32-741.01 - Arizona Statutes

32-741.01. Relinquishment of certificate with disciplinary proceedings pending A. A certified public accountant or public accountant against whom disciplinary proceedings have been initiated may relinquish his certificate to the board during the course of the board's investigation. The board shall consider a relinquishment tendered by a certified public accountant or public accountant pursuant to this section and shall determine whether to accept the relinquishment. The board shall issue an order documenting its decision. B. A certified public accountant or public accountant who relinquishes a certificate pursuant to this section loses the right to practice accounting as a certified public accountant or public accountant in this state. A person who relinquishes a certificate pursuant to this section and who desires to apply for a new certificate shall meet all of the requirements for applicants for initial certification pursuant to section 32-721. C. If the board accepts the relinquishment of a certificate of a certified public accountant or public accountant, the person shall return the certificate to the board and shall attach to the certificate a document that is signed and dated and that is in substantially the following form: I, (Insert name of registrant), acknowledge that disciplinary proceedings have been initiated against me pursuant to title 32, chapter 6, article 3, Arizona Revised Statutes, and I relinquish my right to practice accounting as a (insert either "certified public accountant" or "public accountant") in the state of Arizona. I understand that if I choose to apply for a new certificate, I must meet all requirements for initial certification pursuant to section 32-721, Arizona Revised Statutes. I further understand that, in deciding whether to issue a new certificate to me, the board will consider all disciplinary actions currently pending against me and any other matters it determines to be appropriate.