A former CPA firm whose permit or privilege has been revoked or suspended may

A former CPA firm whose permit or privilege has been revoked or suspended may make application for reinstatement in accordance with the provision of the Trial Board order. (a) In considering an application the Board shall consider all activities of the applicant since the permit or privilege was canceled, revoked or suspended, including but not limited to the prior offense, the applicant's activities during the time the permit or privilege was in good standing, rehabilitative efforts, and restitution to damaged parties in the matter. (b) After consideration of the applicant's petition and after conducting such personal examination of the applicant or other persons as it deems necessary and call a hearing to review facts and circumstances, the Board may in its discretion reinstate any revoked, suspended or surrendered firm permit or privilege. The Board shall notify such applicant of its decision in writing.