General Requirement (See generally Mich. Comp. Laws §339.727a) Effective June 11, 2008: An individual whose principal place of business is not in Michigan shall be considered to have qualifications substantially equivalent to Michigan's requirements and shall have all the privileges of Michigan licensees and may practice public accountancy without the need to obtain a certificate, license or temporary practice permit if: - The individual holds a valid license as a CPA from another licensing jurisdiction that requires, as a condition of licensure, that the individual meets all of the following:
- Has at least 150 semester hours of college education including a baccalaureate or higher degree conferred by a college or university;
- Achieves a passing grade on the uniform certified public accountant examination; and
- Possesses at least one (1) year of experience including providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax, or consulting skills, all of which may be obtained through government, industry, academic, or public practice as verified by a licensee. OR
- The individual holds a valid license as a CPA from another licensing jurisdiction that does not meet the above requirements, but such individual's CPA qualifications are substantially equivalent to those requirements. Any individual who passed the Uniform CPA Exam and holds a valid license issued by another licensing jurisdiction prior to January 1, 2012, is exempt from the education requirement of 150 semester hours of college education including a baccalaureate or higher degree.
Click here to view a list of substantially equivalent jurisdictions.
Pursuant to Mich. Comp. Laws §339.734a, an individual exercising the practice privilege and the firm employing that individual simultaneously consent to all of the following as a condition of the exercise of that privilege: - The personal and subject matter jurisdiction and disciplinary authority of the Michigan State Board of Accountancy and the Department of Licensing and Regulatory Affairs;
- Comply with Mich. Comp. Laws § 339.720 et seq. and applicable rules;
- In the event the license from the licensing jurisdiction of the individual's principal place of business is no longer valid, the individual will cease offering or rendering professional services in Michigan individually and on behalf of a firm; and
- The appointment of the state board or other licensing authority issuing his or her license as the agent upon whom process may be served in any action or proceeding by the Michigan Board against the individual or the firm employing that individual.
Firm Registration Requirements May Apply. (See Mich. Comp. Laws §339.728(4)-(5)) If an individual qualified to exercise practice privileges wishes to perform any type of service which they are permitted or authorized to perform in their home jurisdiction for an entity with its home office in Michigan, they must do so either: - Through a firm that has obtained a valid Michigan firm license if the firm has a location in Michigan; or
- Through a firm with practice privileges in Michigan.
To qualify for practice privileges, a firm must: - Meet the ownership and peer review requirements of Michigan; and
- Be authorized to perform the same services in the home jurisdiction of the person performing the services under individual practice privileges.
Temporary Permit Requirements May Apply. (See Mich. Comp. Laws §339.724) - A licensed certified public accountant of another licensing jurisdiction who does not meet the requirements of section 727a, or an accountant who is licensed in a foreign country for the practice of public accounting in that country, from temporarily and periodically engaging in the practice of public accounting in this state if all of the following requirements are met:
- The individual is conducting a regular practice of public accounting in another licensing jurisdiction or foreign country.
- The temporary practice is conducted in conformity with section 736 and applicable rules promulgated by the director, if any.
- If requested by an insurer, a licensee who agrees to issue an audit report concerning the statutory financial statements of a domestic insurer shall include an opinion as to whether the financial information is presented according to statutory accounting principles as prescribed or permitted by the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302, or orders issued or rules promulgated under that act.
- An opinion issued pursuant to this section may be separate from the audit report if the letter of engagement provides that the opinion be available for general distribution
- The individual secures a temporary permit from the department to conduct the practice in this state.
- A person from preparing a financial report or tax return, not requiring the expression of an opinion on the report or return, for filing with a federal, state, or local governmental unit.
- An individual who may be employed by more than one (1) individual or firm from keeping books, making trial balances or statements, and preparing audits or reports, if the audits or reports are not used or issued by the employer as having been prepared by a certified public accountant.
- A firm that does not hold a valid license under section 728 and that does not have an office in this state from providing its professional services in this state in the practice of public accountancy and from using the certified public accountant designation so long as it complies with the requirements of section 728(4) or (5), whichever is applicable.(See generally Mich. Admin. Code R. 338.5501)
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