The State of Tennessee Department of Commerce and Insurance, through its Tennessee State Board of Accountancy, mandates the utilization of the IN 1324 form as an affidavit for those certified public accountants (CPAs) or licensed public accountants (PAs) seeking an exemption from Continuing Professional Education (CPE) requirements and aiming to switch their certification status from active to inactive. This specific document requires the submission of detailed information, including the licensee's full name and address, under oath to the board. The form is a declaratory step indicating the accountant's commitment to no longer practice public accountancy or offer services that employ accounting or auditing skills, including but not limited to the issuance of financial statement reports, management advisory, financial advisory, consulting services, as well as the preparation of tax returns or providing tax advice, from a specified date. It also encompasses the licensee’s understanding that converting to inactive status prohibits the use of the CPA or PA title without explicitly stating 'Inactive', and outlines the conditions under which one can revert to active status, which includes completing 80 hours of technical CPE in the 24 months preceding such a request. Additionally, it highlights the importance of adhering to the Laws and Rules of the Board of Accountancy, the need for biennial certificate renewal along with the payment of corresponding fees, and acknowledges that any violation of the relevant Tennessee statutes or board rules may result in disciplinary actions. This form carries significant implications for licensees in Tennessee, impacting their professional practice and requiring a notary's verification to affirm its authenticity.
| Question | Answer |
|---|---|
| Form Name | Tennessee Form In 1324 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | Affidavitforina ctive tennessee affidavit for cpa exemption form |
