(1) Renewal notices will be sent as specified in ARM 24.101.414.

(2) All certificates, licenses, and permits to practice must be renewed on or before the date set by ARM 24.101.413.

(3) Renewal licenses, certificates, and permits to practice will be issued by the board to all certified public accountants, licensed public accountants, and permit holders eligible for renewal upon payment of the established renewal fees, pursuant to ARM 24.201.410.

(4) The provisions of ARM 24.101.408 apply.

(5) Every practice unit must submit a statement to the board on their original application and at each renewal, which describes the practice unit's level of association with financial statements.

(6) A practice unit shall be required to file a statement with the board if they:

(a) issue reports which indicate an expert knowledge of accounting or auditing; or

(b) allow their name and designation as a CPA or LPA practice unit to be included on a report that indicates expert knowledge of accounting or auditing.

(7) A practice unit shall not be required to file a statement with the board if they:

(a) do not issue reports which indicate an expert knowledge of accounting or auditing; or

(b) do not allow their name and designation as a CPA or LPA practice unit to be included on a report that indicates expert knowledge of accounting or auditing.