reglab/statecodes huggingface dataset:
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 2 - Licenses and Practice Privileges › Rule 30-1-2.1 - Requirements

Current through June 25, 2024
Rule 2.1.2. When a candidate has passed the CPA examination
				  in accordance with Rule
				  2.2., satisfied the education
				  requirement of 150 collegiate semester hours, satisfied the experience
				  requirements in accordance with Rule 2.1.3., and CPE in accordance with Rule
				  4.1. of these
Rules and
				  Regulations
, he must make application for licensure with the State
				  Board within three years from the date of successful completion of the CPA
				  examination. If the candidate does not make application for licensure within
				  the three year period, all previous CPA examination credits earned will expire,
				  and all parts of the CPA examination must be retaken under the requirements of
				  Rule
				  2.2. CPA examination. Applications for
				  licensure shall be made on forms provided by the Board and accompanied by fees
				  as prescribed by the Board. All certificates of licensure shall be valid only
				  when signed by at least three members of the Board and when the Board's seal is
				  affixed thereto. The issuance of the certificate of licensure does not
				  automatically qualify one to practice public accounting in the State of
				  Mississippi as defined in the act unless such license holder is associated with
				  a CPA firm that has been issued a firm permit by the State Board.
Rule 2.1.3. The Board shall issue a license to applicants
				  who have complied with all of the Board's requirements, including experience,
				  continuing professional education (CPE), and professional ethics.
(a) Residency shall be determined by the
				Board based on all of the facts and circumstances of each individual case.
				Factors normally considered by the Board in determining residency are as
				follows:
(1) Place of registration as a
				voter
(2)Vehicle registration and
				tags
(3)Filing of Mississippi State
				Resident Income Tax Returns
(4)Qualifying for Homestead Exemption in
				Mississippi and payment of real estate taxes to this state
(5)Graduation from a Mississippi university
				or college and successful completion of the CPA examination in
				Mississippi.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 2 - Licenses and Practice Privileges › Rule 30-1-2.2 - CPA Examination

Current through June 25, 2024
Rule 2.2.1. Examinee Qualifications: The CPA examination as
				  required by the Public Accountancy Act is to determine minimum competency of an
				  individual for licensure purposes. The CPA examination shall test the knowledge
				  and skills required for performance as an entry-level certified public
				  accountant. The examination shall include the subject areas of accounting and
				  auditing and related knowledge and skills as the Board may require. In
				  accordance with Rule
				  2.1.
				  of these
Rules and Regulations
, an applicant for a CPA license
				  must pass the CPA examination in addition to other licensure requirements.
				  Candidates for the CPA examination must satisfy the following requirements to
				  qualify to sit for the CPA examination as a Mississippi candidate:
(a) Educational Requirement: Candidates who
				first sit for the CPA examination on or after July 1, 2016, must have completed
				at least 120 semester hours of college education including a baccalaureate or
				higher degree conferred by an accredited four-year college or university or the
				equivalent acceptable to the Board, with an accounting concentration determined
				by Board rule to be appropriate.
(1)
				Accreditation acceptable to the Board shall be by one of the following
				accrediting agencies or its successor:
a. For
				the accounting program or business school, accreditation by the Association to
				Advance Collegiate Schools of Business - International (AACSB), or
b. For colleges or universities without AACSB
				accreditation, accreditation by one of the following regional accrediting
				agencies or its successor:
i. Middle States
				Association of Colleges and Schools; Middle States Commission on Higher
				Education
ii. The Commission on
				Institutions of Higher Education of The New England Association of Schools and
				Colleges
iii.  North Central
				Association of Colleges Schools - The Higher Learning Commission
iv. Northwest Commission on Colleges and
				Universities
v. Southern
				Association of Colleges and Schools Commission on Colleges
vi. Western Association of Schools and
				Colleges Accrediting Commission for Senior Colleges and Universities
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 2 - Licenses and Practice Privileges › Rule 30-1-2.3 - Registration

Current through June 25, 2024
Rule 2.3.1. Each CPA license holder shall be required to
				  register and to pay an annual registration fee on or before the first day of
				  January each year. Application for such registration shall be made online at
				  the Board's website. The registration fee shall be determined under the Board's
				  Schedule of Fees in effect as of the date of the registration. Additional fees
				  may be charged for manual registration.
Rule 2.3.2. Each registrant shall be required to provide
				  information as to current employment, current address, compliance with
				  continuing professional education requirements and other information requested
				  by the Board necessary for the administration of these regulations or the
				  accountancy statutes, including sworn statements or attestations verifying the
				  accuracy of the registration application.
Rule 2.3.3. In accordance with Rule
				  4.1. of these
Rules and
				  Regulations
, a licensee will not be permitted to register a license if
				  not in compliance with the CPE requirements.
Rule 2.3.4. Failure to register and pay annual fees by
				  January 1 of each year will result in automatic cancellation of the license.
				  License holders in default will be mailed a ten day notice of such default by
				  certified mail (to their last known address of record) prior to the
				  cancellation of the certificate. A person who has lost his or her license for
				  failure to register and/or pay registration fees may apply to the Board for
				  reinstatement of the license in accordance with Rule
				  2.4. of these
Rules and
				  Regulations.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 2 - Licenses and Practice Privileges › Rule 30-1-2.5 - Retirement Status or Permanent Disability

Current through June 25, 2024
Rule 2.5.1. Retired Status: An individual who holds a current
				  license issued by the board who is 55 years old or older and has filed a
				  request for retired status on a form prescribed by the board which indicates
				  the licensee does not perform or offer to perform for the public one or more
				  kinds of services involving the use of accounting or auditing skills, including
				  the issuance of reports on financial statements or other compilation
				  communication, or of one or more kinds of management advisory, financial
				  advisory or consulting services, or the preparation of tax returns or the
				  furnishing of advice on tax matters.
Rule 2.5.2 Permanent Disability Status: Permanent disability
				  status may be granted by the Board to a licensee with a statement from the
				  licensee's physician which states that the licensee is unable to perform
				  activities regulated by this Board and clearly details the disability. Such
				  status may only be granted at the time of annual license renewal.
Rule 2.5.3 A licensee who has been granted retired status or
				  permanent disability status and who becomes engaged in activities described in
				  Rule 2.5.1 must:
(a) pay the current
				license and reinstatement fees established by the board;
(b) complete the form prescribed by the Board
				for renewal of a license;
(c) meet
				the continuing professional education requirements; and
(d) surrender the retired or permanent
				disability status.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 2 - Licenses and Practice Privileges › Rule 30-1-2.7 - Replacement Certificate of Licensure

Current through June 25, 2024
Rule 2.7.1. A replacement certificate of licensure may be
				  issued at the holder"s request upon payment of fee and compliance with the
				  following requirements:
(a) In the
				event of a certificate of licensure which has been lost, the request for
				replacement must be accompanied by a sworn statement that the certificate is
				lost and the CPA must agree in writing to the Board that he or she will return
				the lost certificate to the Board in the event it is later found.
(b) In the event of a certificate of
				licensure which has been mutilated, the mutilated certificate must be returned
				to the Board, and if it is mutilated beyond the point of being able to be
				identified, the request must also be accompanied by a sworn statement that the
				returned document is, in fact, the certificate.
(c) If the request for replacement is to have
				a change in the name in which the certificate of licensure is issued, the
				original certificate must be returned to the Board and the request must be
				accompanied by appropriate documentation of the name change.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 3 - CPA Firm Permits › Rule 30-1-3.1 - General Requirements

Current through June 25, 2024
Rule 3.1.1. The practice of public accounting as defined per
				  Mississippi Code of 1972, Section
				  73-33-2,
				  and the Definitions section of these
Rules and Regulations
must be performed through a CPA firm meeting ownership and other requirements
				  specified herein, including compliance with peer review as outlined in Chapter
				  5, and duly registered with the Board with a firm permit to practice public
				  accounting. This rule also applies to offices located outside of Mississippi
				  where such offices perform services described in Section
				  73-33-17(4)
				  for Mississippi clients. Each office of a firm with no Mississippi office that
				  performs services described in Section
				  73-33-17(4)
				  must be registered with the Board with a firm permit.
Rule 3.1.3. CPA firm ownership.
(a) A domestic CPA firm may be organized as
				any entity or any business form allowed by Mississippi law and must comply with
				the requirements thereof.
(b) A
				foreign CPA firm may be legally organized under a law other than the law of
				this state. The foreign firm must comply with the requirements as stated
				herein.
Rule 3.1.3. CPA firm ownership.
(a) A certified public accountant firm
				located inside of the State of Mississippi shall be required to show that:
(1) it is wholly owned by natural persons and
				not owned in whole or in part by business entities;
(2) a simple majority of the ownership of the
				firm in terms of financial interests and/or voting rights hold Mississippi
				certified public accountant licenses; and
(3) the certified public accountant members
				of the firm are registered and in good standing with the Board, unless said CPA
				members qualify for practice privileges pursuant to Section
				73-33-17(4)
				of the Mississippi Code of 1972, as amended.
In addition, each resident manager of each CPA firm office
				  in Mississippi must reside in Mississippi and hold a current license to
				  practice public accountancy in Mississippi. Exempted from the requirement of
				  Mississippi residency is a resident manager who spends a majority of his or her
				  work year on-site in the Mississippi offices for which the licensee is the firm
				  resident manager. The exemption is intended to address licensees residing
				  outside of Mississippi but are able to commute to the Mississippi offices for
				  which the licensee is the firm resident manager on a routine and regular basis.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 4 - Continuing Professional Education (CPE) › Rule 30-1-4.2 - Records and Reporting

Current through June 25, 2024
Rule 4.2.1. Maintenance of Records and Control: Each
				  licensee is individually responsible and must maintain records of all CPE in
				  which he has participated showing:
(a)
				Sponsoring organization,
(b)
				Location of course,
(c) Title,
				description of content, and outline (or equivalent),
(d) Instructor(s) with
				qualifications,
(e) Date(s)
				attended,
(f) Contact hours (actual
				time) by category, and
(g) Number
				of credit hours claimed.
Credit will be allowed in the renewal period in which the
				  course is completed.
Rule 4.2.2. Each licensee shall retain CPE records for a
				  minimum of five (5) years after the end of the applicable one year and the
				  triennial compliance period(s).
Rule 4.2.3. The Board, at its discretion, may verify the CPE
				  information submitted by licensees through examination of such records and may
				  require other information it deems necessary to determine the compliance with
				  the CPE requirements, acceptability of a program for the purpose of the
				  continuing professional education requirements or for administration of these
				  rules.
Rule 4.2.4. A licensee must report CPE credit hours on the
				  Board prescribed reporting form and by the required due date of August 1 even
				  if the number reported is zero. A blank reporting form will be interpreted as
				  zero CPE credit hours.
Rule 4.2.5. A licensee who fails to complete and return the
				  CPE reporting form and fails to report the minimum required CPE credit hours
				  for the applicable reporting period will be subject to disciplinary action
				  under Rule
				  4.5. (relating to
Disciplinary
				  Actions Relating to CPE).
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 4 - Continuing Professional Education (CPE) › Rule 30-1-4.4 - Program Sponsors and Presentation Standards

Current through June 25, 2024
Rule 4.4.1. CPE programs whether live or internet based
				  programs must be conducted by persons whose background, training, education and
				  experience qualify them as capable instructors, discussion leaders or lecturers
				  on the subject matter of the particular programs. Instructors should be
				  qualified both with respect to program content and teaching methods used. The
				  instructor is a key ingredient in the learning process in any group program;
				  therefore it is imperative that sponsors exercise great care in selecting
				  qualified instructors for all group programs. Sponsors should evaluate the
				  performance of instructors at the conclusion as described herein.
Rule 4.4.2
(a)
				Program sponsors must base learning activities on relevant learning objectives
				and outcomes that clearly articulate the knowledge, skills and abilities that
				can be achieved by participants in the learning activities.
(b) Programs sponsors should develop and
				execute learning activities in a manner consistent with the prerequisite
				education, experience, and/or advance preparation of participants.
(c) Program sponsors must use activities,
				materials and delivery systems that are current, technically accurate, and
				efficiently designed.
(d) Program
				sponsors must assure instructional methods employed are appropriate for the
				learning activities. Learning activities should be presented in manner
				consistent with the descriptive and technical materials provided.
(e) Programs sponsors must assure learning
				activities are reviewed by qualified persons other than those who developed
				them to make certain that the program is technically accurate and current and
				addresses the stated learning objectives. These reviews must occur before the
				first presentation of these materials and again after each significant revision
				of the CPE programs.
(f) Program
				sponsors must inform participants in advance of objectives, prerequisites,
				experience level, content, advance preparation, teaching methods, and
				recommended continuing professional education credit hours, as described in
Rule
4.4.6. This should be accomplished through
				brochures or other announcements.
(g) Program sponsors must provide
				participants with documentation of participation, which includes:
(1)CPE program sponsor name and contact
				information.
(2)Participant's
				name.
(3)Course title.
(4)Course field of study.
(5)Date offered or completed.
(6)Location (if applicable).
(7)Type of instructional delivery method
				used.
(8)Amount of CPE credit
				recommended.
(9)Verification of
				program sponsor representative.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 4 - Continuing Professional Education (CPE) › Rule 30-1-4.5 - Disciplinary Actions Relating to CPE

Current through June 25, 2024
Rule 4.5.1. A licensee who fails to comply with the
				  provisions of Rule
				  4.2. of this title (relating to CPE
				  records and reporting) or Rule
				  4.1. of this title (relating to CPE
				  attendance) may be subject to disciplinary action under the Mississippi Code of
				  1972, Section
				  73-33-11,
				  for violation of the
Rules of Professional Conduct.
Rule 4.5.2. A licensee shall retain documents or other
				  evidence supporting CPE credit hours claimed for the five most recent full
				  reporting periods to the date the credit hours are reported to the Board, and
				  shall submit the supporting evidence to the Board if such data is
				  requested.
Rule 4.5.3. The Board may, as deemed appropriate, audit, CPE
				  data supplied by a licensee and request that all evidence supporting CPE credit
				  hours claimed be provided to the Board within a reasonable period of time as
				  prescribed by the Board.
Rule 4.5.4. Evidence of falsification, fraud, or deceit in
				  the CPE information or documentation supplied will necessitate disciplinary
				  action as authorized in the Mississippi Code of 1972, Section
				  73-33-11
.
Rule 4.5.5. Denial of a License. The Board shall not issue
				  or renew a license to an individual who has not completed the required CPE
				  credit hours unless an exemption has been granted by the
				  Board.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 5 - Compliance Assurance Program › Rule 30-1-5.1 - Purpose

Current through June 25, 2024
The purpose of the Board's compliance assurance program (CAP)
				  is to monitor compliance with applicable accounting and auditing standards
				  adopted by generally recognized standard-setting bodies, thus improving the
				  quality of financial reporting assuring that the public can rely on the
				  fairness of presentation of financial information by CPA firms. Such
				  presentations would include those on which a practice unit issued or should
				  have issued reports in accordance with professional standards, including
				  audits, reviews, compilations, agreed upon procedures, forecasts, projections,
				  other special reports or any accounting and auditing services defined for peer
				  review purposes but would not include preparation of financial statements by a
				  CPA firm on which no report is required, such as engagements defined in the
				  AICPA Statement on Standards for Accounting and Review Services (SSARS) Number
				  21, Section 70. In the event a CPA firm does not comply with established
				  professional standards, or a firm's professional work is so inadequate as to
				  warrant disciplinary action, the Board shall take appropriate action to protect
				  the public interest. This chapter shall not require any firm to become a member
				  of any sponsoring organization.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 5 - Compliance Assurance Program › Rule 30-1-5.3 - Compliance Assurance

Current through June 25, 2024
Rule 5.3.1. A practice unit which has not performed any
				  engagement as defined in paragraph 1 of this rule during the 12 months prior to
				  registration per Chapter 3 shall be exempt from the mandatory peer review, but
				  not from registering with the Board.
Rule 5.3.2. Unless exempt under Rule 5.3.1. or
				  5.5. each ongoing practice unit shall
				  complete a peer review once every three years in order to register with the
				  Board or earlier as may be required by the sponsoring organization. It is the
				  responsibility of the firm to anticipate its needs for peer review services in
				  sufficient time to enable the reviewer to complete the peer review by the
				  assigned review due date.
Rule 5.3.3. Unless exempt under Rule 5.3.1., each new
				  practice unit shall enroll in the program of an approved sponsoring
				  organization in accordance with paragraph 5.6. of this rule within one year
				  from its initial permitting date or the performance of accounting and/or
				  auditing services that require a review. The practice unit shall adopt the
				  review date assigned by the sponsoring organization and must notify the board
				  of the date within 30 days of its assignment.
Rule 5.3.4. The Board may accept an extension, not to exceed
				  180 days, as granted by the sponsoring organization to conduct a review,
				  provided the board is notified by the practice unit within 20 days of the date
				  of such an extension.
Rule 5.3.5. A practice unit choosing to change to another
				  sponsoring organization may do so provided that the practice unit authorizes
				  the previous sponsoring organization to communicate to the succeeding
				  sponsoring organization any outstanding corrective actions related to the
				  practice unit's most recent review. Any outstanding actions must be cleared
				  prior to transfer between sponsoring organizations.
Rule 5.3.6 A firm that has been rejected by a sponsoring
				  organization for whatever reason shall notify the Board within 30 days of: (1)
				  Name of sponsoring organization rejecting the enrollment; (2) Reasons for the
				  rejection; (3) Name of subsequently selected sponsoring
				  organization.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 5 - Compliance Assurance Program › Rule 30-1-5.4 - Reporting to the Board

Current through June 25, 2024
Rule 5.4.1. Every practice after completion of a peer review
				  shall file with the Board within thirty (30) days of receipt from the
				  sponsoring organization: (1) A copy of the peer review report and the final
				  letter of acceptance from the sponsoring organization, if such report is pass;
				  or (2) A copy of the report, letter of response, the signed agreement to the
				  conditional letter of acceptance, and final letter of acceptance when
				  corrective actions are complete if the report is pass with deficiencies or
				  fail.
Rule5.4.2. Any report or document required to be submitted
				  under this rule shall be made available to the Board by a secure website or
				  other secure means unless the sponsoring organization does not have access to a
				  secure website or other secure means. In such case the report may be directly
				  submitted by the firm.
Rule 5.4.3. A practice unit claiming an exemption shall
				  notify the board as to this status in writing with an explanation of the
				  services offered by the practice unit with registration as set forth in Rule
				  3.1.
Rule 5.4.4. Any document submitted to the Board under this
				  rule is confidential pursuant to the Act.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 5 - Compliance Assurance Program › Rule 30-1-5.5 - Effect of Consecutive Deficient Reports

Current through June 25, 2024
Rule 5.5.1. A firm, including a succeeding firm which
				  receives two (2) consecutive pass with deficiencies reports and/or one (1) fail
				  report, may be required by the Board or its designee to have an accelerated
				  peer review within eighteen (18) months from the year end of the firm's last
				  peer review. Such firm may also be subject to investigation and discipline by
				  the Board or representatives of the Board.
Rule 5.5.2. If the accelerated review required by Rule 5.5.1
				  results in a deficient report:
(1) The
				firm may complete any service requiring a peer review for which field work has
				already begun only if:
(a) Prior to issuance
				of any report, the engagement is reviewed and approved by a third party
				reviewer acceptable to the Board or its designee; and
(b) The engagement is completed within ninety
				(90) days of the acceptance of the peer review report, and letter of response
				(when applicable) by the sponsoring organization;
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 5 - Compliance Assurance Program › Rule 30-1-5.8 - Investigation

Current through June 25, 2024
Nothing in this rule should be construed to prohibit the
				  Board from initiating an investigation involving compliant(s) of alleged
				  violations of statute or
Rules and Regulations
against a
				  practice unit or CPA.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.2 - Independence

Current through June 25, 2024
Rule 6.2.1. A CPA or firm of which he is partner, member, or
				  shareholder shall not express an opinion or issue a review report on financial
				  statements of a client unless he is and, if applicable, his firm are
				  independent in fact and appearance with respect to such client. Examples of
				  such impairment of independence include but are not limited to:
(a) During the period of the professional
				engagement or at the time of expressing an opinion or issuing a review report,
				he or the CPA firm:
(1)had or was committed
				to acquire any direct or material indirect financial interest in the client;
				or
(2)had any joint closely held
				business investment with the client or any officer, director, partner, or
				principal stockholder thereof which was material in relation to the CPA or firm
				permit holder's net worth;
(3)had
				any loan to or from the client or any officer, director partner, or principal
				stockholder thereof. This latter proscription does not apply to the following
				loans from a financial institution when made under normal lending procedures,
				terms and requirements:
a. loans obtained by
				a CPA or the firm which are not material in relation to the net worth of such
				borrower;
b. home
				mortgages;
c. other secured loans,
				except loans guaranteed by a CPA's firm which are otherwise
				unsecured;
(4) was a
				trustee of any trust or executor or administrator of any estate that had or was
				committed to acquire any direct or material indirect financial interest in the
				client;
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.3 - Integrity

Current through June 25, 2024
Rule 6.3.1. The reliance of the public and the business
				  community on sound financial reporting and advice on business affairs imposes
				  on the accounting profession an obligation to maintain high standards of
				  technical competence, morality, and integrity. To this end, a CPA and firm
				  shall at all times maintain independence of thought and action, hold the
				  affairs of clients in strict confidence, strive continuously to improve
				  professional skills, observe generally accepted accounting principles and
				  standards, promote sound and informative financial reporting, uphold the
				  dignity and honor of the accounting profession, and maintain high standards of
				  personal conduct.
Rule 6.3.2. A CPA shall not knowingly misrepresent facts,
				  and/or subordinate his judgment to non-CPAs. In tax practice, a CPA may resolve
				  doubt in favor of the CPA's client as long as there is reasonable support for
				  the CPA's position.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.4 - Objectivity

Current through June 25, 2024
Rule 6.4.1. When offering or rendering accounting or related
				  financial, tax, management or investment or advice, a CPA or firm permit holder
				  shall be objective and shall not place its own financial interests nor the
				  financial interests of a third party ahead of the legitimate financial
				  interests of a client or the public in any context in which a client or the
				  public can reasonably expect objectivity from one using the CPA title.
Rule 6.4.2. If a CPA or firm permit holder uses the CPA
				  title in any way to obtain or maintain a client relationship, the Board will
				  presume the reasonable expectation of objectivity.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.7 - Contingent Fees

Current through June 25, 2024
Rule 6.7.1 A CPA or firm permit holder in public practice
				  shall not:
(a) perform for a contingent
				fee any professional services for, or receive such a fee from a client for whom
				the CPA or firm permit holder performs,
(i)
				an audit or review of a financial statement; or
(ii) a compilation of a financial statement
				when the CPA or firm permit holder expects, or reasonably might expect, that a
				third party will use the financial statement and the CPA's or firm permit
				holder's compilation report does not disclose a lack of independence; or
(iii) an examination of
				prospective financial information; or
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.8 - Competence

Current through June 25, 2024
A CPA or firm permit holder shall not undertake any
				  engagement which he or the firm cannot reasonably expect to complete with
				  professional competence and due professional care, including compliance, where
				  applicable withs Rules
				  6.9.,
				  6.10., and
				  6.11. of these
Rules and
				  Regulations
relating to auditing standards, accounting principles, and
				  other professional standards.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.9 - Auditing Standard

Current through June 25, 2024
Rule 6.9.1. A CPA or firm permit holder shall not permit his
				  name to be associated with financial statements in such a manner as to imply
				  that he is acting as an independent public accountant unless he has complied
				  with the applicable generally accepted auditing standards.
Rule 6.9.2. Statements on auditing standards issued by the
				  American Institute of Certified Public Accountants and in other pronouncements
				  having similar generally recognized or legal authority, are considered to be
				  interpretations of generally accepted auditing standards, and departures from
				  such pronouncements, where applicable, must be justified by those who do not
				  follow them.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.10 - Accounting Principle

Current through June 25, 2024
Rule 6.10.1. A CPA or firm permit holder shall not express
				  an opinion that financial statements are presented in conformity with generally
				  accepted accounting principles if such statements contain any departure from an
				  accounting principle which has a material effect on the statements taken as a
				  whole, unless the CPA or firm permit holder can demonstrate that due to unusual
				  circumstances the financial statements would otherwise have been misleading. In
				  such cases the report must describe the departure, the approximate effects
				  thereof, if practicable, and the reasons why compliance with the principle
				  would result in a misleading statement.
Rule 6.10.2. Generally accepted accounting principles are
				  represented by the Statements of Financial Accounting Standards issued by the
				  Financial Accounting Standards Board, the Governmental Accounting Standards
				  Board, and any predecessor entities, and similar pronouncements issued by other
				  entities having similar generally recognized authority, such as the Accounting
				  Research Bulletins and Accounting Principles Board Opinions which are not
				  superceded by action of the FASB, including subsequent
				  amendments.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.11 - Other Professional Standard

Current through June 25, 2024
A CPA or firm permit holder shall conform to all
				  professional standards applicable to the services being performed including but
				  not limited to government accounting and auditing, public company engagements,
				  consulting, accounting and review services, tax practice, financial
				  projections.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.12 - Confidential Client Information

Current through June 25, 2024
Rule 6.12.1. A CPA or firm permit holder shall not disclose
				  any confidential information obtained in the course of a professional
				  engagement except with the consent of the client. This rule shall not be
				  construed:
(a) to relieve a CPA or firm
				permit holder of his obligation under s
Rule
6.9,
				6.10, and 6.11. of these
Rules and Regulations
,
(b) to affect in any way compliance with a
				valid subpoena or summons enforceable by the Board or by order of a
				court,
(c) to prohibit review of a
				practice unit's professional practices as a part of the Board's practice review
				or for peer review, or
(d) to
				preclude a CPA or firm permit holder from responding to any inquiry made by the
				Board under state statutes, or a duly constituted investigative or disciplinary
				body of a national or state professional accounting association.
Rule 6.12.2. Members of the Board and professional practice
				  reviewers shall not disclose any confidential client information which comes to
				  their attention from CPAs in disciplinary proceedings or otherwise in carrying
				  out their official responsibilities. However, this prohibition shall not
				  restrict the exchange of information with an aforementioned duly constituted
				  investigative or disciplinary body.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.14 - Discreditable Conduct

Current through June 25, 2024
Rule 6.14.1. A CPA shall conduct himself in a manner which
				  will contribute to the honor and dignity of the State and the profession and
				  shall not at any time commit an act or engage in any conduct discreditable to
				  the accounting profession.
Rule 6.14.2. A discreditable act includes but is not limited
				  to:
(a) acts that reflect adversely on
				the CPA's honesty, integrity, trustworthiness, good moral character, or fitness
				as a CPA in other respects;
(b)
				stating or implying an ability to improperly influence a governmental agency or
				official; or
(c) failing to comply
				with any order issued by the Board.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.15 - Discipline by Federal and State Authorities

Current through June 25, 2024
Rule 6.15.1. A CPA shall conduct himself in a manner which
				  will not cause him to be disciplined by federal or state agencies or boards for
				  violations of laws or rules on ethics. A CPA or firm permit holder who engages
				  in activities regulated by other federal or state authorities (including but
				  not limited to the following agencies: IRS, Department of Revenue, SEC, State
				  Bar, Mississippi Secretary of State, State Auditor, State Treasurer, Department
				  of Insurance, GAO, HUD) must comply with all such authorities" ethics laws and
				  rules.
Rule 6.15.2. A CPA or firm permit holder shall not perform
				  actions in ways that would cause suspension or disbarment from practice before
				  the Treasury Department or other federal agency or have his CPA
				  certificate/license issued by any other state or territory revoked or suspended
				  for reasons other than non-payment of fees, failure to register, failure to
				  meet educational requirements, or other similar technical administrative
				  reasons.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.16 - Form of Practice

Current through June 25, 2024
A CPA may practice public accounting, whether as an owner or
				  employee, only through an entity meeting ownership requirements as specified in
				  Chapter 3. of these
Rules and Regulations
and properly
				  registered with the Board with a firm permit to practice public
				  accountancy.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 7 - Disciplinary Actions

Current through June 25, 2024
Rule 7.1.1. For the purposes of this rule, "charge" refers to
				any written allegation brought to or by the Board against a certified public
				accountant, firm thereof, and/or other persons relating to a violation of the
Rules and Regulations
of the Board or the laws of the State of
				Mississippi pertaining thereto.
Rule 7.1.2. Following the receipt of such charges or
				information, an investigation may be initiated. Unless a charge is dismissed as
				frivolous, unfounded, or filed in bad faith, or dismissed for other good cause;
				resolved by a consent order or other informal disposition, a formal complaint
				shall be filed and the matter shall proceed to hearing in accordance with the
				provisions of Section
				73-33-11
				of the Mississippi Code of 1972, as amended.
Miss. Code Ann. §
				73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 8 - State Board of Public Accountancy › Rule 30-1-8.1 - Appointment

Current through June 25, 2024
Rule 8.1.1. The Board shall consist of seven members, duly
				  appointed by the Governor of the State of Mississippi.
Rule 8.1.2. If for any reason a vacancy shall occur on the
				  Board, the Chair will provide a notice to the Governor and ask for the
				  appointment of a new member to fill the unexpired term of the previous
				  member.
Rule 8.1.3. Board appointees must hold valid CPA licenses
				  issued by the Board and be qualified electors in the State of
				  Mississippi.
Miss. Code Ann. §
				  73- 33-5 (f)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 9 - Administrative Procedures Rules › Rule 30-1-9.1 - METHOD OF OPERATION

Current through June 25, 2024
3. Where and How
				the Public may Obtain Information. The Board
Rules and
				Regulations,
as well as information regarding the Board meetings and
				regulatory requirements, may be obtained by visiting the Board's website at
www.msbpa.ms.gov
. Requests for
				declaratory opinions may be made pursuant to Part III of these administrative
				procedure rules. Otherwise, requests made pursuant to and in accordance with
				the Mississippi Public Records Act may be made by submitting written requests.
Within seven (7) working days of the Board's receipt of a
				  public records request, the Board shall review same and determine whether the
				  records sought are exempt or privileged by law and shall either:
i) produce the records;
ii) allow access to records;
iii) if the request is unclear or does not
				sufficiently identify the record sought, request clarification from the
				requestor; or
iv) deny access to
				or production of the records sought. If the Board is unable to produce a public
				record by the seventh working day after the request is received, the Board will
				provide the requester with a written explanation stating that the record
				requested will be produced or will specify the reason why the records cannot be
				produced within the seven-day period. Unless there is mutual agreement between
				the Board and the requester, the date for production of the requested record
				will be no later than fourteen (14) working days from the Board's receipt of
				the original public record request.
Other requests for information, applications, requirements,
				  complaints, fees and other inquiries may be made to:
Mississippi State Board of Public Accountancy
5 Old River Place, Suite 104
Jackson, Mississippi 39202-3449
Telephone - (601) 354-7320
Facsimile - (601) 354-7290
Web site -
www.msbpa.ms.gov
Email - email@msbpa.ms.gov
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 10 - Definitions

Current through June 25, 2024
Attest
- means providing the following services:
(1) Any audit or other engagement to
			 be performed in accordance with the Statements on Auditing Standards (SAS);
(2) any review of a financial
			 statement to be performed in accordance with the Statements on Standards for
			 Accounting and Review Services (SSARS);
(3) any examination of prospective financial
			 information to be performed in accordance with the Statements on Standards for
			 Attestation Engagements (SSAE);
(4) any engagement to be performed in
			 accordance with the Auditing Standards of the Public Company Accounting
			 Oversight Board (PCAOB); and
(5)
			 any examination, review or agreed upon procedures engagement to be performed in
			 accordance with the SSAE, other than an examination described in number (3)
			 above.
Resident manager
- a CPA designated by a firm to
				be responsible for an office location and its compliance with the act and the
Rules and Regulations
of the Board. The CPA must reside in
				Mississippi and hold a current license to practice public accountancy in
				Mississippi. Exempted from the requirement of Mississippi residency is a
				resident manager who spends a majority of his or her work year on-site in the
				Mississippi offices for which the licensee is the firm resident manager. The
				exemption is intended to address licensees residing outside of Mississippi but
				are able to commute to the Mississippi offices for which the licensee is the
				firm resident manager on a routine and regular basis.
CPA LICENSE
Annual and initial registration
$100
Late fee
150
Processing fees:
Mississippi initial application
100
Reciprocal initial application
100
Reinstatement of license
200
Transfer of status to/from another State Board
50
Replacement certificate of licensure
100
Background screening fees
Cost of Background Check
Holding out as a CPA or CPA firm
- any
				representation that a person holds a CPA certificate or license or that an
				entity holds a CPA firm permit to practice public accounting. Any such
				representation is presumed to invite the public to rely upon the professional
				skills implied by the title, license or permit. A representation includes a
				verbal, written, or electronic communication.
Miss. Code Ann. §
				73- 33-5 (f)