How does out-of-state mobility impact firms?
Pursuant to A.R.S § 32-725(G), CPA firms from outside of Arizona may engage in the practice of accounting in Arizona if they meet the four requirements of A.R.S § 32-725(G), which include: • The firm is owned by or employs an individual who is a limited reciprocity privilege holder pursuant to A.R.S § 32-725; • The firm is in good standing in its principal place of business under the laws of that jurisdiction relating to the practice of accounting; • The principal place of business of the limited reciprocity privilege holder is a recognized place of business for the practice of accounting by the firm; • The firm does not have an office in Arizona and does not represent that it has an office in Arizona.
