[yingyangsoup89]

Hi all,

I passed the CPA exam under Iowa jurisdiction in 2012. For what it’s worth, Iowa and Colorado are substantially equivalent states.

In Iowa, I worked 1 year as an auditor in a CPA firm. I met the work experience requirement in 2014, and was officially licensed in the State of Iowa.

I moved to Colorado in January 2015 and began working as an auditor in a CPA firm. I’m still with the CPA firm to date working as a financial statement auditor. I misinterpreted the substantially equivalent law, and thought that I could practice with an Iowa CPA license in the State of Colorado, when Colorado is my principal place of residence. My business card has ‘CPA’ on it as well. My job knows that I hold a State of Iowa license.

I recently found out that substantially equivalency doesn’t apply if you’ve changed your principal place of business, which means I should’ve obtained a Colorado CPA license when i moved.

I recently applied for reciprocity in Colorado, and DORA mailed me a letter informing that I violated various rules, and they will be issuing a complaint/disciplinary action against me. Apparently, someone from DORA will contact me in the coming weeks.

What should I expect in terms of discipline given this was an honest mistake?

thanks

FAR-89
AUD-92
REG-84
BEC- 90
Ethics-93

Licensed CPA, State of Iowa.