(a) In addition to its powers under Alaska Stat. § 08.01.075, the board may revoke, suspend, or refuse to renew a license, practice privilege, or permit, may censure a holder of a license, practice privilege, or permit, or may require a holder of a license, practice privilege, or permit to undergo a peer review under terms required by the board or satisfactorily complete continuing education, if the board finds

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Terms Used In Alaska Statutes 08.04.450

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fraud: Intentional deception resulting in injury to another.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) fraud or deceit in obtaining a license or permit required by this chapter;
(2) dishonesty or gross negligence in the practice of public accounting, or other acts discreditable to the accounting profession;
(3) violation of a provision of Alaska Stat. § 08.04.500 – partnership, limited liability company, corporation, or other legal entity” class=”unlinked-ref” datatype=”S” sessionyear=”2023″ statecd=”AK”>08.04.610 or failure to take corrective action to comply with Alaska Stat. § 08.04.240 (i) within the time allowed under Alaska Stat. § 08.04.240 (j);
(4) violation of a rule of professional conduct or other regulation adopted by the board;
(5) conviction of a felony under the laws of any state or of the United States;
(6) conviction of any crime, an essential element of which is dishonesty or fraud, under the laws of any state or of the United States;
(7) cancellation, revocation, suspension, or refusal to renew authority to practice as a certified public accountant or public accountant in any other state for any cause other than failure to pay a required fee;
(8) suspension or revocation of the right to practice before any state or federal agency;
(9) failure to satisfy the continuing education requirements prescribed by the board under Alaska Stat. § 08.04.425, except as conditioned, relaxed, or suspended by the board under Alaska Stat. § 08.04.425 (c) and (d);
(10) failure to comply with the peer review requirement under Alaska Stat. § 08.04.426;
(11) commission of an act in another state for which the holder of the license, practice privilege, or permit would be subject to discipline in this or the other state;
(12) dishonesty, fraud, deceit, or gross negligence by the holder of a license, practice privilege, or permit in the filing or failure to file the income tax returns of the holder of the license, practice privilege, or permit;
(13) violation of professional standards;
(14) performance of any fraudulent act while holding a license, practice privilege, or permit under this chapter; or
(15) a false or misleading statement or verification provided in support of the application of another person for a license or permit under this chapter.
(b) The board shall investigate a complaint made by the board of accountancy, or other regulatory body for the practice of accounting, of another state.
(c) The board may require the holder of a license, practice privilege, or permit who is disciplined under (a) of this section to bear the costs of the disciplinary proceedings.
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