§ 2-401. Permit to practice accountancy as a firm

   (a) Requirements. -- A firm shall hold a permit issued by the Board if the firm:

   (1) has an office in this State that performs attest services as defined in § 2-101(c) of this title;

   (2) has an office in this State that uses the title "CPA" or "CPA firm"; or

   (3) performs attest services described in § 2-101(c)(1), (4), or (5) of this title for a client with a home office in this State.

(b) Attest services. -- A firm that does not have an office in this State may perform attest services as defined in § 2-101(c)(2) and (3) of this title for a client with a home office in this State without a permit if the firm:

   (1) meets the application and peer review requirements under § 2-402, 2-402.1, 2-403, and 2-4A-02 of this title; and

   (2) performs services through an individual with a practice privilege under § 2-321 of this title.

(c) Issuance or renewal of permit. -- The Board shall grant or renew a permit to practice as a CPA firm to a partnership, limited liability company, or corporation that demonstrates its qualifications in accordance with this section.

(d) Other professional services. -- If a firm does not meet the requirements of this section, the firm may perform other professional services while using the title "CPA" or "CPA firm" in this State without a permit, if the firm:

   (1) performs those services through an individual with a practice privilege provided under § 2-321 of this title; and

   (2) performs those services in the state where the individual with a practice privilege retains a principal place of business.

HISTORY: 2008, ch. 36, § 6; ch. 536; 2009, ch. 220; 2010, ch. 72; 2011, chs. 228, 229.