(a)A certified public accounting firm that has been
issued a permit under this act may practice in any form of
organization allowed by state law.
(i)Repealed By Laws 2005, ch. 1, § 2.
(ii)Repealed By Laws 2005, ch. 1, § 2.
(iii)Repealed By Laws 2005, ch. 1, § 2.
(b)The board shall grant or renew a permit to a certified
public accounting firm demonstrating its qualifications in
accordance with this section:
(i)Repealed By Laws 2005, ch. 1, § 2.
(ii)Repealed By Laws 2005, ch. 1, § 2.
(iii)Repealed By Laws 2005, ch. 1, § 2.
(iv)Repealed By Laws 2005, ch. 1, § 2.
(v)Repealed By Laws 2005, ch. 1, § 2.
(vi)Repealed By Laws 2005, ch. 1, § 2.
(vii)Repealed By Laws 2005, ch. 1, § 2.
(viii)Repealed By Laws 2005, ch. 1, § 2.
(ix)Repealed By Laws 2009, Ch. 99, § 2.
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(a) A certified public accounting firm that has been
issued a permit under this act may practice in any form of
organization allowed by state law.
(i) Repealed By Laws 2005, ch. 1, § 2.
(ii) Repealed By Laws 2005, ch. 1, § 2.
(iii) Repealed By Laws 2005, ch. 1, § 2.
(b) The board shall grant or renew a permit to a certified
public accounting firm demonstrating its qualifications in
accordance with this section:
(i) Repealed By Laws 2005, ch. 1, § 2.
(ii) Repealed By Laws 2005, ch. 1, § 2.
(iii) Repealed By Laws 2005, ch. 1, § 2.
(iv) Repealed By Laws 2005, ch. 1, § 2.
(v) Repealed By Laws 2005, ch. 1, § 2.
(vi) Repealed By Laws 2005, ch. 1, § 2.
(vii) Repealed By Laws 2005, ch. 1, § 2.
(viii) Repealed By Laws 2005, ch. 1, § 2.
(ix) Repealed By Laws 2009, Ch. 99, § 2.
(x) Repealed By Laws 2009, Ch. 99, § 2.
(xi) Repealed By Laws 2009, Ch. 99, § 2.
(xii) Repealed By Laws 2009, Ch. 99, § 2.
(xiii) Except as otherwise provided in this section,
the following shall be required to hold a permit issued under
this section:
(A) Any firm with an office in this state
performing any attest services as defined in W.S. 33-3-
102(a)(vi) or any compensated public accounting services
described in W.S. 33-3-109(c) for members of the general public
provided by certified public accountants who are subject to the
jurisdiction of the board under this act;
(B) Any firm with an office in this state that
uses the title "CPA" or "CPA firm".
(C) Repealed by Laws 2019, ch. 2, § 2.
(xiv) A firm which does not have an office in this
state may perform attest services described in W.S. 33-3-
102(a)(vi) or compilation services described in W.S. 33-3-
102(a)(ix) for a client having its home office in this state and
may use the title "CPA" or "CPA firm" without a permit issued
under this section if:
(A) The firm has the qualifications described in
paragraph (xvi) of this subsection and W.S. 33-3-132; and
(B) The firm performs the services through an
individual with practice privileges under W.S. 33-3-116(a).
(xv) A firm which is not subject to the requirements
of paragraph (xiii) or (xiv) of this subsection may perform
other professional services while using the title "CPA" or "CPA
firm" without a permit if:
(A) The firm performs the services through an
individual with practice privileges under W.S. 33-3-116(a); and
(B) The firm can lawfully perform those services
in the state where the individual with practice privileges has
his principal place of business.
(xvi) Notwithstanding any other provision of law, at
least a simple majority of the ownership of the firm, in terms
of financial interests and voting rights of all partners,
officers, shareholders, members or managers, shall belong to
holders of a certificate who are licensed in some state and
those partners, officers, shareholders, members or managers
whose principal place of business is in this state and who
perform professional services in this state shall hold a valid
certificate issued under W.S. 33-3-109 or the corresponding
provision of prior law. Firms may include noncertificate holder
owners but the firm and its ownership shall comply with rules
promulgated by the board;
(xvii) Any firm may include nonlicensed owners
provided that:
(A) The firm designates a certificate holder of
this state, or in the case of a firm which is required to have a
permit pursuant to W.S. 33-3-116(a)(iv) a licensee of another
state who meets the requirements of W.S. 33-3-116(a), who is
responsible for the proper registration of the firm and the firm
identifies that individual to the board;
(B) All nonlicensed owners shall be active
individual participants in the firm or the firm's affiliated
entities;
(C) The firm complies with any other
requirements imposed by board rules;
(D) Any firm which is not in compliance with the
requirements of this paragraph due to changes in firm ownership
or personnel after receiving or renewing a permit shall take
corrective action to bring the firm back into compliance. The
board, through rule and regulation, shall specify a period of
time for firms to take corrective action. Failure to take
corrective action may be grounds for suspension or revocation of
the permit issued under this section.
(c) Repealed By Laws 2005, ch. 1, § 2.
(d) This section shall not be applied to prohibit any
officer or employee of the state or federal government or
political subdivision thereof from performing his official
duties.