KRS 325.350: Revocation or suspension of, or refusal to renew license of firm.

(1) After notice and hearing as provided in KRS Chapter 13B, the board shall revoke

the license to practice of a firm if at any time it does not have all the qualifications

prescribed by this chapter under which it qualified for licensing.

(2) After notice and hearing as provided in KRS Chapter 13B, the board may revoke,

suspend, or refuse to renew the license to practice of a firm or may censure the

licensee for any of the causes enumerated in KRS 325.340, and for the following

additional causes:

(a) The revocation, suspension, or refusal to renew the license to practice of any

partner or shareholder, or any other person with an ownership interest; or

(b) The cancellation, revocation, suspension, or refusal to renew the authority of

the firm or any partner or s hareholder, or any other person with an ownership

interest thereof to practice public accounting in any other state.