Fees, ch 12
ARC 7395C
ACCOUNTANCY EXAMINING BOARD[193A]
Notice of Intended Action
Proposing rulemaking related to fees
and providing an opportunity for public comment
The Accountancy Examining Board hereby proposes to rescind Chapter 12, "Fees," Iowa Administrative Code, and to adopt a new chapter with the same title.
Legal Authority for Rulemaking
This rulemaking is proposed under the authority provided in Iowa Code section 542.4.
State or Federal Law Implemented
This rulemaking implements, in whole or in part, Iowa Code chapter 542 and Executive Order 10.
Purpose and Summary
These proposed amendments implement changes recommended by Executive Order 10. The purpose of Chapter 12 is to provide helpful information on the fees to acquire and maintain a Certified Public Accountant (CPA)/Licensed Public Accountant (LPA) license, plus information on reinstating a lapsed license.
Fiscal Impact
This rulemaking has no fiscal impact to the State of Iowa. No current fees are being changed, and no new fees are being imposed.
Jobs Impact
After analysis and review of this rulemaking, no impact on jobs has been found.
Waivers
Any person who believes that the application of the discretionary provisions of this rulemaking would result in hardship or injustice to that person may petition the Department of Inspections, Appeals, and Licensing for a waiver of the discretionary provisions, if any, pursuant to 481—Chapter 6.
Public Comment
Any interested person may submit written or oral comments concerning this proposed rulemaking. Written or oral comments in response to this rulemaking must be received by the Department no later than 4:30 p.m.on January 31, 2024. Comments should be directed to:
Robert E. Lampe Iowa Department of Inspections, Appeals, and Licensing 6200 Park Avenue Des Moines, Iowa 50321 Phone: 515.725.9024 Fax: 515.725.9032 Email: robert.lampe@dia.iowa.gov |
Public Hearing
Public hearings at which persons may present their views orally or in writing will be held as follows:
January 30, 2024 12:30 to 12:50 p.m. |
6200 Park Avenue Des Moines, Iowa Video call link: meet.google.com/yxd-hmkw-ppo Phone numbers: tel.meet/yxd-hmkw-ppo?pin=1779851586643 |
January 31, 2024 12:30 to 12:50 p.m. |
6200 Park Avenue Des Moines, Iowa Video call link: meet.google.com/yxd-hmkw-ppo Phone numbers: tel.meet/yxd-hmkw-ppo?pin=1779851586643 |
The Department may address agenda items out of sequence to accommodate persons appearing before the Department or to aid in the efficiency or effectiveness of the meeting.
All meetings held by the Department are accessible to everyone. Any persons who need special accommodations to participate should call 515.281.0254 (TDD: 1.800.735.2942) as soon as possible in advance of the meeting to ensure sufficient time to make the appropriate accommodations.
Public attendees may make comments at the conclusion of each board director's report.
The boards reserve the right to limit the length of comments based on the number of individuals who wish to speak.
Persons who wish to make oral comments at a public hearing may be asked to state their names for the record and to confine their remarks to the subject of this proposed rulemaking.
Review by Administrative Rules Review Committee
The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rulemaking by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rulemaking at its regular monthly meeting or at a special meeting. The Committee's meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).
The following rulemaking action is proposed:
Item 1. Rescind 193A—Chapter 12 and adopt the following new chapter in lieu thereof:
CHAPTER 12
FEES
193A—12.1(542) Fees. The following is a schedule of the fees for examinations, certificates, licenses, permits and renewals adopted by the board:
Initial CPA examination application: |
|
Paid directly to CPA examination services |
not to exceed $1,500 |
Reexamination: |
|
Paid directly to CPA examination services |
not to exceed $1,500 |
Original issuance of CPA certificate or LPA license by examination (fee includes wall certificate) |
$100 |
Original issuance of CPA certificate by reciprocity or substantial equivalency |
$100 |
CPA wall certificate or LPA license issued by reciprocity or substantial equivalency |
$50 |
Replacement of lost or destroyed wall CPA certificate or LPA license |
$50 |
Original issuance of attest qualification |
$100 |
Annual renewal of CPA certificate or LPA license—active status |
$100 |
Late renewal of CPA certificate or LPA license within 30-day grace period (July 1 to July 30)—active status |
$25 |
Annual renewal of CPA certificate or LPA license—inactive status |
$50 |
Late renewal of CPA certificate or LPA license within 30-day grace period (July 1 to July 30)—inactive status |
$10 |
Original issuance of firm permit to practice |
$100 |
Annual renewal of firm permit to practice |
$100 |
Reinstatement of lapsed CPA certificate or LPA license |
$100 + renewal fee + $25 per month of expired registration |
Reinstatement of lapsed firm permit to practice |
$100 + renewal fee + $25 per month of expired registration |
Interstate Transfer Form |
$25 |
License predetermination fee |
$25 |
193A—12.2(542) Reinstatement.
12.2(1) Reinstatement of a lapsed CPA certificate or LPA license. The fee for the reinstatement of a lapsed CPA certificate or LPA license is $100 plus the renewal fee plus $25 per month of expired registration up to a maximum of $1,000.
12.2(2) Reinstatement of lapsed firm permit to practice. The fee for the reinstatement of a lapsed CPA or LPA firm permit to practice for applications is $100 plus the renewal fee plus $25 per month of expired registration up to a maximum of $1,000.
12.2(3) Applicants for reinstatement. All applicants for reinstatement will be assessed the $100 reinstatement fee. The $25 per month penalty fee described in subrules 12.2(1) and 12.2(2) will not be assessed if the applicant for reinstatement did not, during the period of lapse, engage in any acts or practices for which an active CPA certificate, LPA license, or firm permit to practice as a CPA or LPA firm is necessary in Iowa. Falsely claiming an exemption from the monthly penalty fee is a ground for discipline; in addition, other grounds for discipline may arise from practicing on a lapsed certificate, license or permit to practice.
193A—12.3(542) Prorating of certain fees. Fees for the issuance of an original CPA certificate or LPA license, pursuant to rule 193A—5.3(542), or the issuance of an initial permit to practice to a CPA or LPA firm, pursuant to rule 193A—7.1(542), will not be prorated.
These rules are intended to implement Iowa Code chapter 542.
This notice is now closed for comments. Collection of comments closed on 1/31/2024.
The official published PDF of this document is available from the Iowa General Assembly’s Administrative Rules page.
View the Iowa Administrative Bulletin for 1/10/2024.
The following administrative rule references were added to this document. You may click a reference to view related notices.
Rule 193A-12.1 Rule 193A-12.2 Rule 193A-12.2(1) Rule 193A-12.2(2) Rule 193A-12.3 Rule 193A-5.3 Rule 193A-7.1The following Iowa code references were added to this document. You may click a reference to view related notices.
Iowa Code 542The following keywords and tags were added to this document. You may click a keyword to view related notices.
Applicants for reinstatement Fees Prorating of certain fees Reinstatement Reinstatement of a lapsed CPA certificate or LPA license Reinstatement of lapsed firm permit to practice© 2024; State of Iowa | Privacy Policy