Accountancy Act

Alaska · Business and Professions · §§ 08.04.005 to 08.04.690 · 76 sections

Overview

The Accountancy Act governs the practice of public accounting, setting the terms on which individuals and firms may hold themselves out as accountants and use the title "certified public accountant." It creates a board of accountancy — providing for its members' appointment and qualifications, meetings, quorum, vacancies, and removal, along with staff support — and empowers that board to adopt rules, administer examinations, and issue certificates, licenses, and practice permits. The act also fixes the education, experience, and examination requirements for certification, provides for recognizing accountants licensed elsewhere through reciprocity and substantial equivalency, and addresses supervision of practice, waivers, fees, and inactive status for those not currently practicing.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

AS 08.04.005Purpose
AS 08.04.010Creation of board
AS 08.04.020Appointment and qualifications of board
AS 08.04.025Meetings of board
AS 08.04.030Removal of members
AS 08.04.040Vacancy on board
AS 08.04.050Quorum
AS 08.04.055Executive secretary of board
AS 08.04.060Employment of personnel. [Repealed, § 3 ch 59 SLA 1966.]
AS 08.04.070Functions of board
AS 08.04.075Substantial equivalency
AS 08.04.080Adoption of rules
AS 08.04.085Regulations regarding attest functions. [Repealed, § 42 ch 67 SLA 2010.]
AS 08.04.090Applicability of Administrative Procedure Act. [Repealed, § 15 ch 82 SLA 1980. For current law, see AS 08.01.090.]
AS 08.04.100Certificate granted
AS 08.04.105License for individual to practice as a public accountant
AS 08.04.110Personal requirements
AS 08.04.120Educational and experience requirements
AS 08.04.130Examination
AS 08.04.140Frequency of examination [Repealed by § 3, ch. 139, SLA 2003.]
AS 08.04.150Qualifications to take examination
AS 08.04.160Re-examination. [Repealed by § 3, ch. 139, SLA 2003.]
AS 08.04.170Examination standards. [Repealed by § 3, ch. 139, SLA 2003.]
AS 08.04.180Prior applicants
AS 08.04.190Examination fee
AS 08.04.195Reciprocity with other states
AS 08.04.200Use of title “certified public accountant” by individual
AS 08.04.210Effect on certificates existing on April 26, 1960
AS 08.04.220Certification of foreign accountants. [Repealed, § 15 ch 82 SLA 1980.]
AS 08.04.230Registration of foreign accountants. [Repealed, § 2 ch 147 SLA 1976.]
AS 08.04.240Requirements for issuance of a permit to engage in the practice of public accounting; ongoing compliance
AS 08.04.250Requirements for registration. [Repealed, § 4 ch 147 SLA 1976.]
AS 08.04.260Temporary certificate as certified public accountant. [Repealed, § 7 ch 66 SLA 1997.]
AS 08.04.350Registration of offices. [Repealed, § 12 ch 62 SLA 1988.]
AS 08.04.360Supervision required
AS 08.04.370Use of title “certified public accountant” by office of firm
AS 08.04.380Waiver of requirements
AS 08.04.390Permit for individual practice as a public accountant. [Repealed, § 53 ch 16 SLA 2006.]
AS 08.04.400Permit for partnership, limited liability company, or corporate practice as a public accountant. [Repealed, § 53 ch 16 SLA 2006.]
AS 08.04.410Inactive license for person not engaged in practice
AS 08.04.420Practice privileges
AS 08.04.421Out-of-state permits and exemptions
AS 08.04.422Conditions of practice privileges
AS 08.04.423Competency requirement after licensing
AS 08.04.425Continuing education
AS 08.04.426Peer review
AS 08.04.430Expiration and renewal. [Repealed, § 49 ch 94 SLA 1987. For current law, see AS 08.01.100.]
AS 08.04.440Effect of failure to obtain license or permit
AS 08.04.450Disciplinary power of board; investigations
AS 08.04.460Suspension or revocation of license revokes permit. [Repealed, § 53 ch 16 SLA 2006.]
AS 08.04.470Revocation of a firm's permit
AS 08.04.480Grounds for discipline of a firm
AS 08.04.490Reinstatement
AS 08.04.495Fees
AS 08.04.500Individual posing as a certified public accountant
AS 08.04.505Issuance of reports
AS 08.04.510Firm posing as certified public accountant
AS 08.04.520Individual posing as public accountant
AS 08.04.530Firm posing as public accountant
AS 08.04.540Use of deceptive title or abbreviation
AS 08.04.550Corporation may not assume title. [Repealed, § 21 ch 147 SLA 1976. For current law, see AS 08.04.540.]
AS 08.04.560Individual may not assume title
AS 08.04.565Prohibited acts
AS 08.04.570Acts not prohibited
AS 08.04.600Disclosure of lack of license or permit
AS 08.04.610Deceptive use of title or designation by firm
AS 08.04.620Exceptions
AS 08.04.630Injunction against unlawful act
AS 08.04.640Penalty
AS 08.04.650Single act evidence of practice
AS 08.04.660Ownership of accountant's working papers
AS 08.04.661Previous licensure
AS 08.04.662Confidential communications
AS 08.04.670Construction
AS 08.04.680Definitions
AS 08.04.690Short title

Enacted in other states

Idaho, Louisiana, New Hampshire, New Jersey, Rhode Island, Tennessee

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