A licensee who is under investigation for a violation provided for in this chapter or Section 40-1-110 may voluntarily surrender his or her authorization to practice to the board. The voluntary surrender invalidates the authorization to practice at the time of its relinquishment, and no person whose authorization to practice is surrendered voluntarily may practice accountancy unless the board, by a majority vote, reinstates the license. A person practicing accountancy during the period of voluntary surrender is considered an illegal practitioner and is subject to the penalties provided by this chapter. The surrender of an authorization to practice must not be considered an admission of guilt in a proceeding under this chapter and does not preclude the board from taking disciplinary action against the licensee as provided for in this chapter including, but not limited to, imposing prerequisite conditions for board reinstatement of the license.
HISTORY: 1996 Act No. 453, Section 1; 2004 Act No. 289, Section 1; 2022 Act No. 174 (S.812), Section 1, eff May 16, 2022.
Effect of Amendment
2022 Act No. 174, Section 1, reenacted the section with no apparent change.
Structure South Carolina Code of Laws
Title 40 - Professions and Occupations
Section 40-2-5. Purpose of chapter.
Section 40-2-70. Powers and duties of board.
Section 40-2-80. Investigations of complaints or other information suggesting violations; report.
Section 40-2-90. Report of violations to board; hearing; notice to accused licensee or registrant.
Section 40-2-130. Denial of authorization to practice.
Section 40-2-140. Effect of prior criminal conviction on authorization to practice.
Section 40-2-170. Costs of investigation and prosecution.
Section 40-2-180. Unpaid costs become judgment.
Section 40-2-200. Violations; penalty.
Section 40-2-240. Licensing of persons licensed in another state.
Section 40-2-245. Requirements to practice if licensed out of state.
Section 40-2-250. Renewal of licenses; reinstatement of lapsed licenses.
Section 40-2-255. Renewal of registration; peer reviews.
Section 40-2-270. "Emeritus" status.
Section 40-2-275. "Retired" status.
Section 40-2-330. Severability.
Section 40-2-510. Persons considered to be engaged in practice.
Section 40-2-520. Unlicensed practice.
Section 40-2-540. Authority of board.
Section 40-2-550. Applicant qualifications.
Section 40-2-560. Issuance of licenses.
Section 40-2-570. Disciplinary action.
Section 40-2-580. Initiation of proceedings; procedures.