Rules and Regulations of the Rhode Island Board of Accountancy

400-RICR-00-00-1 ACTIVE RULE

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1.1Authority, Purpose, and Definitions

1.2Incorporation by Reference

1.3Licensing Provisions

1.4Education Requirement

1.5Experience Requirement

1.6Examination Requirement

1.7Professional Conduct

1.8Continuing Professional Education ("CPE")

1.9Peer Review Standards

1.10Administrative Procedures for Complaints, Investigations, and Contested Hearings

1.11Declaratory Rulings and Petitions for Rulemaking

1.12Access to Public Records Act


Title 400 Board of Accountancy
Chapter 00 N/A
Subchapter 00 N/A
Part 1 Rules and Regulations of the Rhode Island Board of Accountancy
Type of Filing Amendment
Regulation Status Active
Effective 02/19/2023

Regulation Authority:

R.I. Gen. Laws § 5-3.1-4(f).

Purpose and Reason:

During the last rulemaking process for this regulation in February 2022, the Board of Accountancy received a comment from the American Institute of Certified Public Accountants (AICPA) that could not be considered at the time because the requested amendment was not a logical outgrowth of the amendments proposed in that rulemaking. However, upon further discussions with AICPA and the Rhode Island Society of CPAs (RISCPA), the Board unanimously voted to proceed with rulemaking to address this comment. In addition, the Board has proposed some additional substantive amendments, as follows.

§ 1.1.3 –The definition of “Candidate” was relocated to this section and deleted from § 1.6.1. A definition of IQAB was added, it is referred to in § 1.3. Replaced “calendar year” with “licensing period”. 

§ 1.3 – “Reinstatement” was inserted in place of “restoration” for expired licenses. 

§ 1.3(C) – The Board clarified the provisions regarding Inactive Status and added provisions for a Retired Status based upon a review of AICPA/NASBA model law/regulations. The Board deleted the “Voluntary Temporary Hold Status” because reinstatement from an expired license and a license on “Voluntary Temporary Hold Status” is the same process. The board saw no need to have this additional status option. 

§ 1.5.1 – In response to the AICPA/RISCPA request, the Board deleted the requirement the requisite experience be under the direct supervision of a CPA. This conflicted with the Board’s statutory authority in R.I. Gen. Laws § 5-3.1-5(a)(5). The amended language is consistent with the statute and with the AICPA/NASBA model laws. 

§ 1.5.2 – In response to the AICPA/RISCPA request, the Board deleted the word “portfolio” from this section and the supervision requirement consistent with the changes to § 1.5.1.  

§ 1.8.1(A)(2), (A)(3) and (D)(4)(c) – Minor edits for consistency and to avoid confusion by replacing “calendar year” with “licensing period”. This should have been done a few years ago when the CPE reporting period was changed from calendar years to coincide with license renewals.  

§ 1.8.1(G)(2) – Deleted a fee for CPE extensions that was not imposed by the Board.  

§ 1.13 – Added a Fee Table of existing fees. It helps both staff and licensees to easily locate all the fees in one place. None of these fees have been changed. The registration fee is set by statute and the Board has charged the maximum allowed by R.I. Gen. Laws § 5-3.1-7(f). The Reinstatement Fee is in the regulation at § 1.3(B)(1). The license/permit verification fee is a standard fee imposed if a licensee requests verification from the Board of their license when applying for licensure in another state.