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Indiana Code Title 25. Professions and Occupations § 25-2.1-5-7

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 7. (a) An applicant for initial issuance or renewal of a permit under this chapter shall:

(1) list each state in which the applicant has applied for or holds a permit to practice accountancy as a firm;

(2) list any past denial, revocation, or suspension of a permit by another state; and

(3) notify the board in writing, not more than thirty (30) days after a change:

(A) in the identities of partners, members, officers, or shareholders who work regularly in Indiana;

(B) in the number or location of offices in Indiana;

(C) in the identity of the individuals in charge of the offices; and

(D) of the issuance, denial, revocation, or suspension of a permit by another state.

(b) Firms that fail to comply with this chapter due to changes in firm ownership or personnel, after receiving or renewing a permit, shall take corrective action to bring the firm into compliance as quickly as possible. The board may grant a reasonable time for a firm to take corrective action. Failure to bring the firm into compliance within a reasonable period as determined by the board shall result in the suspension or revocation of the firm permit.

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Cite this article: FindLaw.com - Indiana Code Title 25. Professions and Occupations § 25-2.1-5-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-25-professions-and-occupations/in-code-sect-25-2-1-5-7/

Read this complete Indiana Code Title 25. Professions and Occupations § 25-2.1-5-7 on Westlaw

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