58-26a-305. Exemptions from licensure.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 7/1/2026

(1)In addition to the exemptions from licensure in Section 58-1-307 , the following may engage in acts included within the definition of the practice of public accountancy, subject to the stated circumstances and limitations, without being licensed under this chapter:

(a)an individual that:

(i)holds a valid license or permit in good standing as a certified public accountant or equivalent issued by another state, if at the time the individual was licensed, the individual showed evidence of having successfully completed the equivalent of qualifying examinations required for that state; and

(ii)consents, as a condition of the grant of the privilege described in Subsection (1)(a) (i):

(A)to personal and subject matter jurisdiction and disciplinary authority of the division;

(B)to comply with this chapter and the rules made under this chapter;

(C)that in the event the license from the state of the individual's principal place of business becomes invalid, the individual shall cease offering or rendering professional services in this state both individually and on behalf of the firm; and

(D)to the appointment of the state board which issued the individual's license as the individual's agent upon whom process may be served in an action or proceeding brought by the division against the individual;

(b)an officer, member, partner, or employee of any entity or organization who signs any statement or report in reference to the financial affairs of the entity or organization with a designation of that individual's position within the entity or organization;

(c)a public official or employee while performing the public official's or employee's official duties;

(d)an individual using accounting or auditing skills, including the preparation of tax returns, management advisory services, and the preparation of financial statements without the issuance of reports; or

(e)an employee of a CPA firm registered under this chapter or an assistant to a person licensed under this chapter, working under the supervision of a licensee, if:

(i)neither the employee or assistant nor the licensed employer or registered CPA firm represents that the unlicensed individual is a certified public accountant; and

(ii)no accounting or financial statements are issued in the unlicensed individual's name.

(a)Notwithstanding any other provision of law, an individual who qualifies under Subsection (1)(a) has all the privileges of a licensee of this state and may engage in acts included within the definition of the practice of public accountancy, whether in person or by mail, telephone, or electronic means, based on a practice privilege in this state, and no notice, fee, or other submission shall be provided by that person.

(b)The division may revoke, suspend, or restrict an exemption granted under Subsection (1)(a) , or place on probation or issue a public or private reprimand to a person exempted under those subsections for the reasons set forth in Subsection 58-1-401(2) .

Amended by Chapter 283 , 2025 General Session