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In State Firm Licensing Requirements

The Kentucky Board of Accountancy licenses firms and individual CPAs. A firm may take the form of a sole proprietorship, a professional service corporation, a partnership, a limited liability company, or any other business form allowed by law.

Initial Licensing Procedures

Sole Proprietors practicing public accounting must obtain a firm license. Complete and return the Sole Proprietor Firm Application (PDF Format 202K) with a check payable to the Kentucky State Board of Accountancy in the amount of $100.

CPA Firms practicing as an LLP, LLC, PSC, etc. must submit an InState Firm Application (PDF Format - 428K) with a check made payable to the Kentucky State Board of Accountancy in the amount of $100 for a two-year license.

Firms may practice public accounting in Kentucky through the various entities authorized by the laws that regulate business entities and the provisions of KY Revised Statutes Chapter 325. In general all these entities, with a few exceptions, must be registered with the Kentucky Secretary of State's Office prior to registering with the Board of Accountancy Secretary of State. Submit a copy of your approved registration from the Secretary of State with the application.

To register a Branch Office located in Kentucky, download the Firm Change Form (PDF Format - 266K). There is no fee for branch office registrations and it's not required that a CPA be present at this office at all times.

Peer Review

Mandatory peer review exists for all firms performing any attest services, which include audits, reviews and all compilations.  Every firm that provides one or more of these services must enroll in a peer review program and provide the Board with proof of enrollment. Following completion of your peer review, you are required to submit a copy of your peer review report and acceptance letter to the Kentucky State Board of Accountancy.

Every firm must become enrolled in an approved peer review program prior to performing any attest services. The approved peer review program in Kentucky is operated by the Kentucky Society of CPAs Society's website External Link - You are now leaving the .gov domain.. The contact person is Julie Salvaggio, Peer Review Manager, KSCPA, 1735 Alliant Ave., Louisville, KY  40299, (502) 736-1360.  The site is an excellent source of information including enrollment forms that you can download under the "What is Peer Review" section.  

Changes to Firm Licensing Information

The firm manager shall notify the Board on a Firm Change Form (PDF Format - 266K) of any change in the firm's address, ownership, CPA owners/partners who are admitted or leave the firm, etc. within thirty days of the occurrence.

If a firm consists of only two CPA owners, upon the death or retirement of an owner the firm may request a period of up to two years to continue use of the firm name. It should be noted that retirement means complete retirement, not withdrawal from the firm.

Note that a firm name indicating two persons when there is only one owner could be potentially misleading to the public.

Firm License Renewals

In July of 2014 all firms will be required to renew their license through the use of an online process. The fee will be $100 if renewed on or before August 1, 2014. If the firm license is not renewed by August 1 the license will expire and the firm shall immediately cease practicing. However the firm license may still be renewed online until September 1, 2014 but the fee will increase to $200.

Peer Review – Mandatory peer review exists for all firms performing any attest services, which include audits, reviews and all compilations.  Every firm that provides one or more of these services must enroll in a peer review program and provide the Board with proof of enrollment. Following completion of your peer review, you are required to submit a copy of your peer review report and acceptance letter to the Kentucky State Board of Accountancy.

 

Additional Information
 

For your convenience, we have included on-line versions of State Board forms.

These documents are displayed in Portable Document Format (PDF) and you will need Adobe Acrobat to read the forms.

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Searchable Databases
 
Locate Kentucky CPAs and CPA Firms - These are searchable databases of all firms and CPAs registered to practice in Kentucky.
 

Last Updated 12/5/2014
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