(A) A licensee who is retired and does not perform or offer to perform for compensation one or more kinds of services involving the use of accounting or auditing skills, including issuance of reports on financial statements or of one or more kinds of management advisory, financial advisory, or consulting services or the preparation of tax returns or the furnishing of advice on tax matters, may apply to the board for permission to place the word "Emeritus" adjacent to the licensee's "Certified Public Accountant" title or "Public Accountant" title on any document or device on which the "Certified Public Accountant" or "Public Accountant" title appears.
(B) A license in "Emeritus" status must be renewed annually with no fee required. A license in "Emeritus" status may be reinstated as an active license, subject to fulfilling the requirements for the reinstatement of a lapsed license under Section 40-2-250.
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, in (B), in the second sentence, substituted "may be reinstated as an active license, subject to fulfilling the requirements for the reinstatement of a lapsed license under Section 40-2-250" for "may not be reinstated as an active license"; and deleted (C), which provided that a licensee holding a license in "emeritus" status could apply for licensure under Section 40-2-35 as if the licensee was a new applicant and never sat for the exam.
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.