(1) After notice and hearing as provided in KRS Chapter 13B, the board may revoke, suspend, impose a fine not t o exceed one thousand dollars ($1,000) for each violation of a provision of this chapter or administrative regulations promulgated by the board under this chapter, refuse to issue or renew any license, censure, place on probation, or issue a private reprim and to any person or firm, all with or without terms, for any one (1) or any combination of the following causes: (a) Fraud or deceit in obtaining a license issued under this chapter; (b) Dishonesty, fraud, or negligence while performing any regulated acti vity, including fiscal dishonesty or an intentional breach of fiduciary responsibility of any kind, and also including but not limited to the following: 1. Knowing preparation, publication, or dissemination of false, fraudulent, or materially misleading fi nancial statements, reports, or information; and 2. Embezzlement, theft, misappropriation of funds or property, or obtaining money, property, or other valuable consideration by fraudulent means or false pretenses; (c) Violation of any of the provisions of this chapter or administrative regulations promulgated by the board under this chapter or violation of any order of the board; (d) Violation of a rule of professional conduct promulgated by the board; (e) Conviction of any felony, or of any crime in which dishonesty or fraud is an element, under the laws of any state or of the United States. Conviction includes, but is not limited to, pleading no contest, entering an Alford plea, or entry of a court order suspending the imposition of a criminal penalty to a crime, if in accordance with KRS Chapter 335B; (f) Cancellation, revocation, suspension, or refusal to renew the authority to practice as a certified public accountant or a public accountant in any state; (g) Suspension or revocation of the right to pract ice before any state or federal agency or the Public Company Accounting Oversight Board or its successor; (h) Conduct discreditable to the accounting profession; or (i) Failure to respond to a board inquiry regarding any licensing or complaint matter. (2) In any proceeding in which a remedy provided by subsection (1) of this section is imposed, the board may also require the respondent to pay the costs of the investigation and all proceedings. (3) A private reprimand shall not be subject to disclosure to th e public under KRS 61.878(1)(l). A private reprimand shall not constitute disciplinary action, but may be used by the board for statistical purposes, or in subsequent disciplinary actions against the same licensee. (4) (a) Any licensee disciplined under th is section for a minor violation may request in writing that the board expunge the minor violation from the licensee's record. (b) A request for expungement may be filed no sooner than ten (10) years after the date on which the licensee completed the disci plinary sanctions imposed and may only be filed if the licensee has not been disciplined, within this same period of time, for any subsequent violation of the same nature. (c) No licensee may have his, her, or its record expunged under this section more than once. (d) A minor violation is one that does not: 1. Demonstrate a serious inability to practice the profession; 2. Result in economic harm to a person; or 3. Create a significant threat of such harm. (5) The board shall promulgate administrative regula tions under KRS Chapter 13A to establish procedures to expunge a minor violation.
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