Rules & Regulations of the State of Tennessee Title 0020 - Accountancy
Here’s an overview of Tennessee’s Title 0020 – Accountancy Rules & Regulations, as regulated by the Tennessee State Board of Accountancy:
📘 Structure: Title 0020 Chapters
The regulation is organized into six chapters covering the following areas:
Licensing & Registration Requirements (0020‑01)
Educational & Experience Requirements (0020‑02)
Professional Conduct Rules (0020‑03)
Disciplinary Actions & Civil Penalties (0020‑04)
Continuing Education (CPE) (0020‑05)
Peer Review Program (0020‑06) (law.cornell.edu, regulations.justia.com, tscpa.com)
1. Licensing & Registration (Ch. 0020‑01)
Definitions: Covers terms such as “CPA,” “License,” “Expired License” (licensed >6 months past expiration), etc. (regulations.justia.com)
Other rules specify requirements for permits, residency, firm registration, denials, and certificates.
2. Education & Experience (Ch. 0020‑02)
Requires at least 30 semester credit hours in accounting from approved subject areas (e.g., auditing, tax, managerial accounting), plus 24 business hours (e.g., statistics, business law) (regulations.justia.com)
Upper‑division coursework requirements and internship hour limits are also spelled out. (casetext.com)
3. Professional Conduct (Ch. 0020‑03)
Defines conduct standards: independence, integrity, objectivity, competence, confidentiality, record retention, advertising rules, etc. (law.cornell.edu)
All licensees—whether practicing in the U.S. or abroad—must comply with these rules or AICPA guidance when rules are silent. (law.cornell.edu)
Firm name regulations: Must register names, avoid misleading titles (e.g., “LLP” or “CPA” misuse), and obtain board approval.
4. Disciplinary Action & Penalties (Ch. 0020‑04)
Outlines investigations, hearings, penalties, and disciplinary procedures for violations (e.g., fraud, misconduct). Details can be found under Chapter 0020‑04.
5. Continuing Education (Ch. 0020‑05)
Renewal requires 80 CPE hours every 2 years, with a minimum of 20 per year, and at least 40 technical hours. (law.cornell.edu, tn.gov)
If performing attest services, 20 of those must be in accounting/auditing; ethics requirement is 2 hours of Tennessee‑specific ethics. (tn.gov)
Carryover: Up to 24 extra hours may be carried forward to the next period; audit of CPE compliance is conducted annually for 10% of licensees.
6. Peer Review Program (Ch. 0020‑06)
Specifies requirements for peer reviews, reporting procedures, deadlines, and granting board access to peer review documentation.
✅ Where to Read the Full Text
Tennessee SOS's official Codified rules: [0020 – Board of Accountancy] (tscpa.com, publications.tnsosfiles.com)
Cornell LII compiled text: Chapters 0020‑01 through 06, current through December 26, 2024 (law.cornell.edu)
🔍 Tips & Notes
The rules are updated quarterly—visit the [Tennessee SOS effective rules page] or the Tennessee Board of Accountancy's website for the latest updates (sos.tn.gov).
For a detailed look at amendments (e.g., definitions of “Expired License” and CPE acceptance criteria), refer to recent rule filings (e.g., 2024 updates effective May 28, 2024). (tscpa.com)
\
RELATED Blog
0 comments