Iowa Administrative Code

or assume the title “licensed public accountant” or the abbreviation “LPA” or any other title, designation, words, letters, abbreviation, sign, card, or device tending to indicate that such person is a licensed public accountant. [ARC 7680C, IAB 3/6/24, effective 4/10/24; Editori…

1024.2(1) An individual desiring to take the examination to qualify for a license as a licensed public accountant should apply to the board’s test administrator. 1024.2(2) To be eligible to take the examination, the applicant needs to meet the conditions of Iowa Code section 542.…

542.8(1)“b”(2) as to a major in accounting have been met, the board will follow the provisions associated with a concentration in accounting outlined in rule 481—1023.3(542). [ARC 7680C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

be confirmed, the applicant needs to have an official transcript of credit issued by a recognized institution sent by the institution to the board’s test administrator at the time of application. [ARC 7680C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

1024.6(1) The board may use the examination prepared by the Accreditation Council for Accountancy and Taxation, without questions regarding auditing or attest functions. 1024.6(2) The board may use the grading services provided by the Accreditation Council for Accountancy and Tax…

examination, a candidate may take the required test subjects individually and in any order. Except as provided in rule 481—1023.7(542), credit for any subjects passed will be valid for 18 months from the actual date the candidate sat for the subject, without the candidate having …

for the certified public accountants’ examination as outlined in rule 481—1023.8(542) apply to a licensed public accountant examination candidate. [ARC 7680C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

provided by the rules concerning the refunding of examination fees to an examination candidate for a certified public accountant certificate outlined in rule 481—1023.10(542). [ARC 7680C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

1025.1(1) Licenses issued by the board pursuant to Iowa Code section 542.6, 542.8, or 542.19, or any other applicable law or rule, may be in active, inactive, or lapsed status, as follows: a. An initial license is issued in active status with an expiration date. Maintaining activ…

1025.2(1) The board typically sends, by electronic means, a notice to licensees in the May preceding license expiration, but neither the failure of the board to send nor a licensee’s failure to receive a renewal notice excuses the obligation to timely renew a license. 1025.2(2) A…

1025.3(1) Licenses expire on June 30 of each year. Licensees will submit electronic online renewal application by the deadline in the renewal year. An application is deemed filed on the date of electronic renewal. An annual renewal fee will be charged. 1025.3(2) Applicants for re…

1025.4(1) A license or certificate holder who fails to renew the certificate or license by the expiration date, but does so within 30 days following its expiration date, will be assessed a penalty as provided in rule 481—1032.1(542). 1025.4(2) If the holder fails to renew the cer…

granted by the board will, while it remains in the possession of the holder, be preserved by the holder but always remain the property of the board. In the event that the certificate or license is revoked or suspended, or is not renewed in the manner prescribed by Iowa Code chapt…

notify the board in writing of the licensee’s conviction of a crime within 30 days of the date of conviction. “Conviction” is defined in Iowa Code section 542.5(2). Licensees also have a duty to notify the board in writing within 30 days of the date of any issuance, denial, revoc…

1025.7(1) General purpose. This rule establishes a procedure under which a person issued a certificate as a certified public accountant or a license as a licensed public accountant may apply to the board for licensure in inactive status. Inactive licensure under this rule is avai…

1026.1(1) Only a CPA may perform audit, review, or other attest services as defined in Iowa Code section 542.3(1). 1026.1(2) Only an actively licensed attest-certified Iowa CPA or an out-of-state licensee exercising a practice privilege under Iowa Code section 542.20 may perform …

1026.2(1) A CPA who is responsible for supervising attest services or who signs or authorizes someone to sign the accountant’s report on behalf of a firm is obligated to have two years of full-time or part-time equivalent experience that extends over a period of no less than two …

1026.3(1) Attest qualification is necessary before a CPA may perform attest services in Iowa or for a client with a home office in Iowa. “Attest qualification” or “attest qualified” means that the CPA has satisfied the experience obligations of rule 481—1026.2(542). 1026.3(2) All…

1026.4(1) Only a CPA licensed by the board under Iowa Code section 542.6 or 542.19 or any other applicable law or rule; an LPA licensed by the board under Iowa Code section 542.8 or any other applicable law or rule; or a person exercising a practice privilege under Iowa Code sect…

1027.1(1) Except as provided in 481—Chapter 1040, a sole proprietorship, corporation, partnership, limited liability company, or any other form of organization is obligated to apply for a permit to practice as a firm of certified public accountants pursuant to Iowa Code section 5…

1027.2(1) All applications are submitted through the board’s online application process. The board will only process fully completed applications accompanied by the proper fee. Each application fee is nonrefundable. 1027.2(2) An initial or renewal application for a firm permit to…

requested by the board, including: 1027.3(1) The lawful name of the firm. 1027.3(2) The legal form and jurisdiction of the firm’s organization. 1027.3(3) Contact information for the principal place of business of the firm and each Iowa office. 1027.3(4) All jurisdictions in which…

1027.4(1) The permit holder will submit an electronic online renewal by the June 30 deadline each year. Applications are deemed filed on the date of electronic renewal. 1027.4(2) The permit holder will list on the renewal application all states in which the applicant has applied …

1027.5(1) A firm that fails to renew the permit by the expiration date, but does so within 30 days following the expiration date, will be assessed a penalty as provided in rule 481—1032.1(542). 1027.5(2) If the firm fails to renew the permit within the 30-day grace period outline…

writing within 30 days of an occurrence described in Iowa Code section 542.7(6). [ARC 7683C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

a firm to take such corrective action pursuant to Iowa Code section 542.7(7). [ARC 7683C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26] These rules are intended to implement Iowa Code chapters 17A, 272C and 542 and section 10A.506. [Filed 4/12/02, Notic…

1028.1(1) A sole proprietorship, corporation, partnership, limited liability company, or any other form of organization may apply for a permit to practice under Iowa Code section 542.8. 1028.1(2) The application may be completed and submitted through the online application proces…

by the June 30 deadline each year. Applications are deemed filed on the date of renewal. [ARC 7684C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

1028.3(1) A firm that fails to renew the permit by the expiration date, but does so within 30 days following the expiration date, will be assessed a penalty of 25 percent of the annual renewal fee. 1028.3(2) If the firm fails to renew the permit within the 30-day grace period out…

writing within 30 days in compliance with Iowa Code section 542.8(15). [ARC 7684C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26]

compliance with Iowa Code section 542.8 as a result of a change in firm ownership or personnel will take corrective action to bring the firm back into compliance as quickly as possible or apply to modify or amend the permit. The board may grant a reasonable period of time, usuall…

542.7(8). [ARC 7684C, IAB 3/6/24, effective 4/10/24; Editorial change: IAC Supplement 6/10/26] These rules are intended to implement Iowa Code chapters 17A, 272C and 542 and section 10A.506. [Filed and effective September 22, 1975 under ch 17A, C’73] [Filed 6/22/88, Notice 3/9/88…

as a CPA in another state or a substantially equivalent designation from a foreign jurisdiction may apply to the board for an Iowa CPA certificate and has to do so if the person plans to establish the person’s principal place of business as a CPA in Iowa. [ARC 7685C, IAB 3/6/24, …

the online application process. An applicant will attest that all information provided on the form is true and accurate. An application may be denied based on a false statement of material fact. A nonrefundable fee will be charged to each applicant as provided in 481—Chapter 1032…

1029.3(1) An applicant for a CPA certificate under this chapter will disclose on the application all background and character information requested by the board including, but not limited to: a. All states or foreign jurisdictions in which the applicant has applied for or holds a…

another state or states will submit verification that the applicant’s CPA certificate or license is valid and in good standing in the state in which the applicant’s principal place of business is located. An applicant applying for a CPA certificate under the substantial equivalen…

1029.5(1) A person who holds in good standing a valid CPA certificate or license from another state is deemed qualified for an Iowa CPA certificate if the person satisfies one of the following three conditions: a. Substantially equivalent state. The licensing standards on educati…

to all laws and rules governing persons holding CPA certificates issued in this state including, without limitation, those concerning continuing education, peer review, and notification of crimes and professional discipline. However, a person issued a CPA certificate under this c…

substantial equivalency provisions of Iowa Code section 542.19(1)“a” often desires expedited application processing to facilitate cross-border practice. Applications by such persons are especially suitable for rapid processing given the substantially equivalent standards previous…

481—100.1(99B), the following definitions apply to all qualified organizations where bingo is played: “Cash” means any legal tender of the United States. “Category” means the name given to a particular type of playing face to distinguish one from another. “Playing face” means the…

under Iowa law. This rule is intended to implement Iowa Code section 725.12. [ARC 9152C, IAB 4/30/25, effective 6/4/25]

meet the following criteria: 103.11(1) Equipment will be owned by the licensed organization or borrowed from another qualified organization. Use of equipment for which the licensed organization pays consideration directly or indirectly under the guise of a service charge is not a…

the department for review upon request. The following records are required: 103.12(1) The daily bingo summary (Table A—end of chapter), including: a. The name of each worker; b. The social security number of paid workers; c. Compensation of any worker; d. The number of players pr…

checking account established within one day of attaining $10,000 and as provided in Iowa Code section 99B.21(4). 103.13(1) Bingo receipts shall be deposited as provided in Iowa Code section 99B.21(4). Interest earned on deposits in a bingo checking or savings account shall be tre…

103.14(1) Bingo savings account. When an organization places bingo receipts in any savings account, bingo funds shall be separate and recognizable from all other funds of the same organization. All funds in a bingo savings account shall be transferred into that account from a bin…

103.15(1) Each organization conducting bingo shall submit a report to the department as set forth in Iowa Code section 99B.16(3). When the due date is on Saturday, Sunday, or a legal holiday, the report is due the next business day. 103.15(2) Annual gambling reports may be comple…