326.18 Board, duties, officers, rules, examinations.
Subdivision 1. Members and officers. A majority of the qualified members of the board constitutes a quorum. The board shall elect one of its number as chair, another as vice-chair, and another as secretary and treasurer, who shall hold their respective offices for a term of one year and until their successors are elected. The affirmative vote of a majority of the qualified members of the board is considered the action of the board.
Subd. 2. Duties. The board shall enforce the standard of general education, the standard of special education in the science and art of accounting, and the standard of good character and general public experience, as prescribed in sections 326.165 to 326.229, in all examinations conducted thereunder.
Subd. 3. Rules. The board shall make rules to govern administration of the board, examinations, issuance of certificates, licensing, professional conduct and discipline, continuing education, fees, and practice monitoring.
Subd. 4. Examination. The board may make use of all or any part of the uniform certified public accountant examination and advisory grading service provided by the American Institute of Certified Public Accountants if it deems it appropriate to assist it in performing its duties. These examinations shall be conducted by the board. The examinations shall take place as often as may be convenient in the opinion of the board.
Subd. 5. Records, certificates, and licenses. (a) The board shall keep records of its proceedings, an accurate list of all applications made, licenses and certificates issued, and licenses and certificates disciplined pursuant to section 326.229, and shall keep proper financial records in which there shall be entered a complete statement of the cash receipts and disbursements. All records of the board shall be subject to chapter 13.
(b) The board shall issue to each person who satisfies the examination requirements of section 326.19, subdivision 1, a certified public accountant certificate and shall maintain a record of that issuance. The board shall issue a license as a certified public accountant to each holder of a certified public accountant certificate who satisfies the experience requirements for a license as a certified public accountant or to a person who has been issued a certified public accountant certificate under section 326.19, subdivision 3. The board shall maintain a record of the issuance. It shall adopt and provide itself with a seal with a band inscribed "Certified Public Accountant, State of Minnesota," with the coat of arms of Minnesota in the center, which seal shall be affixed to each certificate of the certified public accountant issued under sections 326.165 to 326.229.
(c) The board shall issue to each person who qualifies for a license under sections 326.165 to 326.229 as a licensed public accountant a certificate as a licensed public accountant and shall maintain a record of that issuance. It shall adopt and provide itself with a seal with a band inscribed "Licensed Public Accountant, State of Minnesota," with the coat of arms of Minnesota in the center, which seal shall be affixed to each certificate of the licensed public accountant issued under sections 326.165 to 326.229.
HIST: (5699) 1909 c 439 s 2; 1955 c 847 s 24; 1959 c 269 s 2; 1963 c 145 s 2; 1971 c 811 s 1; 1973 c 638 s 47; 1975 c 136 s 60; 1976 c 222 s 161; 1979 c 326 s 3,15; 1980 c 591 s 4; 1981 c 12 s 1; 1984 c 543 s 19; 1985 c 248 s 70; 1986 c 444; 1992 c 542 s 4; 1998 c 340 s 3
Official Publication of the State of Minnesota
Revisor of Statutes