Wisconsin § 442.08 - Licensure.
Full text of Wisconsin Wisconsin Statutes § 442.08 — Licensure., with citation guidance and answers to common questions.
§ 442.08. Licensure.
442.08(1) (1) The department shall issue a license to an individual who holds an unrevoked certificate as a certified public accountant, submits an application for the license on a form provided by the department, and pays the initial credential fee determined by the department under s. 440.03 (9) (a) . 442.08(2) (2) The department shall issue a license to a firm that submits an application for the license on a form provided by the department, pays the initial credential fee determined by the department under s. 440.03 (9) (a) , and does each of the following: 442.08(2)(a) (a) Identifies each office of the firm that is located in this state. 442.08(2)(b) (b) If any person who holds an ownership interest in the firm is not licensed under sub. (1) , designates an individual licensed under sub. (1) as the individual responsible for the firm’s compliance with this chapter. 442.08(2)(c) (c) Demonstrates, to the satisfaction of the department, each of the following: 442.08(2)(c)1. 1. That all attest services provided by the firm in this state are under the charge of an individual licensed under sub. (1) . 442.08(2)(c)2. 2. That more than 50 percent of the ownership interest of the firm is held by individuals who hold certificates or licenses to practice as a certified public accountant issued under the laws of any state or foreign country. 442.08(2)(c)3. 3. That each person who holds an ownership interest in the firm, and who does not hold a certificate or license to practice as a certified public accountant, is an individual who actively participates in the firm or an affiliated entity. 442.08(3) (3) The examining board shall promulgate rules that define “ownership interest” for purposes of sub. (2) and for determining the percentage of a person’s ownership interest in a firm. In promulgating the rules, the examining board shall consider the financial interests and voting rights of all members of a firm. 442.08 History History: 1977 c. 29 ; 1981 c. 356 ; 1991 a. 39 ; 2001 a. 16 ; 2007 a. 20 .
Frequently Asked Questions About Wisconsin § 442.08
What does Wisconsin Statutes § 442.08 cover?
Section 442.08 ("Licensure.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 442.08?
A common citation format is "Wisconsin Statutes § 442.08" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 442.08 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.