WSR 12-10-085

PERMANENT RULES

BOARD OF ACCOUNTANCY


[ Filed May 2, 2012, 9:50 a.m. , effective June 2, 2012 ]


Effective Date of Rule: Thirty-one days after filing.

Purpose: To add language to the rule that will allow use of:

(1) The designation "CPA retired" for those CPAs who:

(a) Have reached sixty years of age and hold an active license in good standing; or

(b) At any age, have held an active license in good standing, not suspended or revoked, to practice public accountancy in any state for a combined period of not less than twenty years.

(2) Designations or titles authorized by the American Institute of Certified Public Accountants.

Citation of Existing Rules Affected by this Order: Amending WAC 4-30-058.

Statutory Authority for Adoption: RCW 18.04.350(13).

Adopted under notice filed as WSR 12-07-079 on April 26 [March 20], 2012.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 1, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.

Date Adopted: April 26, 2012.

Richard C. Sweeney

Executive Director

OTS-4682.3


AMENDATORY SECTION(Amending WSR 10-24-009, filed 11/18/10, effective 12/19/10)

WAC 4-30-058   Does the board authorize the use of any other titles or designations?   Yes. ((The board)) RCW 18.04.350(13), Practices not prohibited, authorizes the board to allow the use of ((the following)) other titles ((and)) (designations)((, provided)) if the individual using the title or designation is ((so)) authorized ((to)) at the time of use by a nationally recognized entity sanctioning the use of board authorized titles or designations. Accordingly, the board authorizes the use of the following titles ((or)) and designations:

(1) Designations or titles authorized by the American Institute of Certified Public Accountants (AICPA);

(2) Designations or titles authorized by the Accreditation Council for Accountancy and Taxation located in Alexandria, Virginia, or its successor:

"Accredited Business Accountant" or "ABA";

"Accredited Tax Preparer" or "ATP"; and

"Accredited Tax Advisor" or "ATA."

((The board also authorizes the use of the title "Certified Financial Planner" or "CFP" provided the individual is so)) (3) Designations or titles authorized ((to use the title or designation)) by the Certified Financial Planner Board of Standards in Denver, Colorado, or its successor:

"Certified financial planner" or "CFP."

((This authorization)) These authorized designations relate((s)) to title use only, ((is)) are not limited to individuals who have held or are holding a license or certificate under the act, and ((does)) do not authorize these other designated individuals to use the title "certified public accountant" or "CPA((.))," or "CPA-inactive."

The board further authorizes the use of the designation "CPA retired" in this state by those individuals who, upon notice to the board to retire a license, meet the following criteria:

Has reached sixty years of age and holds an active license in good standing; or

At any age, has held an active license in good standing, not suspended or revoked, to practice public accounting in any state for a combined period of not less than twenty years.

[Statutory Authority: RCW 18.04.350(13). 10-24-009, recodified as 4-30-058, filed 11/18/10, effective 12/19/10. Statutory Authority: RCW 18.04.350(9). 02-17-051, 4-25-930, filed 8/15/02, effective 9/15/02.]

Washington State Code Reviser's Office