The board shall grant retired status to a person who meets the following criteria:
(1) is age 55 or older;
(2) holds a current active license to practice public accounting under this chapter with a license status of active, inactive, or exempt under Minnesota Rules, part 1105.3700;
(3) declares that he or she is not practicing public accounting in any jurisdiction;
(4) was in good standing with the board at the time the person last held a license under this chapter; and
(5) submits an application for retired status on a form provided by the board.
Retired status is an honorific status. Retired status is not a license to engage in the practice of public accounting. A person granted retired status shall not perform or offer to perform services for which a license under this chapter is required.
The board shall provide to a person granted retired status a document stating that retired status has been granted.
A person granted retired status may represent themselves as "Certified Public Accountant - Retired," "CPA - Retired," "Retired Certified Public Accountant," or "Retired CPA," but shall not represent themselves or allow themselves to be represented to the public as a current licensee of the board.
A person is not required to comply with the continuing education requirements in section 326A.04, subdivision 4, to acquire or maintain retired status.
A person granted retired status is not required to renew the person's registration or pay renewal fees to maintain retired status.
The board shall change a license status from retired to active or inactive if a person with retired status requests a status change and meets requirements for reactivation prescribed by rule.
Official Publication of the State of Minnesota
Revisor of Statutes