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Notice of Effective Date of New Rules for Board of Accountancy
Pursuant to Tenn. Code Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession.
The Tennessee State Board of Accountancy considered new rules at a Rulemaking Hearing conducted on October 17, 2014. These rules were filed with the Secretary of State on February 11, 2015 and will become effective on May 12, 2015.
The rules add provisions for the issuance of a temporary reciprocal license if certain conditions are met; clarify what military education and experience shall be accepted toward the qualifications; and allow for renewal without payment of late fees or proof of continuing education if the licensee is a member of the National Guard or reserve member of the armed forces called to active duty and whose license expires during the period of activation. The rules also amend existing rules governing failure to meet CPE requirements to reflect changes made in the number of minimum hours required in specific subject areas, as well as the total number of hours that must be completed, and specify that failure to timely complete the requirement in the subject areas or failure to complete at least twenty hours in each year of the biennial renewal period will result in a penalty of eight additional CPE hours. Additionally a new rule provides that failure to timely pay professional privilege tax is a ground for disciplinary action. A full copy of these rules can be viewed online at http://www.tn.gov/sos/rules_filings/02-09-15.pdf.
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