Iowa Administrative Code › Agency 193A - Accountancy Examining Board › Chapter 16 - Disciplinary Proceedings › Rule 193A-16.3 - Disciplinary Sanctions

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Type of
			 sanctions.
The board has the authority to impose the following
			 disciplinary sanctions:
a. Revoke a license
			 issued by the board. In the event of a revocation, the licensee is not allowed to
			 remain a member, partner or shareholder of a business entity if the law dictates
			 that all members, partners or shareholders of such an entity be actively
			 involved.
b. Suspend a license issued
			 by the board. A CPA or LPA who is under suspension will refrain, during the
			 period of the suspension, from all facets of the ordinary practice of public
			 accounting.
c. Revoke or suspend the
			 privilege to engage in one or more areas of the practice of public
			 accounting.
d. Impose a period of
			 probation. As a condition to a period of probation, the board may impose terms
			 and conditions deemed appropriate by the board, which may include, but are not
			 limited to, the following:
(1) The board may
			 order the licensee to undergo a quality review or desk review under the board's
			 supervision. The licensee will select, subject to approval by the board, a CPA,
			 an LPA, or a firm of CPAs or LPAs. The review cost will be paid by the licensee.
			 The board will be furnished a copy of the report issued by the reviewing party
			 and may order remedial actions or education as a result of the report
			 findings.
(2) The board may order the
			 licensee to enter into an agreement with a CPA, an LPA, or a firm of CPAs or LPAs
			 to obtain a preissuance review of any audits, compilations, or reviews issued by
			 the licensee or other public accounting services performed during the
			 probationary period. The agreement will be preapproved by the board. The board
			 may order the licensee to report regularly concerning the preissuance reviews
			 conducted pursuant to the agreement. Any cost incurred in obtaining preissuance
			 review will be paid by the licensee.
(3) The board may order the licensee to undergo
			 a substance abuse evaluation and such care and treatment appropriate under the
			 circumstances.
e. Specify
			 that a designated amount of continuing education be taken in specific subjects
			 and may specify the time period for completing these courses. The board may also
			 specify whether that continuing education be in addition to the continuing
			 education routinely necessary for license renewal. The board may also specify
			 that additional continuing education be a condition for the termination of any
			 suspension or reinstatement of a certificate, permit, license, or registration.
			 The board may also specify that current reference materials be obtained and
			 maintained.
f. Obligate the licensee
			 to undergo reexamination, using one or more parts of the CPA or LPA examination
			 given to candidates for the CPA certificate or the LPA license.
g. Impose civil penalties pursuant to Iowa Code
			 section 542.14(2).
h. Issue a
			 reprimand.
i. Order the licensee to
			 alter a professional practice or refrain from engaging in a particular act or
			 practice in the future, notify clients of unlicensed or unprofessional conduct,
			 or take such other remedial measures that are appropriate under the public
			 interest and circumstances of the infraction.
j. Order such alternative discipline as is
			 allowed by law.