§ 93-10. Practice privileges. - North Carolina Statutes

§ 93‑10.  Practiceprivileges.

(a)        An individual whoseprincipal place of business is outside this State is granted the privilege toperform or offer to perform services, whether in person or by mail, telephone,or electronic means, in this State as a certified public accountant withoutnotice to the Board, the submission of any other documentation, or the paymentof any fee if the individual meets all of the following conditions:

(1)        Holds a valid andunrevoked certificate as a certified public accountant, or its equivalent,issued by another state, a territory of the United States, or the District ofColumbia.

(2)        Holds a valid andunrevoked license or permit to practice as a certified public accountant issuedby another state, a territory of the United States, or the District ofColumbia.

(3)        Has passed TheUniform CPA Examination.

(4)        Has not beenconvicted of a felony under the laws of the United States, any state, aterritory of the United States, or the District of Columbia and has never beenconvicted of a crime, an essential element of which is dishonesty, deceit, orfraud unless the jurisdiction in which the individual is licensed hasdetermined the felony or other crime has no effect on the individual's license.

(5),(6)  Repealed by SessionLaws 2009‑347, s. 4, effective July 27, 2009.

(b)        An individual whosatisfies the requirements of subsection (a) of this section and exercises theprivilege afforded under this section by performing or offering to performservices as a certified public accountant in this State simultaneously consentsas a condition of the grant of this privilege to:

(1)        Comply with the lawsof this State, the provisions of this Chapter, and rules adopted by the Board.

(2)        Have anadministrative notice of hearing served on the licensing board in theindividual's principal state of business, notwithstanding the individual noticerequirements of G.S. 150B‑38.

(3)        Be subject topersonal jurisdiction, subject matter jurisdiction, and disciplinary authorityof the Board.

(c)        A firm whose principalplace of business is outside this State and has no office in this State isgranted the privilege to perform or offer to perform services, whether inperson or by mail, telephone, or electronic means, in this State as a firmwithout notice to the Board, submission of any other documentation, or paymentof any fee, except as otherwise provided in subdivision (3) of this subsection.A firm that exercises the privilege afforded under this section simultaneouslyconsents as a condition of the grant of the privilege to:

(1)        Comply with the lawsof this State, the provisions of this Chapter, and rules adopted by the Board.

(2)        Be subject topersonal jurisdiction, subject matter jurisdiction, and disciplinary authorityof the Board.

(3)        Provide notice withouta fee to the Board if any individual with the firm who has been grantedprivileges in North Carolina to practice as a certified public accountantperforms any of the following services for a client in this State:

a.         A financialstatement audit or other engagement performed in accordance with the Statementson Auditing Standards.

b.         An examination ofprospective financial information performed in accordance with the Statementson Standards for Attestation Engagements.

c.         An engagementperformed in accordance with the Public Company Accounting Oversight Boardauditing standards.  (1925, c. 261, s. 10; 1993, c. 518, s. 7; 2001‑313, s. 1; 2009‑347,s. 4.)