§ 33-3-116 — Certified public accountant; holders of certificates in sister states

Wyoming § 33-3-116

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 3: ACCOUNTANTS
• Art. 1: IN GENERAL

Text

(a) The board may allow practice privileges as follows:
(i) An individual whose principal place of business
is not in this state and who holds a valid license as a
certified public accountant from any state which the board, or
its designee as determined by board rule and as provided in W.S.
33-3-109(o), has determined to be in substantial equivalence
with subsection (c) of this section shall be presumed to have
qualifications substantially equivalent to this state's
requirements and shall have all the privileges of certificate
holders of this state without the need to obtain a certificate
under W.S. 33-3-109. Notwithstanding any other provision of
law, an individual who offers or renders professional services,
whether in person or by mail, telephone or electronic means,
under this subsection shall be granted practice privileges in
this state and no notice, fee or other submission shall be
required of the individual. Any individual practicing under
this paragraph shall be subject to the requirements of paragraph
(a)(iii) of this section;
(ii) An individual whose principal place of business
is not in this state and who holds a valid license as a
certified public accountant from any state which the board, or
its designee as determined by board rule and as provided in W.S.
33-3-109(o), has not determined to be in substantial equivalence
with the certified public accountant licensure requirements of
subsection (c) of this section shall be presumed to have
qualifications substantially equivalent to this state's
requirements and shall have all the privileges of certificate
holders of this state without the need to obtain a certificate
under W.S. 33-3-109 if the individual obtains from the board or
its designee verification that the individual's certified public
accountant qualifications are substantially equivalent to the
certified public accountant licensure requirements of subsection
(c) of this section. Notwithstanding any other provision of
law, an individual who offers or renders professional services,
whether in person or by mail, telephone or electronic means,
under this subsection shall be granted practice privileges in
this state and no notice, fee or other submission shall be
required of the individual. Any individual practicing under
this paragraph shall be subject to the requirements of paragraph
(a)(iii) of this section;
(iii) An individual licensee of another state
exercising the privileges afforded under this subsection and the
firm which employs that licensee simultaneously consents as a
condition of the grant of this privilege:
(A) To the personal and subject matter
jurisdiction and disciplinary authority of the board;
(B) To comply with this act and any board rules;
(C) That in the event the license from the state
of the individual's principal place of business is no longer
valid, the individual will cease offering or rendering
professional services in this state individually and on behalf
of a firm; and
(D) To the appointment of the state board which
issued their license as their agent upon whom process may be
served in any action or proceeding by the board against the
licensee.
(iv) An individual who qualifies for practice
privileges under this subsection shall only provide services
through a firm which has obtained a permit issued under W.S.
33-3-118 when performing the following services for any entity
with its home office in this state:
(A) Providing any financial statement audit or
other engagement to be performed in accordance with statements
on auditing standards;
(B) Providing any examination of prospective
financial information to be performed in accordance with
statements on standards for attestation engagements; or
(C) Providing any engagement to be performed in
accordance with public company accounting oversight board
auditing standards.
(b) A licensee of this state offering or rendering
services or using his certified public accountant title in
another state shall be subject to disciplinary action in this
state for any act committed in another state for which the
licensee would be subject to discipline. Notwithstanding W.S.
33-3-123, the board shall investigate any complaint made by the
board of accountancy of another state.
(c) An individual shall be deemed to meet the substantial
equivalency requirements of this state if he meets the
requirements of paragraph (i) or (ii) of this subsection:
(i) The individual holds a valid license as a
certified public accountant from any state that requires as a
condition of licensure that the individual:
(A) Completes at least one hundred fifty (150)
semester hours of college education including a baccalaureate or
higher degree conferred by a college or university;
(B) Achieves a passing grade on the uniform
certified public accountant examination; and
(C) Possesses at least one (1) year experience
including providing any type of service or advice involving the
use of accounting, attest, compilation, management advisory,
financial advisory, tax or consulting skills, which may be
obtained through government, industry, academic or public
practice verified by a licensee or the equivalent of a licensee
as determined by the board.
(ii) The individual holds a valid license as a
certified public accountant from any state that does not meet
the requirements of paragraph (i) of this subsection but the
individual has otherwise met the requirements of paragraph (i)
of this subsection or substantially similar requirements. Any
individual who passed the uniform certified public accountant
examination prior to January 1, 2012 may be exempted from the
educational requirements in subparagraph (c)(i)(A) of this
subsection for purposes of this paragraph.
(d) Nothing in this section shall be interpreted to
prohibit an individual who qualifies for practice privileges
under this section from applying for a Wyoming certified public
accountant certificate.