ARC 7688C
ACCOUNTANCY EXAMINING BOARD[193A]
Adopted and Filed
Rulemaking related to fees
The Accountancy Examining Board hereby rescinds Chapter 12, “Fees,” Iowa Administrative Code, and adopts a new chapter with the same title.
Legal Authority for Rulemaking
This rulemaking is adopted under the authority provided in Iowa Code section 542.4.
State or Federal Law Implemented
This rulemaking implements, in whole or in part, Iowa Code chapter 542 and Executive Order 10 (January 10, 2023).
Purpose and Summary
These amendments implement changes recommended by Executive Order 10. The purpose of Chapter 12 is to provide helpful information on the fees to acquire and maintain a Certified Public Accountant (CPA)/Licensed Public Accountant (LPA) license, plus information on reinstating a lapsed license.
Public Comment and Changes to Rulemaking
Notice of Intended Action for this rulemaking was published in the Iowa Administrative Bulletin on January 10, 2024, as ARC 7395C. Public hearings were held on January 30, 2024, and January 31, 2024, at 12:30 p.m.	at 6200 Park Avenue, Des Moines, Iowa. No one attended the public hearings. No public comments were received. No changes from the Notice have been made.
Adoption of Rulemaking
This rulemaking was adopted by the Board on February 15, 2024.
Fiscal Impact
This rulemaking has no fiscal impact to the State of Iowa. No current fees are being changed, and no new fees are being imposed.
Jobs Impact
After analysis and review of this rulemaking, no impact on jobs has been found.
Waivers
Any person who believes that the application of the discretionary provisions of this rulemaking would result in hardship or injustice to that person may petition the Department of Inspections, Appeals, and Licensing for a waiver of the discretionary provisions, if any, pursuant to 481—Chapter 6.
Review by Administrative Rules Review Committee
The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rulemaking by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rulemaking at its regular monthly meeting or at a special meeting. The Committee’s meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).
Effective Date
This rulemaking will become effective on April 10, 2024.
The following rulemaking action is adopted:
	Item 1. Rescind 193A—Chapter 12 and adopt the following new chapter in lieu thereof:
CHAPTER 12
FEES
193A—12.1(542) Fees. The following is a schedule of the fees for examinations, certificates, licenses, permits and renewals adopted by the board:

Initial CPA examination application:	 	
Paid directly to CPA examination services	not to exceed $1,500	
Reexamination:	 	
Paid directly to CPA examination services	not to exceed $1,500	
Original issuance of CPA certificate or LPA license by examination (fee includes wall certificate)	$100	
Original issuance of CPA certificate by reciprocity or substantial equivalency	$100	
CPA wall certificate or LPA license issued by reciprocity or substantial equivalency	$50	
Replacement of lost or destroyed wall CPA certificate or LPA license	$50	
Original issuance of attest qualification	$100	
Annual renewal of CPA certificate or LPA license—active status	$100	
Late renewal of CPA certificate or LPA license within 30-day grace period (July 1 to July 30)—active status	$25	
Annual renewal of CPA certificate or LPA license—inactive status	$50	
Late renewal of CPA certificate or LPA license within 30-day grace period (July 1 to July 30)—inactive status	$10	
Original issuance of firm permit to practice	$100	
Annual renewal of firm permit to practice	$100	
Reinstatement of lapsed CPA certificate or LPA license	$100 + renewal fee + $25 per month of expired registration	
Reinstatement of lapsed firm permit to practice	$100 + renewal fee + $25 per month of expired registration	
Interstate Transfer Form	$25	
License predetermination fee	$25	
193A—12.2(542) Reinstatement.
	12.2(1) Reinstatement of a lapsed CPA certificate or LPA license. The fee for the reinstatement of a lapsed CPA certificate or LPA license is $100 plus the renewal fee plus $25 per month of expired registration up to a maximum of $1,000.
	12.2(2) Reinstatement of lapsed firm permit to practice. The fee for the reinstatement of a lapsed CPA or LPA firm permit to practice for applications is $100 plus the renewal fee plus $25 per month of expired registration up to a maximum of $1,000.
	12.2(3) Applicants for reinstatement. All applicants for reinstatement will be assessed the $100 reinstatement fee. The $25 per month penalty fee described in subrules 12.2(1) and 12.2(2) will not be assessed if the applicant for reinstatement did not, during the period of lapse, engage in any acts or practices for which an active CPA certificate, LPA license, or firm permit to practice as a CPA or LPA firm is necessary in Iowa. Falsely claiming an exemption from the monthly penalty fee is a ground for discipline; in addition, other grounds for discipline may arise from practicing on a lapsed certificate, license or permit to practice.
193A—12.3(542) Prorating of certain fees. Fees for the issuance of an original CPA certificate or LPA license, pursuant to rule 193A—5.3(542), or the issuance of an initial permit to practice to a CPA or LPA firm, pursuant to rule 193A—7.1(542), will not be prorated.
These rules are intended to implement Iowa Code chapter 542.
[Filed 2/15/24, effective 4/10/24]
[Published 3/6/24]
Editor’s Note: For replacement pages for IAC, see IAC Supplement 3/6/24.