Section R4-1-456. Reporting Practice Suspensions and Violations

A.       A registrant, individual, or firm shall report to the Board:

1.        Any suspension or revocation of the right to practice accounting before the federal Securities and Exchange Commission, the Internal Revenue Service, or any other state or federal agency;

2.        Any final judgment in a civil action or administrative pro- ceeding in which the court or public agency makes find- ings of violations, by the registrant, of any fraud provisions of the laws of this state or of federal securities laws;

3.        Any final judgment in a civil action in which the court makes findings of accounting violations, dishonesty, fraud, misrepresentation, or breach of fiduciary duty by the registrant;

4.        Any final judgment in a civil action involving negligence in the practice of public accounting by the registrant; and

5.        All convictions of the registrant of any felony, or any crime involving accounting or tax violations, dishonesty, fraud, misrepresentation, embezzlement, theft, forgery, perjury, or breach of fiduciary duty.

B.       A registrant, individual, or firm required to report under sub- section (A) shall make the report in the form of a written letter and ensure that the report is received by the Board within 30 days after the entry of any judgment or suspension or revoca- tion of the registrant’s right to practice before any agency. The registrant, individual, or firm shall ensure that the letter con- tains the following information:

1.        Description of the registrant’s activities that resulted in a suspension or revocation;

2.        Final judgment or conviction;

3.        Name of the state or federal agency that restricted the reg- istrant’s right to practice;

4.        Effective date and length of any practice restriction;

5.        Case file number of any court action, civil or criminal;

6.        Name and location of the court rendering the final judg- ment or conviction; and

7.        Entry date of the final judgment or conviction.

Historical Note

Adopted effective November 5, 1980 (Supp. 80-6). For- mer Section R4-1-57 renumbered as Section R4-1-456 without change effective July 1, 1983 (Supp. 83-4).

Amended effective February 23, 1993 (Supp. 93-1). Amended by final rulemaking at 20 A.A.R. 520, effective February 4, 2014 (Supp. 14-1).