325.330 Application and issuance of license to practice -- Renewal -- Expiration --
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/ky/325-330A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Continuing professional education -- Reinstatement.
(1)An applicant for an initial license to practice shall:
(a)Satisfy all the requirements of KRS 325.261 and the administrative
regulations promulgated by the board;
(b)Pay a fee not to exceed two hundred dollars ($200); and
(c)Complete the application process established in an administrative regulation
promulgated by the board.
(2)Licenses shall be initially issued and renewed for a period of two
(2)years, and
shall expire on the first day of July in the year of expiration.
(3)When an initial license to practice is granted, the board shall issue a nonrenewable
document that indicates that the licensee has satisfied all requirements to receive an
initial license as a certified public accountant.
(4)An applicant for renewal of a license to practice who is in good standing shall
complete the renewal procedure established in administrative regulations
promulgated by the board that show that the applicant has:
(a)Fulfilled the requirement of continuing professional education as defined by
the board by administrative regulation, but not to exceed eighty
(80)hours
during a two
(2)year calendar period ending December 31 preceding the July
1 renewal date. Certified public accountants not employed by a firm licensed
by the board shall be required to achieve continuing professional education
not to exceed sixty
(60)hours during the two
(2)year calendar period ending
December 31 preceding the July 1 renewal date. The board shall provide for
lesser, prorated requirements for applicants whose initial permit was issued
substantially less than two
(2)years prior to the renewal date;
(b)Paid a fee not to exceed two hundred dollars ($200) biennially;
(c)Listed a permanent mailing address; and
(d)Designated as part of the renewal process whether the applicant is employed
by a firm licensed by the board.
(5)Any license not renewed by the expiration date shall automatically expire and the
holder of the expired license shall be prohibited from practicing public accounting
or holding himself or herself out as a certified public accountant.
(a)The holder of a license that from the date of renewal has been expired for a
period shorter than six
(6)months, and who has not violated any other
provision of this chapter, may renew the license by meeting all of the
requirements of this section and paying a late penalty fee not to exceed one
hundred dollars ($100).
(b)If the license has expired for a period longer than six
(6)months, the applicant
shall apply to the board for reinstatement. The board shall determine the
eligibility for license reissuance, including a late penalty fee not to exceed two
hundred dollars ($200) and additional continuing professional education
hours.
(c)Failure to receive a renewal notice shall not constitute an adequate reason for
failing to renew the license to practice in a timely manner.
(a)Effective January 1, 2011, licenses shall expire on August 1 of the year in
which they are to be renewed. Odd-numbered licenses shall expire on August
1 of every odd-numbered year and even-numbered licenses shall expire on
August 1 of every even-numbered year.
(b)An applicant for renewal of a license to practice who is in good standing shall
complete the renewal procedure, which shall be established by administrative
regulation promulgated by the board and shall require the applicant to:
1. Fulfill the continuing professional education requirements, as defined by
the board by promulgation of administrative regulation, in accordance
with the following:
a. Certified public accountants employed by or operating a firm
licensed by the board shall be required to complete no more than
eighty
(80)hours of continuing professional education during the
two
(2)year calendar period ending December 31 preceding the
August 1 renewal date;
b. Certified public accountants not employed by a firm licensed by
the board shall be required to complete no more than sixty
hours during the two
(2)year calendar period ending December 31
preceding the August 1 renewal date; and
c. The board shall provide for lesser, prorated requirements for
applicants whose initial license was issued substantially less than
two
(2)years prior to the renewal date;
2. Pay a fee not to exceed two hundred dollars ($200) biennially;
3. Provide a permanent mailing address; and
4. Designate where the applicant is currently practicing.
(c)Any license not renewed by the expiration date shall automatically expire, and
the holder of the expired license shall be prohibited from practicing public
accounting or holding himself or herself out as a certified public accountant.
(d)1. The holder of a license that has been expired for a period of less than
one
(1)month, who has not violated any other provision of this chapter,
may renew the license by meeting all of the requirements of this section
and paying a late penalty fee not to exceed one hundred dollars ($100).
2. If the license has expired for a period longer than one
(1)month, the
applicant shall apply to the board for reinstatement. The board shall
determine the eligibility for license reissuance, including a late penalty
fee not to exceed two hundred dollars ($200) and additional continuing
professional education hours.
(8)The board may reduce or waive the license to practice renewal requirements upon
written request of the licensee showing illness, extreme hardship, or age and
retirement from practice as prescribed by the board by administrative regulation.
(9)A licensee shall notify the board in writing of a change in his or her mailing address
within twenty
(20)days following the effective date of the change in address.