326.283. Reciprocity for out-of-state accountants--licensee of this state committing act in another state, effect.

MISSOURI STATUTES AND CODES

326.283. Reciprocity for out-of-state accountants--licensee of this state committing act in another state, effect.

Reciprocity for out-of-state accountants--licensee of this statecommitting act in another state, effect.

326.283. 1. (1) An individual whose principal place of business,domicile, or residency is not in this state and who holds a valid andunrestricted license to practice public accounting from any state which theboard or its designee has determined by rule to be in substantialequivalence with the licensure requirements of this chapter, or if theindividual's qualifications are substantially equivalent to the licensurerequirements of this chapter, shall be presumed to have qualificationssubstantially equivalent to this state's requirements and shall have allthe privileges of licensees of this state without the need to obtain alicense or to otherwise notify or register with the board or pay any fee.Provided, however, the board may by rule require individuals with a validbut restricted license to obtain a license.

(2) An individual who qualifies for the privilege to practice underthis section may offer or render professional services in this state,whether in person, by mail, telephone, or electronic means, and no noticeor other submission shall be required of any such individual.

(3) An individual licensee of another state exercising the privilegeafforded under this section and the firm which employs such licensee herebysimultaneously consent, as a condition of the grant of this privilege:

(a) To the personal and subject matter jurisdiction and disciplinaryauthority of the board;

(b) To comply with this chapter and the board's rules;

(c) That in the event the license from any state is no longer validor unrestricted, the individual shall cease offering or renderingprofessional services in this state individually and on behalf of a firm;and

(d) To the appointment of the state board that issued theindividual's license as his or her agent upon whom process may be served inany action or proceeding by this board against the individual.

(4) An individual who has been granted the privilege to practiceunder this section who performs attest services for an entity with a homeoffice in this state shall only do so through a firm which has obtained apermit issued under section 326.289.

(5) Nothing in this chapter shall prohibit temporary practice in thisstate for professional business incidental to a CPA's regular practiceoutside this state. "Temporary practice" means that practice related tothe direct purpose of an engagement for a client located outside thisstate, which engagement began outside this state and extends into thisstate through common ownership, existence of a subsidiary, assets or otheroperations located within this state.

2. A licensee of this state offering or rendering services or usinghis or her certified public accountant title in another state shall besubject to disciplinary action in this state for an act committed inanother state for which the licensee would be subject to discipline for anact committed in the other state. Notwithstanding the provisions ofsection 326.274 to the contrary, the board may investigate any complaintmade by the board of accountancy of another state.