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Terms Used In Tennessee Code 62-1-117

  • Appraisal: A determination of property value.
  • Board: means the state board of accountancy established under §. See Tennessee Code 62-1-103
  • Certificate: means a certificate as certified public accountant issued under §. See Tennessee Code 62-1-103
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • License: means a certificate issued under §. See Tennessee Code 62-1-103
  • Licensee: means the holder of a license. See Tennessee Code 62-1-103
  • Permit: means a permit to practice as a CPA firm issued under §. See Tennessee Code 62-1-103
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Professional: means arising out of or related to the specialized knowledge or skills associated with CPAs. See Tennessee Code 62-1-103
  • Public accountant: means a person holding a registration issued under §. See Tennessee Code 62-1-103
  • State: means any state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands and Guam, except that "this state" means the state of Tennessee. See Tennessee Code 62-1-103
  • Substantial equivalency: is a determination by the board of accountancy or its designee that the education, examination and experience requirements contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination and experience requirements contained in this chapter or that an individual CPA's education, examination and experience qualifications are comparable to or exceed the education, examination and experience requirements contained in this chapter. See Tennessee Code 62-1-103
(1) An individual whose principal place of business is not in this state having a valid license as a certified public accountant from any state that the board or its designee has verified to be in substantial equivalence with the CPA licensure requirements of this chapter shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the privileges of licensees of this state without the need to obtain a certificate or permit under § 62-1-107 or § 62-1-108. Notwithstanding any other law, an individual who offers or renders professional services under this section, whether in person, by mail, telephone or electronic means, shall be granted practice privileges in this state; and no notice or other submission shall be provided by the individual. The individual shall be subject to the requirements in subdivision (a)(3).
(2) An individual whose principal place of business is not in this state having a valid license as a certified public accountant from any state that the board or its designee has not verified to be in substantial equivalence with the CPA licensure requirements of this chapter shall be presumed to have qualifications substantially equivalent to this state’s requirements and shall have all the privileges of licensees of this state without the need to obtain a certificate or permit under § 62-1-107 or § 62-1-108 if the individual obtains from the board or its designee verification that the individual’s CPA qualifications are substantially equivalent to the CPA licensure requirements of this chapter. Notwithstanding any other law, an individual who offers or renders professional services under this section, whether in person, by mail, telephone or electronic means, shall be granted practice privileges in this state; and no notice or other submission shall be provided by the individual. The individual shall be subject to the requirements in subdivision (a)(3).
(3) An individual licensee of another state exercising the privilege afforded under this section and the CPA firm that employs the licensee, as a condition of the grant of this privilege, simultaneously consent to the following:

(A) To the personal and subject matter jurisdiction and disciplinary authority of the board;
(B) To comply with this chapter and the board’s rules;
(C) That in the event the license from the state of the individual’s principal place of business is no longer valid, the individual shall cease offering or rendering professional services in this state individually and on behalf of a CPA firm; and
(D) To the appointment of the state board that issued the license as the agent upon whom process may be served in the action or proceeding by this board against the licensee.
(4) The board may utilize the service of the NASBA National Qualification Appraisal Service to verify qualifications necessary for substantial equivalency.
(b) A licensee of this state offering or rendering services or using the licensee’s CPA title in another state shall be subject to disciplinary action in this state for an act committed in another state for which the licensee would be subject to discipline for an act committed in the other state. The board shall be required to investigate any complaint made by the board of accountancy of another state.
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