MS HB365

Requires certified public accountants (CPAs) practicing under a Mississippi license to be associated and registered with a CPA firm.

Authorizes the State Board of Public Accountancy to charge applicants a fee for firm permits and requires CPA firms to pay an annual registration fee as determined by the board.

Clarifies definitions of key terms in public accountancy law, including "attest," "CPA firm," "compilation," and "substantial equivalency."

Revises substantial equivalency qualifications for out-of-state CPAs practicing in Mississippi, allowing those meeting specified education, examination, and experience requirements to practice without obtaining a Mississippi license.

Allows out-of-state CPA firms to provide certain services in Mississippi without a permit if they meet qualifications and comply with peer review requirements, effective July 1, 2010.