Sec. 734a.
(1) An individual, having met the requirements of, and exercising the practice privilege granted by, section 727a, and the firm employing that individual, simultaneously consent to all of the following as a condition of the exercise of that privilege:
(a) To the personal and subject matter jurisdiction and disciplinary authority of the board and the department.
(b) To comply with this act and the applicable rules.
(c) In the event the license from the licensing jurisdiction of the individual's principal place of business is no longer valid, the individual will cease offering or rendering professional services in this state individually and on behalf of a firm.
(d) To the appointment of the state board or other licensing authority issuing his or her license as the agent upon whom process may be served in any action or proceeding by this board against the individual or the firm employing that individual.
(2) An individual having met the requirements as described by section 727a may perform an engagement described in section 720(1)(a)(i), (iii), or (iv) for an entity with its home office in this state only through a firm that has obtained a license under section 728.
(3) A licensee of this state offering or rendering services or using the certified public accountant title in another licensing jurisdiction or before a state or federal agency is subject to the disciplinary action in this state for an act committed in another licensing jurisdiction or before a state or federal agency for which the licensee would be subject to discipline for an act committed in another licensing jurisdiction or before a state or federal agency. The department is required to examine any complaint made by the state board or other licensing jurisdictional authority and may accept, as prima facie evidence of a violation of this act, the final order of violation issued by another state board or other licensing jurisdictional authority.
History: Add. 2008, Act 161, Imd. Eff. June 11, 2008
Popular Name: Act 299
Last modified: October 10, 2016