Reciprocity for out-of-state accountants — licensee of this state committing act in another state, effect

1. (1) (a) An individual whose principal place of business, domicile, or residency is not in this state and who holds a valid and unrestricted license in good standing to practice public accounting from any state shall have all the privileges of licensees of this state without the need to obtain a license or to otherwise notify or register with the board or pay any fee provided that at the time of initial licensure, the individual was required to show evidence of having passed the Uniform Certified Public Accountant Examination and having met one of the following requirements: a. A baccalaureate degree conferred by an accredited college or university, with the total educational program including an accounting concentration or equivalent, and not less than two years of experience, both as defined by board rule; b. A baccalaureate degree plus an additional thirty semester hours of college education conferred by an accredited college or university, with the total educational program including an accounting concentration or equivalent, and not less than one year of experience, both as defined by board rule; or c. A post-baccalaureate degree conferred by an accredited college or university, with the total educational program including an accounting concentration or equivalent, and not less than one year of experience, both as defined by board rule. (b) An individual, whose principal place of business, domicile, or residency is not in this state and who holds a valid and unrestricted license in good standing to practice public accountancy from any state as of December 31, 2024, and who, as of such date, has practice privileges in this state under paragraph (a) of this subdivision, shall continue to have all the privileges of licensees in this state without the need to obtain a license or otherwise notify or register with the board or pay any fee. (c) The board may by rule require individuals with a valid but restricted license to obtain a license. (2) An individual who qualifies for the privilege to practice under this section may offer or render professional services in this state, whether in person, by mail, telephone, or electronic means, and no notice or other submission shall be required of any such individual. (3) An individual licensee of another state exercising the privilege afforded under this section and the firm which employs such licensee hereby simultaneously consent, 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 chapter and the board's rules; (c) That in the event the license from any state is no longer valid or unrestricted, the individual shall 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 that issued the individual's license as his or her agent upon whom process may be served in any action or proceeding by this board against the individual. (4) An individual who has been granted the privilege to practice under this section who performs attest or compilation services shall comply with the provisions of section 326.289. (5) Nothing in this chapter shall prohibit temporary practice in this state for professional business incidental to a CPA's regular practice outside this state. "Temporary practice" means that practice related to the direct purpose of an engagement for a client located outside this state, which engagement began outside this state and extends into this state through common ownership, existence of a subsidiary, assets or other operations located within this state. 2. A licensee of this state offering or rendering services or using his or her certified public accountant title in another state shall be subject to disciplinary action in this state for an act committed in another state for which the licensee would be subject to discipline for an act committed in the other state. Notwithstanding the provisions of section 326.274 to the contrary, the board may investigate any complaint made by the board of accountancy of another state.