{"data":{"id":"us-mi/mich.-comp.-laws-339.734","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 339.734","heading":"Prohibited conduct; penalties; report to department.","body":"Sec. 734.\n\n(1) A holder of a certificate, registration, or license as a certified public accountant or an individual exercising the practice privilege granted under section 727a and the firm employing that individual is subject to the penalties of section 602 for 1 or more of the following:\n\n(a) Fraud or deceit in obtaining a certificate or registration as a certified public accountant, a license to practice public accounting, or a practice privilege under this article.\n\n(b) Dishonesty, fraud, or negligence in the practice of public accounting.\n\n(c) Violation of a rule of professional conduct promulgated under this article.\n\n(d) Departure from standards of professional practice applicable to the engagement, at the time of engagement.\n\n(e) Conviction of a felony under the laws of this or another state or the United States or conviction of a crime, an element of which is dishonesty, fraud, or negligence, under the laws of this or another state or of the United States, including, but not limited to, the failure to file a personal federal, state, or local income tax return.\n\n(f) Cancellation, revocation, suspension, or refusal to renew authority to practice as a certified public accountant by another state or any jurisdiction of the United States for a cause other than failure to pay a licensure or other required fee in that state.\n\n(g) Suspension or revocation of the right to engage in the practice of public accounting before a state or federal agency or a public accounting oversight board.\n\n(h) Conduct discreditable to the public accounting profession.\n\n(i) Determination of mental incompetency by a court of law.\n\n(j) A violation of this article or a rule promulgated under this article.\n\n(k) A violation of the provisions of section 604.\n\n( l ) A violation of professional standards regarding the issuance of reports on financial statements; 1 or more kinds of management advisory, financial advisory, or consulting services; the preparation of tax returns; or the furnishing of advice on tax matters.\n\n(2) Notwithstanding section 602(e), a person that violates this article or a rule or order promulgated or issued under or related to this article is liable for an administrative fine payable to the department of not more than $25,000.00 per violation.\n\n(3) Within 30 days after a final determination rendered by a federal or state administrative agency or a judgment or conviction issued by a federal court, a state court, or any other court of record, a licensee or registrant shall report to the department in writing or electronically a determination, order, judgment, or conviction regarding a violation in which dishonesty, fraud, or negligence is an element of that determination, order, judgment, or conviction.","path":["MI Code","Chapter 339","Act Act-299-of-1980"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-339-734","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b6233bc734dca83c6940737576bace0c8bcfdd768b46e3566e98054b4759903c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-339.733","next":"us-mi/mich.-comp.-laws-339.734a"},"notice":"GroundRules: Original legal text. Not legal advice."}