Title 54 — PROFESSIONS, VOCATIONS, AND BUSINESSES

54-201. Short title. This chapter shall be known and may be cited as "The Idaho Accountancy Act."

54-202. Legislative intent. It is the policy of this state, and the purpose of this chapter, to promote the reliability of information that is used for guidance in financial transactions or for accounting for or assessing the financial status or performance of commercial, noncomm…

54-203. Board created — Membership — Appointment — Vacancies. There is hereby created in the department of self-governing agencies a board of accountancy in and for the state of Idaho, to be known as the Idaho state board of accountancy. The board shall consist of seven (7) membe…

54-204. Powers and duties. The Idaho state board of accountancy, in addition to the other powers and duties set forth in this chapter, shall have the following powers and duties: (1) To adopt and amend rules in accordance with the provisions of the administrative procedure act, c…

54-205. Meetings — Compensation. The board shall have its principal office in Ada county. Four (4) members of the board shall constitute a quorum, a majority of whom may act. The board shall meet no less than three (3) times each year; provided, however, special meetings may be c…

54-206. Definitions. As used in this chapter: (1) "AICPA" means the American institute of certified public accountants. (2) "Applicant" means any person having the requisite qualifications who makes application to the board for examination, or for initial issuance or renewal or r…

54-207. License — Application. (1) Any person desiring a certificate and license shall make a written application for such certificate and license to the board, upon forms to be prescribed and furnished by the board. Such application shall be filed and shall be accompanied by suc…

54-208. Examination — Education — Qualifications. (1) An applicant for admission to examination as a certified public accountant shall: (a) Be eighteen (18) years of age or older; (b) Be of good character; (c) Be a resident, have been a resident, or intend to immediately become a…

54-209. Experience. An applicant of good character who successfully passes the examination, with standards no less than those prescribed by the board’s rules for examination of candidates in Idaho, and who fulfills the requirements of section 54-207, Idaho Code, shall receive a l…

54-210. Reciprocity — Transfer of examination grades — Foreign reciprocity — Qualifications. (1) A person whose certificate and license have been granted by another state, whose principal place of business is located in this state, shall obtain a license by reciprocity from the b…

54-211. Licenses — Licensing period — Nonrenewal — Reinstatement — Inactive licenses — Retirement — Fees. (1) The board shall issue initial certificates and licenses, and renewal and reinstatement licenses to practice as a certified public accountant, and renewal and reinstatemen…

54-212. General fees. The board, as prescribed by its rules, may charge an amount not to exceed: (1) One thousand dollars ($1,000) for examination; (2) Three hundred dollars ($300) for licensure application or license renewal; (3) Twenty-five dollars ($25.00) for any certificate,…

54-213. Grandfather clause. Individuals who, on July 1, 2008, hold certified public accountant and licensed public accountant licenses heretofore issued under the laws of this state, shall, for all purposes, be considered licensees under this chapter and subject to the provisions…

54-214. Firm registration — Peer review. (1) The board shall register firms that make application and demonstrate their qualifications therefor in accordance with the following subsections of this section or to firms originally licensed in another state that establish an office i…

54-217. occupational licenses fund — RECEIPTS AND DISBURSEMENTS. All fees, charges, and fines received by the board under the provisions of this chapter shall be deposited in the state treasury to the credit of the occupational licenses fund, and all costs and expenses incurred b…

54-218. Acceptance of commissions and contingent fees. (1) A licensee may accept a commission or referral fee unless prohibited by this section. (a) A licensee shall not for a commission recommend or refer to a client any product or service, or for a commission recommend or refer…

54-219. License — Restriction, revocation, suspension or denial — Causes — Cost recovery — Administrative penalties. (1) After notice and opportunity for hearing in accordance with the provisions of chapter 52, title 67, Idaho Code, for cause shown, the board may revoke, suspend,…

54-220. Use of title — Valid license to practice. (1) No person shall assume or use the title or designation "certified public accountant" or "licensed public accountant" or any other title, designation, words, letters, abbreviations, sign, card or device tending to indicate that…

54-221. Issuance of a report. (1) Only licensees shall issue a report on the financial statements of any other person, firm, organization or governmental unit or offer to render or render any attest or compilation service, as defined herein. This prohibition does not apply to any…

54-222. Violation of chapter a misdemeanor. Any violation of any of the provisions of this chapter shall constitute a misdemeanor, and any person, corporation, partnership, proprietorship, member, firm or association of any kind or nature convicted thereof may be punished by a fi…

54-223. Injunction. Whenever any person, corporation, partnership, proprietorship, firm or association of any kind or nature violates any of the provisions of this chapter, the board, without regard to criminal prosecution, may maintain an action in the name of the state of Idaho…

54-224. Judicial review. Any person whose certificate or license shall be revoked or suspended or who is otherwise aggrieved by any final action of the board taken pursuant to section 54-219, Idaho Code, shall have the right to judicial review of such action in accordance with th…

54-225. Prosecuting attorney — Attorney general. It shall be the duty of the prosecuting attorney in each county to prosecute violations of this chapter occurring within the county. The attorney general shall act as legal adviser to the board; provided, however, the board may ret…

54-226. Inapplicability of chapter. (1) This chapter shall not be construed to prevent any person from rendering tax services, management advisory or consulting services, or from preparing financial statements without the expression of an opinion or an assurance. (2) This chapter…

54-227. Substantial equivalency. (1) A person whose principal place of business is not in this state and who has an active certificate and license as a certified public accountant from any state which the board has determined to be substantially equivalent to this chapter shall b…

54-228. Construction — Severability. The provisions of this chapter are hereby declared to be severable and if any provision of this chapter or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect th…