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(a) An individual whose permit to practice has been lapsed for more than one year and less than three years may apply for reinstatement of the permit by
(1) applying on a form provided by the department;
(2) repealed 7/25/2001;
(3) paying for the entire period the permit has been lapsed
(A) the fee established in 12 AAC 02.340(4) , if the individual holds a certificate; or
(B) the fee established in 12 AAC 02.340(6) , if the individual holds a license; and
(4) documenting completion of 120 hours of approved continuing education, in accordance with 12 AAC 04.310 - 12 AAC 04.410, during the 36 months immediately before the date of the application for reinstatement.
(b) Notwithstanding 12 AAC 04.300, a certificate holder whose permit has been reinstated under this section shall complete at least
(1) 10 hours of approved continuing education for each full calendar quarter between the date the permit was reissued and the next renewal date; or
(2) repealed 7/25/2001;
(3) 80 hours of approved continuing education between the date the permit was reissued and the next renewal date.
(c) An individual whose permit to practice has been lapsed three years or more may apply for reinstatement of the permit by
(1) documenting to the satisfaction of the board that the individual's failure to renew the permit was excusable;
(2) meeting the requirements of (a) of this section; and
(3) repealed 4/7/95;
(4) documenting that the continuing education completed in accordance with (a)(4) of this section included successful completion of a current ethics course and examination published by the American Institute of Certified Public Accountants (AICPA) or an ethics examination of another licensing jurisdiction, that, in the determination of the board, is equivalent to the AICPA course and examination described in 12 AAC 04.200(c) .
(d) The board may reinstate an applicant's permit to practice despite failure to furnish evidence of completion of the continuing education requirements in this section, if the board determines that failure to complete the continuing education requirements was due to reasonable cause or excusable neglect and the applicant agrees to complete a particular program or schedule of continuing education prescribed by the board.
History: Eff. 8/14/87, Register 103; am 4/10/88, Register 106; am 4/7/95, Register 134; am 7/27/97, Register 143; am 7/25/2001, Register 159; am 12/15/2002, Register 164
Authority: AS 08.01.100
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Last modified 7/05/2006