Pursuant to Alaska Stat. § 08.04.370, the title “certified public accountant” or the abbreviation “CPA” may not be used in connection with an office of an organization holding a permit under AS 08.04.240 or 08.04.420(c), unless the supervision requirement of AS 08.04.360 is satisfied.
Alaska Stat. § 08.04.410 provides that an individual holding a license who is not engaged in the practice of public accounting may maintain the license in good standing by notifying the board that the individual is inactive and paying the required fee, notwithstanding AS 08.04.105 or 08.04.195.
At any time after receiving a license, if a licensee decides to perform attest functions, the licensee shall meet the competency requirements established by the board by regulation, pursuant to Alaska Stat. § 08.04.423.
Alaska Stat. § 08.04.440 provides that unless the board determines that the failure is excusable, failure of an individual, partnership, limited liability company, corporation, or other legal entity to apply for the required license, permit, or practice privilege or to pay the required fee within three years from the expiration date of the license, permit, or practice privilege last obtained or renewed; or three years from the date the person was granted a license or permit as a public accountant valid under AS 08.04.661; deprives the individual, partnership, limited liability company, corporation, or other legal entity of the right to a license, permit, or practice privilege or renewal of a license, permit, or practice privilege. In case of excusable failure, the fee for a license, permit, or practice privilege or renewal of a license, permit, or practice privilege under this section may not exceed three times one year’s portion of the fee that would have otherwise been required for the license, permit, or practice privilege, or renewal.
Furthermore, in addition to its powers under AS 08.01.075, Alaska Stat. § 08.04.450 provides that the board may revoke, suspend, or refuse to renew a license, practice privilege, or permit, or may censure a holder of a license, practice privilege, or permit for:
- fraud or deceit in obtaining a license, practice privilege, or permit required by this chapter;
- dishonesty or gross negligence in the practice of public accounting, or other acts discreditable to the accounting profession;
- violation of a rule of professional conduct or other regulation adopted by the board;
- conviction of a felony under the laws of any state or of the United States;
- conviction of any crime, an essential element of which is dishonesty or fraud, under the laws of any state or of the United States;
- 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;
- suspension or revocation of the right to practice before any state or federal agency;
- failure to satisfy the continuing education requirements prescribed by the board under AS 08.04.425, except as conditioned, relaxed, or suspended by the board under AS 08.04.425(c) and (d);
- failure to satisfactorily complete the supervision required by AS 08.04.423 or a quality review requirement under AS 08.04.426; or
- committing an act in another state for which the holder of the license, practice privilege, or permit would be subject to discipline in this state.
Pursuant to Alaska Stat. § 08.04.490, upon application in writing and after a hearing, the board may issue a new license or practice privilege to an individual whose license or practice privilege has been revoked, or may issue a new permit to a person whose permit has been revoked, or may modify the suspension of or may reissue any license, practice privilege, or permit to practice public accounting that has been revoked or suspended.