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Fees, Applications, Requirements, Procedures, And P.c.'s


Published: 2015

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The Oregon Administrative Rules contain OARs filed through November 15, 2015

 

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BOARD OF ACCOUNTANCY





 

DIVISION 10
FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S

801-010-0010
Fees, Civil Penalties and Cost Recovery
For the purpose of ORS 673.010 to 673.455
and 297.670 to 297.740, the Board of Accountancy shall charge the following fees:
(1) Application fees. All application fees are non- refundable.
(a) CPA Examination:
(A) Initial Examination —
$150.
(B) Re-Examination — $50
(b) CPA or PA License —
$225.
(c) Municipal Auditor Roster
Application — $150.
(d) Reinstatement application
fee — $225.
(2) Initial license and registration
fees:
(a) Initial CPA or PA License
— $255.
(b) Municipal Auditor —
$150.
(c) Firm Registration —
$265.
(3) Biennial renewal application
fees:
(a) Active CPA or PA License
— $255.
(b) Inactive CPA or PA —
$50.
(c) Municipal Auditor —
$150.
(d) Firm Registration —
$265.
(e) Retired License —
$50.
(4) Late renewal penalty
fees:
(a) Active CPA or PA License
— $255.
(b) Inactive CPA and PA —
$50.
(c) Municipal Auditor Late Fee
— $150.
(d) Firm Registration —
$265.
(e) Retired License —
$50.
(5) Miscellaneous fees:
(a) Copies of existing mailing
lists may be provided for a fee equal to the amount necessary to prepare each list,
including the cost of materials, if any, and the cost of staff time.
(b) Municipal Auditor lists
shall be provided at no charge to municipal entities that are subject to audit law.
(c) Copies of records made on
a standard office copy machine may be charged.(d) Staff time required to research,
locate, produce, summarize or otherwise provide records may be charged.
(6) Civil Penalties assessed
for Specific Violations:
(a) Failure to provide change
of address in 30 day — $100.
(b) Failure to renew firm registration
by January 31 — $500.
(c) Failure to respond to Notice
of CPE audit and all follow-up in 21 days — $250.
(d) Failure to respond to Notice
of Peer Review Audit in 21 days — $1000.
(7) Cost Recovery:
(a) The Board may recover costs
associated with a contested case hearing in which the Board has prevailed. The following
costs may be included in cost recovery:
(A) Attorney General Fees.
(B) Administrative Hearing Costs.
(C) Cost of Investigation.
(D) Expert Witness Fees.
(E) Costs of Appeal.
(8) Form of Payment:
(a) Checks or money orders shall
be made payable to “Oregon Board of Accountancy”.
(b) Credit card payments may
be submitted in person, by mail, online or by fax. Any credit card that is rejected
by the bank and requested to be confiscated will be retained and returned to the
bank. All payments by credit card that are rejected must be paid in full by a check
or money order within ten days from notification of rejection. All payments received
after Board deadlines, including, but not limited to payments for renewals, applications
and civil penalties, will be considered late and a late penalty will be assessed.
Stat. Auth.: ORS 670.310, 673.040, 673.060,
673.100, 673.150, 673.160, 197.720 & 673.153

Stats. Implemented: ORS 673,
297 & 192.440

Hist.: 1AB 10, f. 2-7-63;
1AB 14, f. 8-15-68; 1AB 20, f. 10-22-71, ef. 11-15-71; 1AB 34, f. 1-29-74, ef. 2-25-74;
1AB 41, f. & ef. 12-2-76; 1AB 44, f. & ef. 3-31-77; 1AB 48, f. & ef.
7-21-77; 1AB 6-1978, f. & ef. 6-22-78; 1AB 7-1981, f. & ef. 7-27-81; 1AB
2-1983, f. & ef. 9-20-83; AB 3-1988, f. & cert. ef. 6-9-88; AB 2-1989, f.
& cert. ef. 1-25-89; AB 4-1991, f. & cert. ef. 7-1-91; AB 4-1994, f. &
cert. ef. 9-27-94; AB 1-1995, f. & cert. ef. 1-25-95; AB 5-1995, f. & cert.
ef. 8-22-95; AB 1-1996, f. & cert. ef. 1-29-96; AB 1-1997, f. & cert. ef.
1-28-97; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 6-1998, f. & cert. ef. 7-29-98;
BOA 7-1998(Temp), f. & cert. 7-29-98 thru 1-25-99; BOA 8-1998, f. & cert.
ef. 10-22-98; BOA 4-1999, f. & cert. ef. 7-23-99; BOA 6-1999, f. 12-21-99, cert.
ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 4-2004, f. 12-30-04,
cert. ef. 1-1-05; BOA 2-2006, f. 12-22-06, cert. ef. 1-1-07; BOA 2-2008, f. 12-30-08,
cert. ef. 1-1-09; BOA 3-2009, f. 12-15-09, cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10,
cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 2-2014, f. 12-15-14,
cert. ef. 1-8-15; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-010-0040
CPA and PALicenses Remain
Property of the Board
Every license of Certified Public
Accountant or Public Accountant, while it is in the possession of the holder, shall
be preserved by the holder, but such license shall nevertheless remain the property
of the Board. In the event that the license is revoked in the manner prescribed
by law, the holder is required to deliver the license to the Board immediately upon
demand.
Stat. Auth.: ORS 670.310

Stat. Implemented: ORS 673.410

Hist.: 1AB 9, f. 6-24-60; 1AB
41, f. & ef. 12-2-76; AB 4-1994, f. & cert. ef. 9-27-94; BOA 6-1999, f.
12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2011,
f. 12-28-11, cert. ef. 1-1-12
801-010-0045
Uniform Certified Public Accountant Exam
CPA exam rules. The Board Recognizes the
rules of conduct for CPA examination candidates as published in the Candidate Bulletin.
The Board may deny credit for any or all sections of the exam and may prohibit candidates
from retaking the exam for any of the following reasons:
(1) Conduct that violates the
CPA Examination Rules of Conduct,
(2) Violation of the confidentiality
provisions of the CPA Examination Rules of Conduct, which shall result in denial
of credit for the candidate's scores on the CPA exam and the candidate shall be
prohibited from retaking the CPA exam for a period of ten years.
Stat. Auth.: ORS 670.310 & 673.060
Stat. Implemented: ORS 673.060
& 673.410
Hist.: BOA 4-2001, f. 12-28-01,
cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03
cert. ef. 1-1-04; BOA 2-2014 f. 12-15-14, cert. ef. 1-8-15
801-010-0050
Application for Uniform CPA Examination
(1) Definitions.
(a) Authorization to Test (ATT):
Issued by the Board of Accountancy to eligible exam candidates to authorize the
candidate to test for specified sections of the CPA exam. The ATT may be issued
for one or more CPA exam sections. Each ATT authorizes the candidate to take each
CPA exam section designated in the ATT one time only. The ATT may become expired
as to one exam section named in the ATT, and remain valid as to other specified
exam sections. The candidate must submit an application and re-examination fee to
the Board of Accountancy for any exam section that is expired under the ATT or to
retake any section of the CPA Exam not passed.
(b) Notice to Schedule (NTS):
Issued by NASBA and enables the candidate to schedule testing at an examination
test center. The NTS must remain open until the candidate schedules testing or until
six months have elapsed since the NTS was issued, whichever occurs first.
(c) Testing Center: Board approved
computer testing facilities, at which candidates may take the CPA examination, are
listed on the Board website.
(d) Testing Opportunity: Each
testing window is considered a testing opportunity. There are four testing opportunities
per year. A candidate may test for a particular section only once per testing window.
A candidate may not retake a failed test section(s) in the same testing window.
(e) Testing Windows: The testing
window is comprised of two months in which the examination is available to be taken
and one month in which the examination will not be offered so that exam sections
can be graded and maintenance may be performed.
(2) Applications.
(a) Applications for the CPA
exam must be submitted on a form provided by the Board and must be accompanied by
the appropriate fee. The act of filing an application for the CPA exam constitutes
an agreement by the candidate to observe and comply with the CPA Exam rules adopted
by the Board.
(b) An application will not
be reviewed until the application fee and all required supporting documents have
been received, including proof of identity (as determined by the Board and specified
on the application form), official transcripts and/or evaluation of foreign credentials
from NASBA International Evaluation Services (NIES) and evidence that the candidate
has met eligibility requirements.
(c) All foreign academic credentials
submitted as evidence of eligibility for the CPA exam are required to be evaluated
by NASBA International Evaluation Services (NIES).;
(d) An application for the CPA
examination must be complete in every particular within 3 months from the date it
is received at the Board office. If an application is incomplete, the candidate
will be found ineligible and the file will be closed. A candidate whose file has
been closed as described herein is required to submit a new application, application
fee and all required documents.
(e) Candidates shall pay the
CPA exam application fee designated in OAR 801-010-0010 to the Board. All other
fees associated with the CPA exam are required to be paid to NASBA. All CPA exam
fees are non-refundable. If a candidate fails to appear for a scheduled testing
at an approved test center, all fees paid will be forfeited for the examinations
scheduled on that day.
(f) At the time of application
and during the time any ATT issued by the Oregon Board of Accountancy is open, the
candidate must not have an open ATT for the same section in any other state or jurisdiction.
(g) The candidate must certify
at the time of application that he or she is in compliance with subsection (f) of
this rule. Falsifying this certification or including any false, fraudulent, or
materially misleading statements on the application for the examination, or including
any material omission on the application for the examination is cause for disciplinary
action under ORS 673.170.
(h) The Board or its designee
will forward authorization to test (ATT) for the computer-based CPA exam to the
candidate and to the NASBA National Candidate Database once eligibility is determined.
(i) The Board will offer a candidate
the opportunity to voluntarily disclose the candidate’s social security number
to the Board so that the Board may provide the social security number to NASBA for
identification purposes.
(3) Eligibility under education
requirements. Candidates for admission to the CPA exam applying under the educational
requirements of ORS 673.050(1)(a) must demonstrate eligibility as follows:
(a) 150 Hour rule: Satisfactory
evidence that the candidate has successfully completed 150 semester hours or 225
quarter hours, including:
(A) A baccalaureate or higher
degree from a regionally accredited college or university as described in ORS 673.050(1)(a);
(B) A minimum of 24 semester
hours or 36 quarter hours, or the equivalent thereof, in the study of accounting.
For candidates applying on or after June 30, 2017, these hours must be upper-division
courses. Principles and introductory courses cannot be used to meet this requirement;
and
(C) A minimum of 24 semester
hours or 36 quarter hours in accounting or related subjects. Related subjects are
defined as business, finance, economics, and written and oral communication.
(D) Credit for community college
courses. Applicants who have earned a baccalaureate or higher degree from a regionally
accredited college or university may obtain additional hours from a community college,
if such hours would be transferable to an accredited college or university.
(E) Applicants applying on or
after June 30, 2017: Internship courses are limited to a maximum of 4 semester hours
or 6 quarter hours.
(b) Evidence of eligibility.
Candidates must meet all requirements under this rule at the time of application.
Satisfactory evidence of the educational requirement may be provided in the following
manner:
(A) Candidates who have completed
all course requirements and been awarded a baccalaureate or higher degree must provide
an official transcript(s) demonstrating successful completion of all courses required
under these rules, and that a degree was awarded.
(B) Candidates who have completed
all course requirements at the time of application, but for whom a baccalaureate
degree has not yet been awarded must provide an official transcript(s) showing successful
completion of all courses required under these rules, together with a letter from
the Registrar's Office of the college or university stating that the candidate has
met the degree requirements and the date that the degree will be awarded.
(C) Only official transcripts
that are forwarded directly to the Board office by the issuing college or university
will be accepted.
(D) Colleges or universities,
which are accredited by one of the six regional accrediting associations and listed
as accredited in the Directory of Post-secondary Institutions, published by the
National Center for Education Statistics, are recognized by the Board.
(4) Eligibility under experience
standards. Candidates for the CPA exam who are applying under the experience
requirements of ORS 673.050(2) to be licensed as a Public Accountant must submit
satisfactory evidence that:
(a) The candidate graduated
from a high school with a four-year program, or the equivalent; and
(b) The candidate completed
two years of experience in public accountancy or the equivalent satisfactory to
the Board that meets the requirements of OAR 801-010-0100(2) and 801-010-0065(2).
(c) Returning candidates after
January 1, 2002 who were eligible to take two sections of the CPA Exam under provisions
of ORS 673.100 in effect prior to January 1, 2002, are required to sit for at least
one exam section in any two testing windows each year in order to maintain eligibility
under those requirements.
(5) Authorization to Test
and Notice to Schedule.
(a) An ATT authorizes the candidate
to test one time for those sections of the CPA exam that are specified in the ATT.
An ATT is effective for six months from the date on which the corresponding NTS
is issued or until the NTS expires, whichever occurs first; however, the ATT will
expire ninety (90) days after it is issued if the candidate has not paid the appropriate
fees to NASBA.
(b) Expiration of the ATT. Authorization
to take a specified exam section will expire on any of the following events:
(A) When the candidate schedules
and takes a designated exam section;
(B) If the candidate schedules
a testing date for a designated exam section but fails to appear and take the section
at the scheduled time;
(C) If the candidate fails to
schedule a designated exam section within the six-month period defined by the NTS;
or
(D) If the candidate fails to
request an NTS and pay the appropriate fees to NASBA within 90 days of the date
the ATT is issued.
(c) Suspension of the ATT. An
ATT may be suspended by the Board of Accountancy based on a report from NASBA that
a problem related to the candidate is identified on the National Candidate Database,
or for other good cause as determined by the Board.
(d) Payment of CPA Exam testing
fees. To obtain a Notice to Schedule (NTS), the candidate must remit the CPA exam
testing fees required for the CPA exam sections specified in the ATT to NASBA within
ninety (90) days from the date the ATT is issued. Failure to remit the required
fees and obtain the NTS will cause the ATT to expire, and the candidate must submit
a re-examination application to the Board, with the appropriate CPA exam fee, to
receive another ATT.
(e) NTS. When the candidate
receives an ATT from the Board, the candidate is required to:
(A) Submit to NASBA payment
of all fees related to testing of the CPA exam sections authorized by the ATT;
(B) Upon receipt of the NTS,
contact an approved test center to schedule the time and place for testing of the
exam sections authorized by the NTS. CPA exam sections do not have to be scheduled
on the same date.
(C) The NTS remains valid for
each exam section until the candidate schedules testing for that specific section,
or for six months from the date the NTS was issued, whichever occurs first.
(D) The NTS expires as to each
individual exam section when the candidate schedules testing for that section, whether
or not the candidate appears at the scheduled testing appointment.
(f) Testing.
(A) A candidate may schedule
testing at an approved testing center in Oregon or in another jurisdiction. A list
of approved testing centers is on the Board of Accountancy website.
(B) Candidates must comply with
the procedures and rules of the test center.
(g) Re-examination. A completed
re-examination application and payment of the appropriate fee to the Board of Accountancy
is required:
(A) To retake any exam section
that the candidate does not pass;
(B) To obtain an NTS for any
exam section that the candidate failed to schedule during the six-month period for
which a previous NTS was issued;
(C) To obtain an NTS for any
exam section for which the candidate failed to obtain an NTS during the ninety (90)
day period after the date the ATT was issued.
Stat. Auth.: ORS 670.310, 673.050 &
673.100

Stats. Implemented: ORS 673.050,
673.100 & 673.410

Hist.: 1AB 10, f. 2-7-63;
1AB 14, f. 8-15-68; 1AB 20, f. 10-22-71, ef. 11-15-71; 1AB 34, f. 1-29-74, ef. 2-25-74;
1AB 41, f. & ef. 12-2-76; 1AB 44, f. & ef. 3-31-77; 1AB 48, f. & ef.
7-21-77; 1AB 6-1978, f. & ef. 6-22-78; 1AB 7-1981, f. & ef. 7-27-81; 1AB
2-1983, f. & ef. 9-20-83; AB 3-1988, f. & cert. ef. 6-9-88; AB 2-1989, f.
& cert. ef. 1-25-89; AB 4-1991, f. & cert. ef. 7-1-91; AB 4-1994, f. &
cert. ef. 9-27-94; AB 1-1995, f. & cert. ef. 1-25-95; AB 5-1995, f. & cert.
ef. 8-22-95; AB 1-1996, f. & cert. ef. 1-29-96; AB 1-1997, f. & cert. ef.
1-28-97; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 6-1998, f. & cert. ef. 7-29-98;
BOA 7-1998(Temp), f. & cert. 7-29-98 thru 1-25-99; BOA 8-1998, f. & cert.
ef. 10-22-98; BOA 4-1999, f. & cert. ef. 7-23-99; BOA 6-1999, f. 12-21-99, cert.
ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 1-2004(Temp), f.
& cert. ef. 3-15-04 thru 7-1-04; BOA 2-2004(Temp), f. & cert. ef. 7-2-04
thru 12-29-04; BOA 4-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 7-2005, f. 11-22-05,
cert. ef. 1-1-06; BOA 2-2006, f. 12-22-06, cert. ef. 1-1-07; BOA 2-2008, f. 12-30-08,
cert. ef. 1-1-09; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11,
cert. ef. 1-1-12; BOA 1-2014, f. 2-14-14, cert. ef. 3-1-14; BOA 2-2014, f. 12-15-14,
cert. ef. 1-8-15; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-010-0060
Credit for Uniform CPA Examination Sections
(1) Exam section requirements.
(a) A candidate may sit for
any of the four sections of the computer-based CPA exam individually and in any
order. A candidate who fails to pass any section of the exam may retake that section;
however, a candidate may not retake a failed section more than once in any testing
window.
(b) Candidates who are eligible
under ORS 673.050(2) (2001 Edition) to take the CPA exam as a public accountant
candidate are required to take and pass the following three sections of the CPA
exam: Financial Accounting and Reporting, Regulation, and Business Environment &
Concepts.
(2) Credit for CPA exam sections.
(a) Passing Grade. The passing
grade for all sections of the exam is 75
(b) Credit for Computer Based
CPA Exam. Upon implementation of the computer based CPA exam, a candidate may take
the required exam sections individually and in any order. Credit for any exam section(s)
passed are valid for eighteen (18) months from the actual date the candidate took
that section(s), without having to attain a minimum score on any failed section
and without regard to whether the candidate has taken other exam sections provided
that:
(A) Candidates must pass all
four sections of the CPA exam within a rolling eighteen month period, which begins
on the date of the first section is passed;
(B) Upon passing any CPA exam
section, the passing date of that section is the date the candidate took the section;
and
(C) Candidates who do not pass
all sections of the CPA exam within the rolling eighteen month period lose credit
for any section passed outside the eighteen month period and that section must be
retaken.
(c) The Board may extend the
period for conditional credit for an exam section upon demonstration by the candidate
that the credit was lost because of circumstances beyond the candidate’s control.
(d) The time limitations for
a candidate to complete all sections of the CPA exam may be extended by the Board
because of illness, accident or other exigent circumstance, and shall be extended
during the time a candidate is in active military service.
(3) Transfer of CPA exam scores
from other jurisdictions. The Board allows the transfer of CPA exam scores and may
grant credit to a candidate who has successfully completed any section of the CPA
exam in another jurisdiction if the Board determines that:
(a) The examination for which
credit is requested is the Uniform Certified Public Accountant Examination;
(b) The candidate received a
grade of 75 or higher in the section passed; and
(c) A candidate who first sat
for the CPA exam, after January 1, 2000, and met the 150 hour educational requirement
at the time the section was taken and passed for which grades are requested to be
transferred.
[ED. NOTE: Tables referenced are available
from the agency.]
Stat. Auth.: ORS 670.310
& 673.410
Stats. Implemented: ORS 673.050,
673.060 & 673.075
Hist.: 1AB 12, f. 3-30-65;
1AB 14, f. 8-15-68; 1AB 16, f. 1-30-70, ef. 2-25-70; 1AB 19, f. 10-22-71, ef. 11-15-71;
1AB 21, f. 3-2-72, ef. 3-15-72; 1AB 30, f. 9-18-73, ef. 10-1-73; 1AB 35, f. 10-29-74,
ef. 11-25-74; 1AB 36, f. 1-28-75, ef. 2-25-75; 1AB 40, f. & ef. 5-5-76; 1AB
41, f. & ef. 12-2-76; 1AB 43, f. & ef. 3-31-77; 1AB 2-1978, f. & ef.
3-21-78; 1AB 11-1978, f. & ef. 12-1-78; 1AB 3-1979, f. & ef. 12-21-79; 1AB
2-1980, f. & ef. 4-8-80; 1AB 3-1980, f. 10-23-80, ef. 12-1-80; 1AB 5-1981, f.
& ef. 7-27-81; 1AB 6-1981, f. & ef. 7-27-81; 1AB 3-1982, f. & ef. 4-20-82;
1AB 2-1984, f. & ef. 5-21-84; 1AB 3-1984, f. 12-19-84, ef. 1-1-85; AB 4-1991,
f. & cert. ef. 7-1-91; AB 1-1994, f. & cert. ef. 1-21-94; AB 3-1994, f.
& cert. ef. 8-10-94; AB 4-1994, f. & cert. ef. 9-27-94; AB 5-1995, f. &
cert. ef. 8-22-95; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 6-1999, f. 12-21-99,
cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 4-2004, f. 12-30-04,
cert. ef. 1-1-05; BOA 3-2009, f. 12-15-09, cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10,
cert. ef. 1-1-11; BOA 2-2014 f. 12-15-14, cert. ef. 1-8-15
801-010-0065
Qualifications for Licensure
(1) Requirements. Applicants for the license
of Certified Public Accountant must meet the following requirements:
(a) Complete and pass all sections
of the CPA exam
(b) Complete and pass an ethics
exam that has been adopted by the Board; and
(c) Have a minimum of 12 months
of full-time employment or a total of 2,000 hours of part-time employment;
(A) One hundred sixty seven
(167) hours of part-time experience is equivalent to one month.
(d) Applicants for the CPA license
must obtain the experience competencies as described in sections (2) through (4)
of this rule and a minimum of 12 months full-time employment or a total of 2,000
hours of equivalent part-time employment.
(2) Experience Requirements:
(a) “Supervisor licensee”
is a person who qualifies under this rule as a supervisor for the purpose of verifying
the experience requirement of an applicant for a CPA license under OAR 801-010-0065
or the experience requirement of an applicant for a public accountant license under
801-010-0100.
(b)(A) To qualify as a supervisor
licensee the person providing supervision must hold an active CPA license issued
by any state or a PA license issued under ORS 673.100 during the period of supervision
and for at least five of the past seven years immediately prior to such supervision.
(B) Notwithstanding subset (2)(b)
above, a public accountant (PA) may not act as a supervising licensee or verify
an applicant’s experience relating to attestation services.
(c) A licensee who provides
direct supervision over an applicant must act as supervisor licensee and shall certify
to the Board whether or not the applicant has gained qualifying experience under
this rule.
(d)(A) “Direct supervision”
as used in this rule means that there is a regular and meaningful interaction between
the supervisor licensee and the person being supervised in terms of planning, coordinating,
guiding, inspecting, controlling, and evaluating activities, and having authority
over the employee being supervised.
(B) A licensee acting as a consultant
or independent contractor to the applicant’s employer will not meet the requirement
of direct supervision.
(e) The experience required
under ORS 673.040 consists of activities generally performed by Oregon licensed
CPAs and PAs engaged in public practice. Typical public practice experience includes
attestation services, tax return preparation, financial advisory services and/or
compliance and internal control evaluation. Experience obtained while performing
financial advisory services or tax advisory services must be performed while employed
at a public accounting firm.
(3) Experience portfolio. The
applicant must develop a portfolio that demonstrates to the satisfaction of the
Board that the applicant has achieved each of the following competencies, together
with the supervisory licensee verification.
(a) Understanding of the Code
of Professional Conduct promulgated and adopted by the Board;
(b) Ability to assess the achievement
of a client's objectives by demonstrating knowledge of various business organizations,
understanding of the objectives and goals of business entities, ability to develop
and analyze performance measures and critical success factors, and understanding
of the economic and regulatory trends that affect the environment of a business
entity.
(c) Experience in preparing
working papers that include sufficient relevant data to support the analysis and
conclusions required by the applicant's work.
(d) Understanding transaction
streams and information systems, including the ability to understand how individual
transactions aggregate at the organizational level, to infer how transactions impact
the organization as a whole, and to evaluate the integrity and reliability of various
client information systems, including relevant computer aspects.
(e) Skills in risk assessment
and verification demonstrated by a sufficient understanding of accounting and other
information systems to:
(A) Assess the risk of misstatement
in an information system;
(B) Obtain sufficient relevant
data based on the risk of misstatement and the nature of the engagement to determine
the appropriateness of underlying data in terms of its completeness, existence and
occurrence, valuation and allocation, rights and obligations, presentation and disclosures.
(f) Skills in decision making,
problem solving, critical analytical thinking including the ability to evaluate
and interpret sufficient relevant data in a variety of engagements and settings.
For example, the candidate must evaluate a client's cash flow, profitability, liquidity,
solvency, operating cycle, achievement of management's plans, accomplishment of
service efforts and systems reliability.
(g) Ability to express scope
of work, findings and conclusions including the ability to determine the appropriateness
of reports on financial statements, system reliability, or reports expressing scope
of work, findings and conclusions.
(4) Qualifying experience. An
applicant must demonstrate to the satisfaction of the Board that the portfolio of
experience submitted is of sufficient quality and diversity to meet the requirements
of this rule. Qualifying experience may be obtained in the following categories:
(a) Attest. Experience that
demonstrates the competencies prescribed in section (3) of this rule must be obtained
while the applicant is:
(A) Employed in public practice
on the staff of a certified public accountant or a firm of certified public accountants;
(B) Employed in an organization
where employment is equivalent to that described in paragraph (4)(a)(A) of this
rule if a peer review is conducted or if such employment is with audit agencies,
internal audit departments or other organizations where a peer review is conducted
and the audit agency, internal audit department, or other organization is independent
of the entity.
(C) Experience under this subsection
must include:
(i) Conducting attest-oriented
functions where third party reliance is an objective of the report;
(ii) Preparing opinions in accordance
with professional standards;
(iii) Preparing financial statements
with footnotes to generally accepted accounting principles or other comprehensive
bases of accounting; and
(iv) Accounting and review services.
(D) "Third party reliance" as
used in this rule means:
(i) Actual third party reliance,
such as takes place with respect to the reader of financial statements upon which
an audit opinion has been rendered by a public accountant licensed in Oregon or
a certified public accountant;
(ii) Audits performed by government
agencies, including tax authorities, on organizations which are not subject to management
control by the auditing agency; or
(iii) Financial audits performed
by independent working groups where the purpose of the audit is reliance by the
board of directors on the fairness of the presentation of internally generated financial
statements in accordance with generally accepted accounting principles or other
comprehensive bases of accounting.
(E) Attest experience will be
evaluated on a case-by-case basis to ensure that experience meets the criteria of
subsections (3)(a) through (g).
(b) Tax. Experience that demonstrates
the competencies prescribed in section (3) of this rule must be obtained while the
applicant is:
(A) Employed in public practice
on the staff of a public accountant, a certified public accountant or a firm of
public accountants or certified public accountants;
(B) Engaged in employment that
is equivalent to that described in paragraph (4)(b)(A) of this rule including internal
tax departments.
(C) Tax experience related to
subsection (3)(a) of this rule will include the practice of tax with integrity,
objectivity, independence, professional judgment, due professional care and professional
skepticism.
(D) Tax experience related to
subsection (3)(b) of this rule will be in the context of federal and state tax law,
federal and state tax regulation, judicial precedence and other technical tax sources
applied to a variety of taxable and nontaxable business entities, non-business entities,
individuals, families, estates and trusts.
(E) Tax experience related to
subsection (3)(c) of this rule will be in the context of records that are clearly
organized, complete, cross-referenced and with adequate documentation and support
for positions taken or proposed within the context of federal and state tax law,
federal and state tax regulations, judicial precedence and other technical tax sources.
(F) Tax experience related to
subsection (3)(d) of this rule will be in the context of the application of tax
law to various types of transactions both individually and in the aggregate and
both actual and proposed.
(G) Tax experience related to
subsection (3)(e) of this rule will be in the context of the evaluation of the reasonableness
of data provided by clients and the sufficiency and adequacy of the data to support
reasonable tax positions and conclusions.
(H) Tax experience related to
subsection (3)(f) of this rule will be in the context of identifying tax issues,
researching technical guidance, choosing appropriate courses of action and proposing
solutions.
(I) Tax experience related to
subsection (3)(g) of this rule will be in the context of researching and preparing
supporting documents for technical tax positions.
(J) Tax experience will be evaluated
on a case-by-case basis to ensure that experience meets criteria of subsections
(3)(a) through (g).
(c) Industry accountancy. Experience
that demonstrates the competencies described in section (3) of this rule may also
be obtained while the applicant is employed under the direct supervision of a public
accountant or certified public accountant as provided under this rule.
(A) Industry experience related
to subsection (3)(a) of this rule, will include the practice of accountancy with
integrity, objectivity, independence, professional judgment, due professional care
and professional skepticism.
(B) Industry experience related
to subsection (3)(b) of this rule, will be in the context of assessing the objectives
and goals, performance measures, critical success factors and the economic and regulatory
trends affecting the applicant’s company and industry.
(C) Industry experience related
to subsection (3)(c) will be in the context of documenting an analysis of a financial
accountancy issue affecting the applicant’s company from the collection and
summarization of financial data to the identification of alternative conclusions
such that others of equal training and experience can trace information to source
data and draw similar conclusions.
(D) Industry experience related
to subsection (3)(d) of this rule will be in the context of evaluating an accounting
system within the applicant’s company, performing internal control and substantive
testing (analytical procedures, technical research and conclusion), and providing
a written conclusion on the reasonableness of the procedures conducted, specific
controls that were missing or ineffective, and the measures taken to corroborate
data accuracy and conclusions drawn.
(E) Industry experience related
to subsection (3)(e) of this rule will be in the context of evaluating risks of
misstated financial data within the applicant’s company and performing tests
to substantiate data accuracy.
(F) Industry experience related
to subsection (3)(f) of this rule will be in the context of identifying significant
data trends and the impact of the trends on the applicant’s company on both
a short and long term basis.
(G) Industry experience related
to subsection (3)(g) of this rule will be in the context of both written and oral
presentation of financial information and related accounting conventions within
the applicant’s company that include the significance of the financial information,
applicable accounting rules and consideration of alternatives and conclusions drawn.
(d) Experience, other than experience
described in subsections (4)(a), (b), and (c) of this rule will be evaluated by
the Board on a case-by-case basis to ensure that experience meets the criteria of
subsections (3)(a) through (g).
(5) Submitting applications
to the Board.
(a) An applicant’s file
must be complete in every particular within three months of the date of application
or the file will be closed and the license fee will be refunded. The application
fee is not refundable.
(b) An applicant's file may
be included on the agenda of any meeting of the Board if the file is complete in
every particular no less than seven days prior to the date of a scheduled Board
meeting.
Stat. Auth.: ORS 670.310 & 673.410

Stats. Implemented: ORS 673.040

Hist.: 1AB 3-1984, f. 12-19-84,
ef. 1-1-85; AB 2-1988, f. 3-31-88, cert. ef. 3-30-88; AB 7-1989, f. & cert.
ef. 9-11-89; AB 1-1991, f. & cert. ef. 1-2-91; AB 4-1991, f. & cert. ef.
7-1-91; AB 2-1993, f. 1-14-93, cert. ef. 1-15-93; AB 4-1994, f. & cert. ef.
9-27-94; AB 1-1995, f. & cert. ef. 1-25-95; AB 5-1995, f. & cert. ef. 8-22-95;
AB 3-1997, f. & cert. ef. 6-5-97; BOA 1-1998, f. & cert. ef. 1-26-98; BOA
3-1998, f. & cert. ef 6-16-98; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 9-1998,
f. & cert. ef. 11-10-98; BOA 1-1999, f. & cert. ef. 1-20-99; BOA 3-1999,
f. & cert. ef. 3-26-99; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2000,
f. 8-30-00, cert. ef. 9-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002,
f. 12-27-02, cert. ef. 1-1-03; BOA 4-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 2-2006,
f. 12-22-06, cert. ef. 1-1-07; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011,
f. 12-28-11, cert. ef. 1-1-12; BOA 2-2014, f. 12-15-14, cert. ef. 1-8-15; BOA 1-2015,
f. 9-30-15, cert. ef. 10-1-15
801-010-0073
Certification of Applicant’s
Experience
(1) Requirement to provide verification
of experience.
(a) An applicant is responsible
for providing to the Board, written documentation of their experience, including
descriptions and examples for each competency. The applicant’s supervisor
licensee is required to verify the written documentation prepared by the applicant,
in a format prescribed by the Board.
(b) A supervisor licensee who
submits a certification of experience must maintain the Competency Evaluation worksheet
for a period of three years after the applicant's license is issued.
(c) A supervisor licensee must
not commit any act, which unjustly jeopardizes an applicant's ability to obtain
a license in this or any jurisdiction.
(2) Cooperation of supervisor
licensee. A supervisor licensee who has verified the documentation and evidence
of an applicant's experience must provide full cooperation with any Board inquiry
pertaining to such certification.
(a) The supervisor licensee
must respond in writing to any request for further information from the Board including,
but not limited to, the following:
(A) Description of any disagreement
between an applicant and the supervisor licensee as to dates, quality, and/or type
of work performed;
(B) Explanation regarding a
certificate of experience submitted to the Board for which the period of experience
appears to be unduly short for achievement of the competencies;
(C) Verification, on a sample
basis, of information submitted by an applicant or attested thereto on a certificate
of experience;
(D) Explanation regarding questions
based on the Board's reasonable belief that the information in the certificate of
experience may be false or incorrect; or
(E) Explanation regarding the
basis of refusal, if any, for which the supervisor licensee declines to submit evidence
of an applicant's experience to the Board or to the licensing agency of another
jurisdiction.
(b) The supervisor licensee
must cooperate with any inspection, by the Board or by its representative, of documentation
relating to an applicant's claimed experience. The inspection may, at the option
of the Board, be made at the Board's offices or such other places as the Board may
designate. A licensee or audit agency or group who has custody of the documentation
must produce the required documentation upon request.
Stat. Auth.: ORS 670.310 & 673.040
Stats. Implemented: ORS 673.040
Hist.: 1AB 3-1984, f. 12-19-84,
ef. 1-1-85; 1AB 3-1986, f. & ef. 11-17-86; AB 4-1994, f. & cert. ef. 9-27-94;
AB 1-1997, f. & cert. ef. 1-28-97; BOA 1-1998, f. & cert. ef. 1-26-98; BOA
6-1998, f. & cert. ef. 7-29-98; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA
2-2000, f. & cert. ef. 5-31-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA
3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12;
BOA 2-2014 f. 12-15-14, cert. ef. 1-8-15
801-010-0075
Public Accountants Applying for Certificate
of Public Accountancy
A public accountant licensed in Oregon
who is applying for a certified public accountant license must:
(1) Hold an active public accountant
license issued under ORS 673.100 that is not revoked, suspended, on probation or
lapsed;
(2) Present satisfactory evidence
that the candidate has successfully completed 150 semester hours or 225 quarter
hours, including:
(a) A baccalaureate or higher
degree from an accredited college or university as described in ORS 673.050(1)(a)
(b) A minimum of 24 semester
hours or 36 quarter hours, or the equivalent thereof, in the study of accounting;
and
(c) A minimum of 24 semester
hours or 36 quarter hours in accounting and or related subjects. Related subjects
are defined as business, finance, economics, and written and oral communication.
(3) Successfully complete all
sections of the CPA exam. Credit may be received for sections of the CPA exam previously
completed, and not expired, if the requirements of OAR 801-010-0060 are satisfied;
and
(4) Satisfy the experience requirements
under ORS 673.040 and OAR 801-010-0065.
(5) The experience and examination
requirements must be obtained and completed within eight years immediately preceding
the date of application
(6) Licensee must surrender
the Public Accountant license issued before the CPA license will be issued.
Stat. Auth.: ORS 670.310 & 673.410

Stats. Implemented: ORS 673.040

Hist.: BOA 4-1998, f. &
cert. ef. 6-16-98; BOA 2-1999, f. & cert. ef. 2-22-99; BOA 6-1999, f. 12-21-99,
cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 3-2009, f. 12-15-09,
cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11,
cert. ef. 1-1-12; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-010-0079
Experience Obtained in
Foreign Countries
Experience obtained by an applicant outside
the United States that is claimed to be equivalent to public accountancy experience
obtained in the United States may be acceptable under ORS 673.040 provided that
the experience meets all of the requirements of OAR 801-010-0065. The applicant's
experience must be directly supervised by:
(1) A licensed public accountant
or a certified public accountant whose license is active and in good standing, and
who held an active license during the period of supervision and for a period of
no less than five years prior to the period of supervision, or
(2) A chartered accountant licensed
by a jurisdiction that is eligible for reciprocal licensing under agreement with
the International Qualifications Appraisal Board (IQAB) as described in OAR 801-010-0085,
who also meets the following requirements:
(a) The chartered accountant
license is active and in good standing;
(b) The chartered accountant
held an active chartered accountant license during the period of supervision and
for no less than five years prior to the period of supervision, and
(3) The person who directly
supervises the applicant's experience must certify to the Board that the applicant's
experience is obtained under professional standards approved by the Board of Accountancy,
including but not limited to the Statements on Auditing Standards (SAS) for audits
or other engagements, the Statement of Standards for Accounting and Review Services
(SSARS) for the review of financial statements and the Statements on Standards of
Attestation Engagements (SSAE) for examinations of prospective financial information,
or similarly recognized International Standards on Auditing, or
(4) That the applicant’s
experience is obtained under professional standards deemed by the Board of Accountancy
to be equivalent to experience obtained in the practice of public accountancy in
this state.
Stat. Auth.: ORS 670.310 & 673.410
Stats. Implemented: ORS 673.040
Hist.: 1AB 14, f. 8-15-68;
1AB 22, f. 3-2-72, ef. 3-15-72; 1AB 34, f. 1-29-74, ef. 2-25-74; 1AB 3-1982, f.
& ef. 4-20-82; 1AB 1-1986, f. & ef. 10-1-86; AB 5-1990, f. & cert. ef.
8-16-90; AB 5-1993, f. & cert. ef. 8-16-93; AB 1-1994, f. & cert. ef. 1-21-94;
AB 4-1994, f. & cert. ef. 9-27-94; AB 1-1997, f. & cert. ef. 1-28-97; AB
4-1997, f. & cert. ef. 7-25-97; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 9-1998,
f. & cert. ef. 11-10-98; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001,
f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 3-2010,
f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 2-2014
f. 12-15-14, cert. ef. 1-8-15
801-010-0080
Holders of Certificates or
License in Other States, US Territories or Foreign Countries
(1) Substantial equivalency. An individual
whose principal place of business is not in this state, who has an active license
in good standing as a certified public accountant issued by another jurisdiction,
and who meets the standards of substantial equivalency as defined in ORS 673.010(21)
and OAR 801-005-0010(48), may practice public accountancy in this state.
(2) Applications by reciprocity.
Individuals who wish to establish a principal place of business in this state are
required to obtain a CPA license under this section prior to practicing as a CPA
in this state.
(a) The applicant must complete
an application and certify that:
(A) The applicant holds an active
license in good standing as a certified public accountant issued by another jurisdiction
whose requirements are substantially equivalent to Oregon as defined in Section
23 of the Uniform Accountancy Act.
(b) Applications based on an
active CPA license that is in good standing, but that do not meet the requirements
of subsections (2)(A) of this rule, are eligible under this subsection if the applicant
demonstrates to the satisfaction of the Board that the applicant:
(A) Held an active CPA license
issued by another jurisdiction that is in good standing at the time of application;
(B) Has four years of public
accounting experience or the equivalent thereof, after completing the CPA exam and
during the ten year period immediately preceding the application. Four years means
48 months of full-time employment or equivalent 8,000 hours of part-time employment.
(3) Reciprocity application
requirements. Applicants under section (2) of this rule must:
(a) Submit an application on
a form provided by the Board;
(b) Pay the fees specified in
OAR 801-010-0010;
(c) Provide a written statement
from the jurisdiction on which the application is based confirming that the applicant:
(A) Is in good standing in that
jurisdiction;
(B) Has not been disciplined
for violations of that jurisdiction's standards of conduct or practice;
(C) Has no pending actions alleging
violations of that jurisdiction's standards of conduct of practice; and
(D) Is in compliance with continuing
education requirements and peer review requirements of the licensing jurisdiction.
(4) Verification of National
Qualification Appraisal Service comparable licensing standards. The Board reviews
the licensing requirements of other jurisdictions as needed to verify substantial
equivalency eligibility. The Board may use information developed by NASBA to make
this determination.
Stat. Auth.: ORS 670.310, 673.410 &
673.153
Stats. Implemented: ORS 673.040
& 673.153
Hist.: 1AB 14, f. 8-15-68;
1AB 22, f. 3-2-72, ef. 3-15-72; 1AB 34, f. 1-29-74, ef. 2-25-74; 1AB 3-1982, f.
& ef. 4-20-82; 1AB 1-1986, f. & ef. 10-1-86; AB 5-1990, f. & cert. ef.
8-16-90; AB 5-1993, f. & cert. ef. 8-16-93; AB 1-1994, f. & cert. ef. 1-21-94;
AB 4-1994, f. & cert. ef. 9-27-94; AB 1-1997, f. & cert. ef. 1-28-97; AB
4-1997, f. & cert. ef. 7-25-97; BOA 5-1998, f. & cert. ef. 7-9-98; BOA 9-1998,
f. & cert. ef. 11-10-98; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001,
f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 4-2003,
f. 12-23-03 cert. ef. 1-1-04; BOA 7-2005, f. 11-22-05, cert. ef. 1-1-06; BOA 2-2006,
f. 12-22-06, cert. ef. 1-1-07; BOA 3-2009, f. 12-15-09, cert. ef. 1-1-10; BOA 3-2010,
f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12; BOA 2-2014
f. 12-15-14, cert. ef. 1-8-15
801-010-0085
Holders of Foreign Licenses,
Certificates, Credentials or Degrees
(1) The Board recognizes the International
Qualifications Appraisal Board (IQAB), a joint body of NASBA and AICPA. IQAB is
charged with:
(a) Evaluating the professional
credentialing process of certified public accountants or their equivalents in countries
other than the United States; and
(b) Negotiating principles of
reciprocity agreements with the appropriate professional and/or governmental bodies
of other countries seeking recognition as having requirements substantially equivalent
to requirements in the United States to qualify for and receive the license of certified
public accountant.
(2) The Board shall honor the
principles of reciprocity agreements issued by IQAB.
(3) An applicant for a certified
public accountant license in Oregon who holds a license, credential or degree issued
by a foreign country that is claimed to be comparable to a license issued by the
Board, or an applicant who holds a certificate or license issued by the licensing
body of any state or US Territory that is based upon the certificate, credential
or degree granted by a foreign country that is not recognized under any IQAB Reciprocity
Agreement is required to meet the following requirements:
(a) Satisfy the educational
requirement under ORS 673.050 for admission to the CPA exam.   
(b) Pass all sections of the
CPA exam required by ORS 673.060; and
(c) Complete the experience
requirement under ORS 673.040, ORS 673.100 and OAR 801-010-0065.
Stat. Auth.: ORS 670.310 & 673.410
Stats. Implemented: ORS 673.040
& 673.060
Hist.: 1AB 2-1986, f. &
ef. 10-15-86; AB 1-1994, f. & cert. ef. 1-21-94; AB 4-1994, f. & cert. ef.
9-27-94; AB 5-1995, f. & cert. ef. 8-22-95; BOA 6-1998, f. & cert. ef. 7-29-98;
BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02;
BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04;
BOA 4-2004, f. 12-30-04, cert. ef. 1-1-05; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12;
BOA 1-2014, f. 2-14-14, cert. ef. 3-1-14
801-010-0100
Public Accountant Licenses
(1) Application requirements. Applicants
for the license of public accountant must meet the following requirements:
(a) Complete and pass the required
sections of the CPA exam as described in ORS 673.100 and OAR 801-010-0060;
(b) Complete and pass an ethics
exam that has been adopted by the Board; and
(c) Meet the experience requirements
stated in ORS 673.100 as follows:
(A) Obtain one year of experience,
which means at least 12 months of full-time employment or a total of 2,000 hours
of part-time employment.
(d) The experience and examination
requirements must be obtained and completed within eight years immediately preceding
the date of application for license.
(2) Experience requirements.
(a) Applicants must meet the
experience requirements described in OAR 801-010-0065(2).
(b) The experience required
under ORS 673.100 consists of activities generally performed by Oregon licensed
CPAs and PAs engaged in public practice. Typical public practice experience includes
attestation services, tax return preparation, financial advisory services, and reporting
on an entity’s internal controls. Experience obtained while performing financial
advisory services or tax advisory services must be performed while employed at a
public accounting firm.
(3) Experience portfolio. The
applicant's experience portfolio must meet the requirements stated in OAR 801-010-0065(3).
(4) Public Accountant practice
restrictions. Licensed public accountants who qualified for the CPA exam after January
1, 2002 must not perform audits.
Stat. Auth.: ORS 670.310, 673.410
& 673.100

Stats. Implemented: ORS 673.100, 673.150
& 673.103

Hist.: 1AB 9, f. 6-24-60;
1AB 41, f. & ef. 12-2-76; 1AB 4-1982, f. & ef. 5-21-82; 1AB 3-1984, f. 12-19-84,
ef. 1-1-85; AB 4-1994, f. & cert. ef. 9-27-94; BOA 1-1998, f. & cert. ef.
1-26-98; BOA 1-1999, f. & cert. ef. 1-20-99; BOA 6-1999, f. 12-21-99, cert.
ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02,
cert. ef. 1-1-03; BOA 2-2006, f. 12-22-06, cert. ef. 1-1-07; BOA 3-2009, f. 12-15-09,
cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 2-2014, f. 12-15-14,
cert. ef. 1-8-15; BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-010-0110
Renewal of License
(1) Unless properly renewed, licenses issued
under ORS 673.150 that end in even numbers expire on June 30 of even-numbered years
and licenses that end in odd numbers expire on June 30 of odd-numbered years. To
renew an active, inactive or retired license, the license holder must:
(a) Submit the current renewal
form published by the Board, fully completed and postmarked or received no later
than June 30 of the year in which the license expires. Applications that are postmarked
by the US Postal Service or other delivery service, electronically stamped by fax
machine or submitted by an online; process managed by the Board after June 30 must
include a late fee described in OAR 801-010-0010;
(b) Pay the renewal fee specified
in OAR 801-010-0010, and
(c) If applying for renewal
of an active or inactive license, provide evidence that the applicant has satisfied
continuing education.
(d) Submit the late fee described
in OAR 801-010-0010, if the renewal application is postmarked by the US Post Office
or other delivery service after June 30.
(2) A licensee that does not
renew by June 30 of the year in which the license expires shall not hold out as
a CPA or PA and practice public accounting until the license is renewed.
(3) The Board will pro-rate
a licensee’s first renewal fee in six month increments, depending on the date
of issuance.
Stat. Auth.: ORS 670.310 & 673.410
Stats. Implemented: ORS 673.150
Hist.: 1AB 4-1981, f. &
ef. 6-17-81; AB 3-1991, f. & cert. ef. 4-10-91; AB 4-1991, f. & cert. ef.
7-1-91; AB 5-1993, f. & cert. ef. 8-16-93; AB 3-1994, f. & cert. ef. 8-10-94;
AB 4-1994, f. & cert. ef. 9-27-94; AB 1-1995, f. & cert. ef. 1-25-95; BOA
6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02;
BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04;
BOA 2-2006, f. 12-22-06, cert. ef. 1-1-07; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11;
BOA 2-2014 f. 12-15-14, cert. ef. 1-8-15
801-010-0115
Resignation of Licensee
(1) Resigning licenses that are not the
subject of pending complaints or Board investigations. A certified public accountant
or public accountant may resign and surrender a license issued under ORS 673.040,
673.100 and 673.150, by submitting a written resignation, together with the original
certificate or license issued by the Board. All resignations are effective upon
acceptance by the Board. After such resignation, in the event that a person wishes
to reapply for a license to practice public accountancy, the person will be required
to meet all requirements of ORS Chapter 673 and OAR chapter 801.
(2) Resigning licenses that
are the subject of pending complaints or Board investigations. If the license is
the subject of a complaint filed with the Board or a Board investigation, or if
disciplinary proceedings are pending against a licensee, the resignation by such
licensee shall be deemed to be a revocation for cause in the event that the licensee
applies for a license after such resignation is accepted by the Board. A licensee
who resigns under this section is required to notify all clients of the date of
resignation and provide the Board with a list of the clients notified. The Board
may refuse to accept a resignation under this provision if the written resignation
does not include a written acknowledgment by the resigning licensee of the following:
(a) That the licensee is required
to return the CPA or PA wall certificate and wallet license card to the Board;
(b) That the licensee has knowledge
of any pending investigation or disciplinary proceedings and does not wish to contest
or defend the matter;
(c) That the licensee understands
that, in the event the licensee submits a subsequent application to be licensed
to practice public accountancy, the licensee shall not be entitled to a reconsideration
or re-examination of the facts, complaints, or instances of misconduct upon which
investigations or disciplinary proceedings were pending at the time of the resignation;
and
(d) That upon any subsequent
application to practice public accountancy, the licensee must meet all requirements
of ORS Chapter 673 and OAR chapter 801.
(e) Unless otherwise ordered
by the Board, any pending investigation or disciplinary proceeding shall be closed
upon acceptance of the licensee's resignation.
(3) Requirements upon acceptance
of resignation. Upon resignation, a former licensee is required to:
(a) Surrender the CPA certificate
or PA license to the Board;
(b) Take all reasonable steps
to avoid foreseeable harm to any client;
(c) Maintain client records
for a period of at least six years, or return such records to the client; and
(d) Continue to comply with
the requirements of OAR 801 division 030 pertaining to confidential information
and client records.
Stat. Auth.: ORS 670.310 & 673.410

Stats. Implemented: ORS 673.410

Hist.: AB 2-1996, f. &
cert. ef. 9-25-96; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01,
cert. ef. 1-1-02; BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 4-2003, f. 12-23-03
cert. ef. 1-1-04; BOA 2-2008, f. 12-30-08, cert. ef. 1-1-09; BOA 3-2010, f. 12-15-10,
cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12
801-010-0120
Inactive Status
(1) Inactive:
(a) An application for inactive
license status must be made on a form provided by the Board and must be accompanied
by a fee prescribed by OAR 801-010-0010.
(b) The licensee applying for
inactive status must certify to the Board that:
(A) The licensee holds a license
issued under ORS 673.150 which is not lapsed, expired, revoked or suspended; and
(B) The licensee is not employed
in a public accounting firm that is required to be registered in Oregon; and
(C) The licensee is not a sole
practitioner; and
(D) The licensee does not perform
or offer to perform in Oregon or for an Oregon client, services involving the use
of accounting or auditing skills, including but not limited to issuance of reports
on financial statements, management advisory, financial advisory or consulting services,
preparation of tax returns or the furnishing of advice on tax matters.
(2) Renewal and CPE Requirements.
A licensee who is granted inactive status must:
(a) Obtain 32 hours of qualified
continuing professional education during a two-year renewal period;
(A) A maximum of 8 hours may
be in non-technical subjects
(B) A maximum of 8 hours may
be carried-forward to the next renewal period.
(b) Must renew on or before
June 30
(A) Licensees with a license
number that is even will renew in even numbered years;
(B) Licensees with a license
number that is odd will renew in odd numbered years.
(c) Renewal applications that
are postmarked by the US Postal Service or other delivery service, electronically
stamped by fax machine or submitted by an online process managed by the Board after
June 30 must include a late fee described in OAR 801-010-0010.
(3) Inactive Licensees’
Use of CPA or PA Designation. A licensee who is granted inactive status shall not
use the CPA or PA designation unless the word “Inactive” is used in
conjunction with the designation, such as “CPA Inactive” and is listed
in the same font size.
(a) Licensees who are granted
inactive status will not receive a license card from the Board office upon renewal.
(b) Does not otherwise violate
the provisions of OAR 801-030-0005(5).
Stat. Auth.: ORS 670.310 & 673.220
Stats. Implemented: ORS 673.220
Hist.: 1AB 2-1986, f. &
ef. 10-15-86; AB 5-1989, f. & cert. ef. 8-2-89; AB 4-1991, f. & cert. ef.
7-1-91; AB 1-1994, f. & cert. ef. 1-21-94; AB 4-1994, f. & cert. ef. 9-27-94;
AB 2-1995, f. & cert. ef. 3-22-95; AB 2-1996, f. & cert. ef. 9-25-96; BOA
6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02;
BOA 3-2009, f. 12-15-09, cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11;
BOA 2-2014 f. 12-15-14, cert. ef. 1-8-15
801-010-0130
Restoration to Active Status
A person who is granted inactive status
under ORS 673.220 and who subsequently applies to renew such permit to active status
must submit an application on a form provided by the Board. The applicant must:
(1) Pay the application fee
and the license fee for the renewal period in which the application is submitted;
(2) Meet the CPE requirements
for reinstatement described in OAR 801-040-0090;
(3) The applicant must not perform
any public accountancy services until after the applicant receives an active license.
Stat. Auth.: ORS 670.310 & 673.220

Stat. Implemented: ORS 673.220

Hist.: 1AB 2-1986, f. &
ef. 10-15-86; AB 3-1994, f. & cert. ef. 8-10-94; AB 2-1995, f. & cert. ef.
3-22-95; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert.
ef. 1-1-02; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11,
cert. ef. 1-1-12; BOA 2-2014, f. 12-15-14, cert. ef. 1-8-15; BOA 1-2015, f. 9-30-15,
cert. ef. 10-1-15
801-010-0170
Publication of Disciplinary Action
The Board in its discretion will publicize disciplinary action taken under ORS 673.170 in such manner and for such period as it may direct.
Stat. Auth.: ORS 670.310 & 673.410

Stats. Implemented: ORS 673.170

Hist.: 1AB 9, f. 6-24-60; AB 4-1991, f. & cert. ef. 7-1-9; AB 4-1994, f. & cert. ef. 9-27-94; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11
801-010-0190 [Renumbered
to 801-001-0040]
801-010-0340
Non-CPA and Non-PA Ownership of Business
Organizations
(1) Requirements of non-CPA or non-PA
ownership. The ownership of a business organization, defined in ORS 673.010
and registered as a firm under ORS 673.160 and OAR 801-010-0345, that is lawfully
engaged in the practice of public accountancy in this state may include owners who
are not licensed as certified public accountants or public accountants if the following
conditions are met:
(a) Licensed certified public
accountants and public accountants shall, in the aggregate, directly or beneficially,
hold ownership of more than half of the equity capital and a majority of voting
rights;
(b) If the business organization
has its principal place of business in this state and performs public accountancy
services in this state, licensees under the provisions of ORS 673.150 or 673.100
shall, in the aggregate, directly or beneficially, hold ownership of more than half
of the equity capital and a majority of voting rights;
(c) The business organization
shall designate in writing a license holder under ORS 673.150 who shall be responsible
for the management and registration of the business organization in this state;
(d) A license holder under ORS
673.150 shall have ultimate responsibility for each financial statement attestation
service engagement performed in this state;
(e) Non-licensee owners shall
be material participants in the business of the firm or an entity affiliated with
the firm;
(f) Non-licensee owners may
be natural persons or legal entities provided that each ultimate beneficial owner
of an equity interest in such entity shall be a natural person who materially participates
in the business conducted by the firm.
(g) Non-licensee owners must
not hold themselves out as certified public accountants or public accountants and
must not have a license in Oregon or any other jurisdiction, that has been suspended
or revoked for disciplinary reasons.
(h) Business organizations with
non-CPA or non-PA ownership that are registered under OAR 801-010-0345 must comply
with the requirements for peer review as provided in ORS 673.455 if such business
organization performs attestation services or compilation services.
(i) For purposes of this rule,
"material participation" means an activity that is regular, continuous and substantial.
(2) Registration. A business
organization with non-licensee ownership that is registered in this state under
OAR 801-010-0345 must certify at the time of registration and at each renewal that
the business organization is in compliance with the provisions of this rule.
(3) Request for extension. If the licensee ownership of a registered business organization whose principal
place of business is in this state does not meet the requirements of section (1)
of this rule because of a death or other unforeseen circumstance, the business organization
may request an extension of 180 days, or until the next renewal period, whichever
is longer, for the business organization to meet such requirement.
(4) CPA designation. A business organization, of which the majority ownership is held by individuals
licensed as public accountants under ORS 673.100, must not use the term "CPA firm"
or any similar name that would indicate that a majority of the owners of the firm
hold CPA certificates issued under ORS 673.040.
Stat. Auth.: ORS 670.310, 673.410 &
673.160

Stats. Implemented: ORS 673.160

Hist.: 1AB 18, f. 11-25-70,
ef. 12-25-70; 1AB 29, f. 4-25-73, ef. 5-15-73; 1AB 3-1982, f. & ef. 4-20-82;
AB 5-1990, f. & cert. ef. 8-16-90; AB 4-1991, f. & cert. ef. 7-1-91; AB
4-1994, f. & cert. ef. 9-27-94; BOA 1-1998, f. & cert. ef. 1-26-98; BOA
6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02;
BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03; BOA 2-2007, f. 12-27-07 cert. ef. 1-1-08;
BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12;
BOA 1-2015, f. 9-30-15, cert. ef. 10-1-15
801-010-0345
Registration of Business Organizations
(1) Requirement to register as a firm.
A business organization organized for the practice of public accountancy must register
with the Board as a firm if the business organization:
(a) Is located in Oregon; and
(A) Uses the terms "certified
public accountant", "CPA", "public accountant" or "PA", or any derivation of such
terms;
(B) Holds out to clients or
to the public that the business organization is in any way engaged in the practice
of public accountancy; or
(C) Performs attestation services
or compilation services, as defined by these rules.
(b) Is not located in Oregon;
and
(A) Uses the terms "certified
public accountants", "CPA", "public accountants" or "PA", or any derivation of such
terms;
(B) Holds out to clients or
to the public that the business organization is in any way engaged in the practice
of public accountancy and performs any of the following services:
(i) An audit or other engagement
for which performance standards are included in Statements on Auditing Standard
(SAS)
(ii) Examination of prospective
financial information for which performance standards are included in the Statement
on Standards for Attestation Engagements (SSAE)
(iii) Engagements for which
performance standards are included in the auditing standards of the Public Company
Accounting Oversight Board (PCAOB)
(C) Has a person, who is a license
holder under ORS 673.150 or meets the substantial equivalency requirements of ORS
673.153, that is responsible for supervising attestation services and signs or authorizes
someone to sign the accountant’s report on the financial statements on behalf
of the business organization.
(2) Registration of sole proprietors.
A business organization organized as a sole proprietorship, a professional corporation
or a limited liability company, and comprised of a single license holder under ORS
673.150, is required to register as a firm if the business organization engages
in any of the following activities in this state:
(a) Holds out to clients or
to the public that it is composed of more than one licensee, or
(b) Performs attestation services
or compilation services.
(3) Application requirements.
(a) Firms located in Oregon:
Application by a business organization to be registered as a firm to practice as
Certified Public Accountant(s) or Public Accountant(s) must be made to the Board
in writing on a form provided by the Board and shall be accompanied by the appropriate
fee, stated in OAR 801-010-0010. The application and each renewal application must
provide the following information in writing:
(A) Name of the firm;
(B) Identification by name and
by certificate or license number of each CPA and PA in this state who is associated
with or employed by the business organization;
(C) The physical address of
every office and branch office in this state;
(D) Notice of every denial,
revocation, lapse or suspension of authority to perform public accountancy services
that is or has been issued by any jurisdiction against any licensee associated with
the business organization;
(E) Notice of the filing of
any lawsuit relating to the professional services of the business organization,
if an essential element of such lawsuit involves fraud, dishonesty or misrepresentation;
and
(F) Notice of any criminal action
filed against the business organization or against any owner or manager and notice
of any conviction against any owner or manager of the business organization. Notice
of a conviction under this rule includes the initial plea, verdict or finding of
guilt, pleas of no contest or pronouncement of sentence by a trial court even though
that conviction may not be final and sentence may not be actually imposed until
appeals are exhausted. The notice provided shall be signed by the person to whom
the conviction or criminal action applies, and shall state the facts that constitute
the reportable event and identify the event by the name of the agency or court,
the title of the matter, the docket number and the date of occurrence of the event.
(G) Provide a letter showing
proof of enrollment in Peer Review or acceptance and/or completion letter and the
peer review report of the firm’s most recent peer review if the firm intends
to perform attestation services or compilation services in this state.
(b) Firms not located in Oregon:
(A) Name of the firm.
(B) Identification by name and
by active certificate or license number, indicating the state in which the certificate
or license is issued of each CPA who is associated with or employed by the business
organization and is authorized to practice in Oregon under substantial equivalency
pursuant to ORS 673.153 who will practice public accounting in Oregon.
(C) Provide a letter of acceptance
and/or completion and the peer review report of the firm’s most recent peer
review if the firm intends to perform attestation services or compilation services
in this state.
(D) Any out of state firm that
is required to register in Oregon and subsequently opens an office in Oregon shall
notify the Board of the existence of the new office within 30 days of opening the
office.
(4) Application requirements
for firms with non-CPA and non-PA ownership. In addition to the information required
under section (3) of this rule for firm registrations, business organizations with
non-CPA or non-PA owners that are required to register as a firm must provide the
following information with the application for initial registration and with each
registration renewal.
(a) The name of the firm and
a list of the states in which the business organization has applied, or is currently
authorized to practice public accountancy;
(b) Evidence to the satisfaction
of the Board that the business organization satisfies the requirements of OAR 801-010-0340;
(c) The identities of all owners
or managers of the business organization who work regularly in this state;
(d) The physical address of
every office maintained in this state;
(e) The identity of every person
with management responsibility for each office in this state;
(f) Notice of every denial,
revocation, lapse, or suspension of authority to perform accounting services or
other services issued against any owner or manager of the business organization
in any jurisdiction;
(5) Issuance of firm registration.
The Board shall, upon receipt of an application that satisfies all the requirements
of these rules and payment of the registration fee, issue a certificate of registration,
which shall remain in effect until December 31 of the odd-numbered year following
the date of such registration. The business organization shall:
(a) Renew the firm registration
on or before December 31 of each odd-numbered year by submitting the renewal form
provided by the Board, together with the appropriate registration renewal fee. The
Board may waive the renewal fee if an initial firm registration is issued in November
or December of the year in which the registration is due for renewal.
(b) Business organizations subject
to registration that fail to renew a registration by the end of the month following
the close of the renewal period, will be terminated and required to pay the renewal
fee plus any applicable penalties and submit a reinstatement form to the Board office;
(c) Notify the Board in writing
of any change in the firm name within 30 days of such change;
(d) In addition to the notice
that is required upon application and for each renewal of the firm registration
under section (3) of this rule, business organizations are required to provide written
notice to the Board within 45 days of the filing of any lawsuit, settlement or arbitration
relating to the professional services of the business organization if an essential
element of such lawsuit involves fraud, dishonesty or misrepresentation;
(e) Display the letter of registration
issued by the Board in a conspicuous place at the principal office of the firm.
(6) Form of practice. A licensee
may practice public accountancy in a business organization as defined in ORS 673.010
that is organized in accordance with statutory provisions.
(a)(A) Non-CPA or non-PA ownership.
A licensee may form a business organization with a non-licensee for the purpose
of engaging in the practice of public accountancy in accordance with the provisions
of ORS 673.160 and OAR 801-010-0340.
(B) Notwithstanding subsection
(6)(a) of this rule, any certified public accountant or public accountant whose
license to practice public accountancy has been suspended or revoked for disciplinary
reasons in any jurisdiction, may not participate as a non-licensee owner in a business
organization required to be registered under ORS 673.160.
(b) Branch offices.
(A) Every branch office located
in this state shall be managed by a licensee holding a license issued under ORS
673.150 who shall be in residence at the branch office, on a full-time basis, during
the time the branch office is open to the public. A licensee operating a branch
office is responsible for managing the office, staff and services rendered to the
public.
(B) The Board may, at its discretion,
approve the operation of a branch office that does not meet the supervision requirements
of paragraph A of this subsection. Licensees seeking approval under this paragraph
shall submit in advance a written proposal describing how the licensee will provide
adequate supervision of the branch office. The proposal shall specify the minimum
number of hours each week that a named licensee will provide physical supervision
at the branch office.
(C) Any licensee operating a
branch office under approval authorized by paragraph (B) of this subsection shall
notify the Board in writing of any deviation from an approved plan within 30 days
of the deviation.
(D) The location of each branch
office in Oregon shall be reported to the Board at the time of application for registration
as a firm and with each renewal application, together with a statement that each
branch office meets the requirements of OAR 801-010-0345(6)(b)
(c) Internet Practice. Licensees
using the CPA or PA title to perform or solicit services via a website, are required
to include information on the website naming the state(s) in which each CPA or PA
is licensed to perform public accounting services, or provide a name and contact
information for an individual who will respond within seven business days to inquiries
regarding individual licensee information. Information required to be posted by
this rule must be clearly visible and prominently displayed.
(7) Firm Names.
(a) False and misleading firm
names:
(A) A public accounting firm
shall not offer or provide public accounting services using a firm name that is
misleading as to the legal entity or organization of the firm, as to the owners
or employees of the firm, or as to any matter restricted by section (4) of this
rule.
(B) A firm name shall not include
false or misleading language about the business organization of the firm, the nature
of the services provided, and the number of licensees associated with or working
for the firm or the identity of individual members of the firm. Except as provided
in paragraphs (D) and (E) of this subsection, a firm name shall not include information
about or indicate an association with, individuals who are not members of the firm.
(C) A firm name shall include
words or abbreviations required by the laws under which the business organization
is organized to identify the form of business organization or legal entity being
used by the firm.
(D) A firm name may be composed
of the names of one or more past partners, shareholders, owners, or members of the
business organization or its successor, so long as the past partner, shareholder,
owner or member:
(i) Is not actively engaged
in the practice of public accountancy as a sole proprietor in the same market area,
and
(ii) Approves in writing of
the continued use of such name. Approval given by a licensee for the continued use
of licensee’s name may be withdrawn by the licensee, in writing and shall
allow a reasonable period of time for the firm to withdraw such name.
(E) A partner, shareholder,
owner or member surviving the death or withdrawal of all other partners, shareholders,
owners or members may continue to practice under the firm name provided that the
firm meets the requirements stated in this rule.
(b) Singular firm names. The
use by a certified public accountant or public accountant in individual practice
of the individual's full legal name in the singular form, followed by the title
"Certified Public Accountant," "Public Accountant", "CPA" or "PA" is not misleading.
(c) Plural firm names.
(A) The use by a firm of a plural
title or designation, including words like "and company", “associates”
and "accountants", is not misleading if, in addition to the names of persons included
in the firm name, the firm has at least one additional partner, shareholder, owner
or member, or employs at least one staff person (excluding independent contractors),
who work a minimum of 20 hours per week, who is licensed to practice public accountancy
under ORS 673.150, or who is authorized under 673.153 and whose permit is not revoked,
suspended, lapsed or inactive.
(B) A firm using a plural name
that ceases to qualify for use of a firm name under (A) shall:
(i) Cease using the plural name
and so notify the Board in writing; or
(ii) Notify the Board in writing
within 30 days of non-compliance. Such firm shall have 90 days in which to employ
a licensed staff person as required under paragraph (A) of this subsection. The
firm shall provide written notice to the Board when the firm has employed the required
licensed staff person.
(C) A firm may file a written
request for an additional 90-day extension to satisfy the requirements of (A).
(d) Assumed business names.
(A) A firm name that does not
include the designations "PC", "LLC", "LP", or "LLP" to indicate the form of legal
entity through which the practice of public accountancy is being conducted, or that
does not include the full legal name of every owner of such business organization,
shall be filed as an assumed business name with the Corporations Division of the
Office of the Secretary of State. A copy of the registration of the assumed business
name shall be provided to the Board with the application for registration as a firm
and with every renewal application.
(B) An assumed business name
that is registered with the Corporate Division of the Office of the Secretary of
State may be composed in whole or in part of initials. Such abbreviated firm name
shall not spell a word or form an acronym that may be misleading to the public.
Every assumed business name shall meet the requirements of paragraph (6)(a)(B) of
this rule.
(e) Notice to Board. A business
organization registered as a firm under ORS 673.160 shall provide the following
information to the Board:
(A) List of the names and certificate
or license numbers of all Oregon licensees employed by the firm at the time of application
for registration as a firm and with every renewal application, and
(B) Written notice of any change
of firm name, firm address or firm ownership within 30 days of such change.
Stat. Auth.: ORS 670.310, 673.410 &
673.160

Stats. Implemented: ; ORS
673.160

Hist.: AB 6-1993(Temp), f.
11-2-93, cert. ef. 11-4-93; AB 1-1994, f. & cert. ef. 1-21-94; BOA 2-1998, f.
& cert. ef. 3-30-98; BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00; BOA 4-2001,
f. 12-28-01, cert. ef. 1-1-02; BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04; BOA 2-2006,
f. 12-22-06, cert. ef. 1-1-07; BOA 2-2008, f. 12-30-08, cert. ef. 1-1-09; BOA 3-2009,
f. 12-15-09, cert. ef. 1-1-10; BOA 3-2010, f. 12-15-10, cert. ef. 1-1-11; BOA 3-2011,
f. 12-28-11, cert. ef. 1-1-12; BOA 2-2014, f. 12-15-14, cert. ef. 1-8-15; BOA 1-2015,
f. 9-30-15, cert. ef. 10-1-15

The official copy of an Oregon Administrative Rule is
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