KRS 325.282: Privilege to practice granted to out -of-state licensee meeting substantially

equivalent licensure requirements -- Qualifications -- Conditions agreed to --

When coordination with in-state firm required -- Revocation of privilege.

(1) A person who does not have an office located in this state and holds a valid license

in good standing to practice as a certified public accountant from any state shall

have all the practice privileges granted to the holder of a license issued under this

chapter without having to obtain a license from the board if at the time of initial

licensure, the person was required to show evidence of having met the following

requirements:

(a) Passage of a board -approved examination in accounting, auditing, and other

related subjects as the board deems appropriate; and

(b) Attainment of the education and experience requirements set forth in KRS

325.261(3) and (5).

(2) A person whose principal place of business is not in this state shall continue to have

all the privileges of l icensees in this state without the need to obtain a license from

the board if, as of June 30, 2025, the person:

(a) Holds a valid license as a certified public accountant from any state; and

(b) Has practice privileges in this state under this chapter.

(3) Notwithstanding any other provision of this chapter, a person who satisfies the

requirements of subsection (1) of this section:

(a) Is not required to provide notice of offering or providing such services to the

board; and

(b) Is subject to the requirements listed in subsection (4) of this section.

(4) A person who offers to perform or performs a regulated activity in person or by

mail, telephone, or other electronic means in this state pursuant to this section

agrees to:

(a) Submit to the personal and subject matter jurisdiction and disciplinary

authority of the board;

(b) Comply with the provisions of this chapter and the administrative regulations

of the board;

(c) Cease exercising the privilege if the license issued by the board or agency

located in the state of the person's principal place of business expires or is no

longer valid;

(d) The appointment of the state board or agency where the person's principal

place of business is located and which issued the person's license as the agent

upon whom process may be served in any action or proceeding by the

Kentucky State Board of Accountancy against that person;

(e) Notify the board prior to opening any office in this state and immediately

apply for a license under KRS 325.280; and

(f) Notify the board immediately if the person's license in the state where his or

her principal place of business is located becomes inactive, lapses, or is

subjected to any disciplinary action.

(5) The board may take disciplinary action against a per son granted a privilege under

this section for an act committed by the person in another state if the act at the time

of its commission is a violation of that state's law or regulations and this chapter or

administrative regulations promulgated pursuant to this chapter.

(6) A person who qualifies for the practice privilege under this section and offers to

perform or performs one (1) or more of the following services for a client with its

home office located in this state or for a person who is a resident of this state shall

perform the service or services through a firm which has obtained a license issued

under KRS 325.301:

(a) Any financial statement audit or other engagement to be performed in

accordance with the Statements on Auditing Standards;

(b) Any e xamination of prospective financial statements to be performed in

accordance with the Statements on Standards for Attestation Engagements; or

(c) Any engagement to be performed in accordance with the Public Company

Accounting Oversight Board Auditing Standards.

(7) (a) Notwithstanding any other provision of this chapter, if the board determines

after evaluation that another state has granted certified public accountant

licenses without requiring candidates to meet minimum qualifications

acceptable to the bo ard and continue to satisfy minimum continuing

professional educational requirements acceptable to the board, the board may

revoke practice privileges in this state for certified public accountants licensed

by that state.

(b) Individual certified public ac countants from states for which practice

privileges have been revoked may continue to qualify for practice privileges

in Kentucky if the person would meet licensing and continuing education

requirements of this state.