ABO notes: Board offers best-practice tips

Posted on Wednesday, February 13, 2019 by Gary Hunt

By Laura Hay, CPA, CAE, OSCPA Executive Vice President

Decisions made by the Accountancy Board of Ohio – the entity charged with licensing, regulating and, when necessary, disciplining CPAs – can have a significant impact on all CPAs licensed in Ohio. Because of that, OSCPA representatives attend all ABO meetings to ensure the voices of Society members are heard. Key takeaways from the Feb. 8 meeting include:

  • All Ohio professional licenses are now hosted on a new software platform. If you missed the notice to register in the new software, check out the link on the ABO website before your registration is due. Failure to do so will mean you will not receive license renewal reminders and other ABO news, and you won’t be able to pay your renewal fees electronically.
  • Retirement of your Ohio CPA license is a final act. While it is possible to appeal to the ABO for reinstatement, staff would advise you to think hard about whether you should instead spend the $85 for the three-year non-practicing registration retain the ability to return to practice if needed.
  • Be present if you are scheduled for an ABO hearing. You will not improve your eventual sanction by declining service of the notice and not appearing at the meeting.
  • For CPA candidates, before changing your residency, be sure to research the implications of the licensing requirements of that state.

Regulatory issues before the ABO in February included a request to issue a position on CPAs representing cannabis clients in the state. Board staff advise that CPAs talk to their attorney and malpractice insurance carrier and be aware that it is a risk proposition. While the ABO will not open an investigation under acts discreditable for simply representing a client, the board has not ruled out disciplinary action in the wake of a federal judgment.

The ABO is considering a rule change that would allow CPA exam candidates to apply to take the CPA examination up to 90 days preceding the date on which the candidate will complete the educational requirements for the exam. For more information see draft Rule 4701-3-06. We’d value your thoughts on this proposed change; please share your opinion at government@ohiocpa.com.

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