied intentionally
				or with reckless disregard for the truth or accuracy of the number of hours
				claimed. Licensees and applicants are accordingly cautioned to supply the board
				with accurate continuing professional education information.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 10 - Continuing Education › Rule 193A-10.11 - Alternative Continuing Education Cycles Authorized

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Purpose.
For a variety of reasons, some CPAs and LPAs may wish
			 to complete their continuing education on a three-year cycle ending on a date
			 other than December 31. By way of illustration, some licensees may prefer to take
			 courses on particular substantive topics that are not always offered at the same
			 time each year. Some licensees may wish to schedule continuing education to
			 comply with the differing obligations of multiple jurisdictions. This rule is
			 intended to authorize a more flexible time frame within which continuing
			 education may be satisfied. This rule does not alter any other requirement of
			 this chapter.
(2)
Declaration
			 may vary by renewal cycle.
A CPA or LPA applying to renew a certificate
			 or license may declare a continuing education deadline of December 31 in one
			 renewal cycle and a continuing education deadline of June 30 in a subsequent
			 renewal cycle, and vice versa. Licensees are expected to maintain continuing
			 education records in a manner that complies with the self-selected declaration in
			 any particular renewal cycle.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.1 - Peer Review Obligations

Current through Register Vol. 47, No. 3, July 24, 2024
As a condition of renewal for a CPA or an LPA who issues
				compilation reports other than through a CPA or an LPA firm that holds a permit
				to practice, and as a condition of permit renewal for LPA firms that issue
				compilation reports or CPA firms that provide attest services or issue
				compilation reports, the applicant shall submit certification of completion of a
				peer review issued pursuant to this chapter. Such review needs to be completed at
				the highest level of service provided by the firm or licensee. The performance of
				preparation services under SSARS 21 does not alone subject a firm or individual
				to peer review, although if a firm or individual is otherwise subject to peer
				review, the reviewer may include preparation services in the scope of practices
				reviewed.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.2 - Three-year Cycle

Current through Register Vol. 47, No. 3, July 24, 2024
During the three-year period ending December 31 preceding the
				application for renewal of a certificate, license, or permit to practice, the
				individual licensee or firm shall have completed a peer review in accordance with
				this chapter. A peer review shall be completed no less often than once every
				three years.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.3 - System of Internal Quality Control

Current through Register Vol. 47, No. 3, July 24, 2024
If the firm has not performed any attest or compilation services
				prior to the application for renewal, the firm will have in place a system of
				internal quality control prior to the commencement of an engagement including
				attest or compilation services and come into compliance with the peer review
				obligations within 18 months of completion of an engagement including attest or
				compilation services.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.4 - Peer Review Programs That Qualify

Current through Register Vol. 47, No. 3, July 24, 2024
A firm's completion of a peer review program endorsed or
				supported by the AICPA, the National Society of Accountants or other
				substantially similar review programs in Iowa or other states approved by the
				board satisfies this chapter.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.5 - Waiver of Peer Review

Current through Register Vol. 47, No. 3, July 24, 2024
At the time of renewal, a licensee or firm may request a waiver
				from this chapter, as provided in Iowa Code sections 542.7(9)  and
				542.8(18).
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 11 - Peer Review › Rule 193A-11.6 - Submission of Peer Review Reports

Current through Register Vol. 47, No. 3, July 24, 2024
Unless the subject of a peer review timely objects in writing to
				the administering entity of the peer review program, the administering entity
				will make available to the board, within 30 days of the issuance of the peer
				review acceptance letter, the final peer review report or such peer review
				records as are designated by the peer review program in which the administering
				entity participates. The subject of a peer review may voluntarily submit the
				final peer review report directly to the board.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 12 - Fees › Rule 193A-12.1 - Fees

Current through Register Vol. 47, No. 3, July 24, 2024
The following is a schedule of the fees for examinations,
				certificates, licenses, permits and renewals adopted by the board:
Initial CPA examination application:
Paid directly to CPA examination services
not to exceed $1,500
Reexamination:
Paid directly to CPA examination services
not to exceed $1,500
Original issuance of CPA certificate or LPA license by
						  examination (fee includes wall certificate)
$100
Original issuance of CPA certificate by reciprocity or
						  substantial equivalency
$100
CPA wall certificate or LPA license issued by reciprocity
						  or substantial equivalency
$50
Replacement of lost or destroyed wall CPA certificate or
						  LPA license
$50
Original issuance of attest qualification
$100
Annual renewal of CPA certificate or LPA license-active
						  status
$100
Late renewal of CPA certificate or LPA license within
						  30-day grace period (July 1 to July 30)-active status
$25
Annual renewal of CPA certificate or LPA license-inactive
						  status
$50
Late renewal of CPA certificate or LPA license within
						  30-day grace period (July 1 to July 30)-inactive status
$10
Original issuance of firm permit to practice
$100
Annual renewal of firm permit to practice
$100
Reinstatement of lapsed CPA certificate or LPA
						  license
$100 + renewal fee + $25 per month of expired
						  registration
Reinstatement of lapsed firm permit to practice
$100 + renewal fee + $25 per month of expired
						  registration
Interstate Transfer Form
$25
License predetermination fee
$25
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 12 - Fees › Rule 193A-12.2 - Reinstatement

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Reinstatement of a lapsed CPA
			 certificate or LPA license.
The fee for the reinstatement of a lapsed
			 CPA certificate or LPA license is $100 plus the renewal fee plus $25 per month of
			 expired registration up to a maximum of $1,000.
(2)
Reinstatement of lapsed firm permit
			 to practice.
The fee for the reinstatement of a lapsed CPA or LPA firm
			 permit to practice for applications is $100 plus the renewal fee plus $25 per
			 month of expired registration up to a maximum of $1,000.
(3)
Applicants for
			 reinstatement.
All applicants for reinstatement will be assessed the
			 $100 reinstatement fee. The $25 per month penalty fee described in subrules
			 12.2(1) and 12.2(2) will not be assessed if the applicant for reinstatement did
			 not, during the period of lapse, engage in any acts or practices for which an
			 active CPA certificate, LPA license, or firm permit to practice as a CPA or LPA
			 firm is necessary in Iowa. Falsely claiming an exemption from the monthly penalty
			 fee is a ground for discipline; in addition, other grounds for discipline may
			 arise from practicing on a lapsed certificate, license or permit to
			 practice.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 12 - Fees › Rule 193A-12.3 - Prorating of Certain Fees

Current through Register Vol. 47, No. 3, July 24, 2024
Fees for the issuance of an original CPA certificate or LPA
				license, pursuant to rule 193A-5.3 (542), or the issuance of an initial permit to
				practice to a CPA or LPA firm, pursuant to rule 193A-7.1 (542), will not be
				prorated.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 13 - Rules of Professional Ethics and Conduct › Rule 193A-13.2 - Rules Applicable to All Cpas and Lpas

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Cooperation with board inquiry.
A CPA or an LPA will, when
			 requested, respond to communications from the board within 30 days.
(2)
Reporting convictions, judgments,
			 and disciplinary actions.
In addition to any other reporting obligations
			 in Iowa Code chapter 542 or these rules, a CPA or an LPA needs to notify the
			 board within 30 days of:
a. Imposition upon the
			 CPA or LPA of discipline including, but not limited to, censure, reprimand,
			 sanction, probation, civil penalty, fine, consent decree or order, or suspension,
			 revocation or modification of a license, certificate, permit or practice rights
			 by:
(1) The SEC, PCAOB, or IRS (by the Director
			 of Practice); or
(2) Another state
			 board of accountancy for cause other than failure to pay a professional fee by
			 the due date or failure to complete continuing education obligations by another
			 state board of accountancy; or
(3)
			 Any other federal or state agency regarding the CPA's or LPA's conduct while
			 rendering professional services; or
(4) Any foreign authority or credentialing body
			 that regulates the practice of accountancy;
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 13 - Rules of Professional Ethics and Conduct › Rule 193A-13.3 - Rules Applicable to Cpas and Lpas Who Use the Titles in Offering or Rendering Products or Services to Clients

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Use of
			 title.
a.
Certified public
			 accountant.
Only a person who holds an active, unexpired certificate and
			 who complies with 193A-Chapter 5, Licensure Status and Renewal of Certificates
			 and Licenses, and 193A-Chapter 10, Continuing Education, or a person lawfully
			 exercising a practice privilege under Iowa Code section 542.20 may use or assume
			 the title "certified public accountant" or the abbreviation "CPA" or any other
			 title, designation, word(s), letter(s), abbreviation(s), sign, card, or device
			 indicating that such person is a certified public accountant.
b.
Licensed public accountant.
Only a person holding a license as a licensed public accountant may use or assume
			 the title "licensed public accountant" or the abbreviation "LPA" or any other
			 title, designation, word(s), letter(s), abbreviation(s), sign, card, or device
			 indicating that such person is a licensed public accountant.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 13 - Rules of Professional Ethics and Conduct › Rule 193A-13.4 - Audit, Review and Other Attest Services

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Practice privilege.
All audit, review, and other attest services
			 performed in Iowa or for a client with a home office in Iowa has to be performed
			 through a CPA firm that holds an active Iowa firm permit to practice or through
			 an out-of-state CPA firm exercising a practice privilege in compliance with Iowa
			 Code section 542.20(5)  and 542.20(6)  and associated rules and the peer review and
			 ownership provisions of Iowa Code section 542.7. Unless Iowa certification is
			 specifically mandated by a governmental body or client, the individual CPAs
			 performing such attest services may either hold an active Iowa CPA certificate or
			 exercise a practice privilege as more fully described in Iowa Code section
			 542.20. LPAs and LPA firms are not authorized to perform attest
			 services.
(2) Reserved.
Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 13 - Rules of Professional Ethics and Conduct › Rule 193A-13.5 - Compilation

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Who can perform.
Only a
			 CPA licensed under Iowa Code section 542.6 or 542.19, or any other applicable law
			 or rule; an LPA licensed under Iowa Code section 542.8, or any other applicable
			 law or rule; or a CPA exercising a practice privilege under Iowa Code section
			 542.20 may issue a report in standard form upon a compilation of financial
			 information or otherwise provide compilation services in Iowa orfora client with
			 a home office in Iowa. (More information can be found in rule
			 193A-6.4 (542).)
(2)
Peer
			 review.
All individuals described in 193A-subrule 6.4(1) will satisfy
			 peer review obligations, individually or through a peer review of a CPA or an LPA
			 firm holding a permit to practice pursuant to Iowa Code section 542.7 or 542.8 or
			 a CPA firm exercising a practice privilege under Iowa Code section
			 542.20.