Reinstatement of Firm Permit

PURPOSE: This rule establishes requirements for reinstatement of permit to practice for CPA firms. (1) The board may reinstate the permit of any CPA firm provided— (A) The firm submits a completed reinstatement application and applicable fees. (2) A firm shall submit a reinstatement application where the permit has expired for more than two (2) months or has previously been suspended or revoked. (3) In the event of application for reinstatement of a permit to AND INSURANCE practice, wherein the CPA firm had been previously suspended or revoked by the board, the board may modify the earlier discipline by placing requirements or restrictions upon the reinstated permit. Such modifications may include probation, pre-issuance reviews, and other such requirements as permitted by law and determined by the board. (4) A firm making application for reinstatement that has been practicing public accounting in Missouri without an active permit shall not be reinstated until all required fees and delinquent fees have been paid, which were not paid previously. (5) The provisions of this rule are declared severable. If any provision of this rule is held invalid by a court of competent jurisdiction, the remaining provisions of this rule shall remain in full force and effect, unless otherwise determined by a court of competent jurisdiction to be invalid. AUTHORITY: sections 324.038 and 326.262, RSMo 2016, and section 326.289, RSMo Supp. 2022. Original rule filed Dec. 1, 2022, effective May 30, 2023. Original authority: 324.038, RSMo 2008; 326.262, RSMo 2001; 326.289 RSMo 2001, amended 2002, 2008, 2017, 2020.