Act 2003-393 (now codified in
Section 34 of the Code of Alabama 1975), enacted during the 2003
Regular Session of the Alabama Legislature, allows for
ownership of CPA or PA firms by non-licensee owners (NLOs) provided
that:
- Holders of valid CPA or PA
certificates must own at least 51% of the
firm;
- The NLO is an active participant in the
CPA or PA firm or affiliated entities;
- The NLO has never been licensed as a
CPA or PA; and
- The NLO registers annually with the
Board, pays the required registration fee, completes required
continuing professional education, and follows the laws and rules
governing the practice of accounting in the state of Alabama.
Accountancy Laws - Section 34-1-6 - Registration of CPA Firms
Accountancy Laws - Section 34-1-9 - Registration of PA Firms
Accountancy
Rules - Chapter 30-X-3 - Registration
Accountancy Rules
- Chapter 30-X-5
-
CPE
NLO 2010-2011 Registration Packet
(PDF)
Register of NLOs
(PDF) current as of October 1, 2010
Please ensure you have the free
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before clicking on the PDF files.
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