OK SB270

Amends Oklahoma Accountancy Act to allow certified public accountants and public accountants licensed in other states to practice in Oklahoma without obtaining an Oklahoma license if their home state license is in substantial equivalence to AICPA/NASBA Uniform Accountancy Act requirements

Requires firms performing audits, reviews, or attestation services for entities with Oklahoma home offices to obtain permits and comply with Board rules, though out-of-state firms with no Oklahoma office may practice without a permit if work is performed by licensed individuals

Modifies CPA and PA firm permit requirements to specify that a simple majority of firm ownership (in financial interests and voting rights) must belong to licensed partners or shareholders, and allows non-licensed owners if firm complies with Board rules

Requires that any individual licensee supervising or signing attest or compilation services reports must meet competency requirements set out in professional standards

Authorizes the Oklahoma Accountancy Board to require peer reviews conducted not less than once every three years for firms performing attest services (except compilations) as a condition for permit issuance or renewal, with peer review fees not to exceed $100