Banking & Financial Services Attorney in Minneapolis, Minnesota

Reinstating License After It Has Been Revoked

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Yes, certainly – particularly in the more procedural items that I mentioned – for example, not reporting timely. Most state boards have a process for paying a fine and being reinstated – of course, coupled with the compliance with the omitted fact, either a licensing fee being paid or reporting CP, continuing education, or also for getting a peer review done.

In terms of professional malfeasance kinds of issues – audit lapses or the like – CPA licensing boards are increasingly running CPAs into probation, which of course means that once you fulfill a probation, you’re reinstated. Or if you have been totally – totally lost your license, after a certain period of time you’ll have a right to ask for reinstatement. But, of course, that’s not an easy process, not cheap, and there’s no guarantee that it’ll be efficacious.

Minneapolis attorney Tom Shroyer discusses that accountants can have their licenses reinstated.

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