30 Miss. Code. R. 1-2.6

Current through December 10, 2024

Rule 30-1-2.6 - Reciprocity

Rule 2.6.1. Persons holding CPA certificates/licenses granted by other jurisdictions must apply for reciprocity for a CPA license with the Mississippi State Board of Public Accountancy if they do not meet the following exemptions. In addition, CPA firms must apply for registration of a firm permit to practice public accounting in accordance with the provisions of Chapter 3 of these Rules and Regulations.

Rule 2.6.2. Mississippi reciprocity law and regulations do not apply to holders of CPA certificates/licenses granted by other jurisdictions:

(a) whose principal place of business is not in Mississippi, and

(b) who hold a valid license as a CPA from any state which is substantially equivalent as defined in these Rules and Regulations, and

(c) who avail themselves of the practice privilege in accordance with Section 73-33-17.

Rule 2.6.3. Rescinded

Rule 2.6.4. Each application for a reciprocal CPA license shall be considered on its own merits. No reciprocal CPA license shall be issued to holders of certificates from other jurisdictions unless the jurisdiction that issued the certificate/license confirms the applicant is in good standing, and then only if the said jurisdiction grants reciprocity to Mississippi CPAs.

Rule 2.6.5. An individual holding a valid certificate and license in good standing as a CPA issued by any jurisdiction and of good moral character may make application for a CPA license in Mississippi. Applications for reciprocal CPA licenses shall be made on forms prescribed by the Board and submitted to the executive director. The application must be accompanied by the requisite fee and shall include written authorization from the applicant empowering the Board to obtain all information concerning the applicant's qualifications and present standing.

Rule 2.6.6. The Board shall evaluate each application and shall issue a reciprocal CPA license based on evidence of an active license in good standing in a substantially equivalent jurisdiction. If an applicant has an active license in a jurisdiction that is not substantially equivalent, the Board will consider issuing a reciprocal CPA license if the applicant's qualifications are substantially equivalent to those required to obtain a Mississippi original CPA license.

Rule 2.6.7. Applicants for reciprocal CPA licenses shall not be required to reside or have a place for the regular transaction of business in Mississippi.

Rule 2.6.8. Applicants for reciprocal CPA licenses shall be required to comply with all of the same Rules and Regulations as holders of original Mississippi licenses, including but not limited to CPA firm registration, continuing professional education requirements, annual registration and address changes.

30 Miss. Code. R. 1-2.6

Amended 9/1/2019