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TITLE 22EXAMINING BOARDS
PART 22TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
CHAPTER 517PRACTICE BY CERTAIN OUT OF STATE FIRMS AND INDIVIDUALS
RULE §517.2Practice by Certain Out of State Individuals

(a) An individual who holds a certificate or license as a CPA issued by another state and whose principal place of business is not in this state may exercise all the privileges of certificate and license holders of this state without obtaining a certificate or license under this chapter if:

  (1) NASBA's National Qualification Appraisal Service has verified that the other state has education, examination, and experience requirements for certification or licensure that are comparable to or exceed the requirements for licensure as a CPA of the AICPA/NASBA UAA and the board determines that the licensure requirements of that Act are comparable to or exceed the licensure requirements of this chapter; or

  (2) the individual obtains from NASBA's National Qualification Appraisal Service verification that the individual's education, examination, and experience qualifications are comparable to or exceed the requirements for licensure as a CPA of the AICPA/NASBA UAA and the board determines that the licensure requirements of that Act are comparable to or exceed the licensure requirements of this chapter.

(b) An individual who meets the requirements of subsection (a)(1) or (2) of this section and who offers or renders professional services in person or by mail, telephone, or electronic means may practice public accountancy in this state without notice to the board.

(c) An individual practicing under this section must practice through a firm that holds a license under this title if, for an entity that has its principal office in this state, the individual performs:

  (1) a financial statement audit or other engagement that is to be performed in accordance with SAS;

  (2) an examination of prospective financial information that is to be performed in accordance with SSAE; or

  (3) an engagement that is to be performed in accordance with auditing standards of the PCAOB or its successor.


Source Note: The provisions of this §517.2 adopted to be effective October 11, 2007, 32 TexReg 7063; amended to be effective October 15, 2008, 33 TexReg 8516; amended to be effective August 8, 2012, 37 TexReg 5782

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