Regulation of Accountants – Maryland

Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-309 provides that if an applicant qualifies for a license under the subtitle, the Board shall send the applicant a notice that states that the applicant has qualified for a license; and on receipt of a license fee set by the Board, the Board will issue a license to the applicant.  On payment of the license fee, the Board shall issue a license to each applicant who meets the requirements of this subtitle.

Pursuant to Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-311, unless a license is renewed for a 2-year term as provided in this section, the license expires on the first December 31 that comes after the effective date of the license; and in an even-numbered year.  Before a license expires, the licensee periodically may renew it for an additional 2-year term.

Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-311 provides that, unless a license is renewed for a 2-year term as provided in the section, the license expires on the first December 31 that comes after the effective date of the license; and in an even-numbered year.

Pursuant to Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-314, the Board may reinstate the license of an individual who has failed to renew the license for any reason if the individual otherwise is entitled to be licensed; complies with each continuing education requirement that the Board sets for this purpose; and pays to the Board a reinstatement fee set by the Board.

Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-315 provides that, the Board, on the affirmative vote of a majority of its members, may deny a license to any applicant, reprimand any licensee, or suspend or revoke a license if the applicant or licensee:

  • fraudulently or deceptively obtains or attempts to obtain a license for the applicant or licensee or for another;
  • fraudulently or deceptively uses a license;
  • under the laws of the United States or of any state, is convicted of a felony; or a misdemeanor that is directly related to the fitness and qualification of the applicant or licensee to practice certified public accountancy;
  • is guilty of fraud or other dishonesty in the practice of accountancy;
  • is guilty of gross negligence in the practice of accountancy;
  • has had the right to practice as a certified public accountant in another state denied, revoked, or suspended;
  • has been sanctioned in another state in a matter relating to the practice of public accountancy;
  • has had the renewal of the right to practice as a certified public accountant in another state denied for any cause other than failure to pay a renewal fee;
  • has had the right to practice as a certified public accountant before any unit of the State or federal government revoked or suspended;
  • has been sanctioned by any unit of State or federal government for an act or omission that directly relates to the fitness of the applicant or licensee to practice public accountancy.

Instead of or in addition to reprimanding the licensee or suspending or revoking a license under this subsection, the Board may impose a penalty not exceeding $ 5,000 for each violation.

The Board shall consider the following facts in the granting, denial, renewal, suspension, or revocation of a license or the reprimand of a licensee when an applicant or licensee is convicted of a felony or misdemeanor:

  • the nature of the crime;
  • the relationship of the crime to the activities authorized by the license;
  • with respect to a felony, the relevance of the conviction to the fitness and qualification of the applicant or licensee to practice certified public accountancy;
  • the length of time since the conviction; and
  • the behavior and activities of the applicant or licensee before and after the conviction.

On suspension or revocation of a license, the holder shall surrender to the Board the license certificate of the holder.  At the end of a suspension period, the Board shall return to the licensee the license certificate surrendered under the section.

Pursuant to Md. BUSINESS OCCUPATIONS AND PROFESSIONS Code Ann. § 2-319, the Board may reinstate any license that has been revoked; or before fulfillment of the conditions of the suspension, any license that has been suspended.  A license may be reinstated under the section only if:

  • the individual whose license has been revoked or suspended submits a written request to the Board;
  • the Board holds a hearing on the request;
  • the Board, by an affirmative vote of a majority of its members, votes to reinstate the license; and
  • the individual pays to the Board a reinstatement fee set by the Board.

Inside Regulation of Accountants – Maryland