AK SB227

Creates new "out-of-state permit" and "out-of-state exemption" categories for accounting firms located outside Alaska that perform services for Alaska clients, with requirements including quality review program participation and board notification.

Expands "practice privilege" for individual accountants licensed in other states to practice in Alaska without requiring Alaska licensure, provided they meet substantial equivalency standards and principal place of business is outside Alaska.

Allows partnerships, corporations, and limited liability companies to have non-CPA owners if they designate a CPA or practice privilege holder responsible for registration and all non-CPA owners are active participants in the business.

Modifies substantial equivalency determinations to disregard the order in which education, examination, or experience requirements were attained, and removes the requirement that applicants request substantial equivalency determinations.

Effective date January 1, 2011, with transitional provisions allowing current permit and practice privilege holders to continue operating under previous rules until normal expiration.