MS SB2128

Requires certified public accountants practicing under a Mississippi license to be associated and registered with a certified public accountant firm.

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

Revises substantial equivalency qualifications for out-of-state CPAs to practice in Mississippi, establishing specific education (150 semester hours), examination (Uniform CPA Exam), and experience (1 year) requirements for automatic practice privileges.

Allows CPAs from other states meeting the substantial equivalency requirements to practice in Mississippi without obtaining a Mississippi license or paying fees, but firms performing certain attestation services must obtain a permit.

Effective July 1, 2010.