South Carolina Code of Regulations Chapter 1 - DEPARTMENT OF LABOR, LICENSING AND REGULATION BOARD OF ACCOUNTANCY
Here’s a detailed overview of the South Carolina Code of Regulations, Chapter 1 — Department of Labor, Licensing and Regulation, Board of Accountancy:
📘 Key Sections of SC Code Regs. Chapter 1
§ 1‑01 – General Requirements for Licensure as a CPA
Completed applications and fees must be submitted using Board-provided forms.
Applications must be fully answered to be considered.
Applicants taking more than 3 years post-Exam must earn 120 CPE hours within the past 3 years.
Qualifying supervisors must hold an active U.S. license during the experience period (scstatehouse.gov).
§ 1‑02 – Examinations
Accommodations for exam applicants are available if a verifiable hardship is proven (scstatehouse.gov).
§ 1‑03 & § 1‑04 – Deleted provisions (formerly “Practice Privileges” and “Reciprocity”) .
§ 1‑05 – Firm Registration, Resident Managers, Firm Names
Firms offering attest or compilation services or using CPA-related titles (e.g., “CPAs,” “Accounting Practitioners”) must register.
Each SC office requires a resident manager licensed by the SC Board, responsible for standards compliance.
Registered firms cannot employ individuals whose license is revoked/suspended in any U.S. jurisdiction (scstatehouse.gov).
§ 1‑06 – Reinstatement
Covers conditions for reinstating a CPA license after expiration or discipline.
§ 1‑07 – Display of Certificate
Specifies how and where licenses must be publicly displayed.
§ 1‑08 – Continuing Professional Education (CPE)
Mandates CPE requirements, including ethics.
Licensees must maintain CPE records for 5 years.
Retired CPAs require 20 CPE hours annually, with 2 in ethics (llr.sc.gov).
§ 1‑09 – Peer Review
Requires firms offering attest/compilation services to undergo peer review.
§ 1‑10 – Professional Standards
Firms must ensure employees meet professional conduct, and not employ individuals with suspended or revoked licenses (scstatehouse.gov).
§ 1‑11 – Application for Licensure as an Accounting Practitioner
Educational requirements: 24 semester hours of accounting.
Examination requirement: pass designated sections of the Uniform CPA Exam (scstatehouse.gov).
§ 1‑12 – Safeguarding Client Records
If a licensee becomes incapacitated, disappears, dies, or a firm dissolves, a designated person must safeguard client records (regulations.justia.com).
§ 1‑13 – CPA Retired
Defines retired status, eligibility, and CPE requirements (20 hours, 2 in ethics) (llr.sc.gov).
📝 Summary of Major Themes
Theme
Highlights
Application & Exam
Formal forms, timely CPE, exam accommodations
Firm Regulations
Mandatory firm registration, resident manager rules, peer review
Ethics & CPE
Strict ethics CPE requirements, retention of records
Professional Conduct
No employment of suspended practitioners, firm-level accountability
Records Protection
Must designate responsible party for client files
Retired Status
Eases requirements for non-practicing licensees
For full detailed text and updates, refer to the official PDF of Chapter 1, which is maintained by the State Register (scstatehouse.gov, llr.sc.gov).
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