If I hold a valid current CPA license from a “substantially equivalent” state and meet all the other criteria for a practice privilege, am I able to conduct an audit if my firm does not hold a firm license in Wisconsin?
A. No, unless a firm license is not required as discussed in CPA Firms From Outside Wisconsin- Temporary Practice in Wisconsin. An out of state CPA practicing here under our practice privilege statute generally has the same rights as a Wisconsin licensee. In Wisconsin, in order to conduct an audit, even a sole proprietor must also have a firm license. In order to obtain a firm license, at least one CPA in the firm must have a Wisconsin license. If the firm is validly licensed in Wisconsin, then any CPA from that firm may supervise or conduct audits in Wisconsin if they qualify under the practice privilege statute. Back to top CPA Firms From Outside Wisconsin Temporary Practice in Wisconsin Q. My CPA firm has an office outside of Wisconsin and does not have an office in Wisconsin. No members have their primary residence in Wisconsin. The firm is conducting an audit for a client that is headquartered in the state where our office is located, but the client has operating and administrativ
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- If I hold a valid current CPA license from a "substantially equivalent" state and meet all the other criteria for a practice privilege, am I able to conduct an audit if my firm does not hold a firm license in Wisconsin?
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