I'm confused Someone correct if I'm wrong: Once you're licensed and practicing in one state, under the new CPA mobility rules (http://www.cpamobility.org), as long as the license is active, unrestricted & in good standing, you may be able to work in many other states without filing or paying fees in that other state. You just go to cpamobility.org and put in the state you're licensed in ( but is that the principal place of business? or where you're licensed) and then select where you'll be working and what type of work (audit, Tax and consulting services, etc.)?????
But, as I understand it, if you want to set up a CPA firm in another state, you have to get licensed in that other state. To do that, you have two options - 1) apply for reciprocity CPA license in the 2nd state (this is fairly straight forward if the state you're already licensed in is recognized as substantially equivalent by NASBA - see http://www.nasba.org/licensure/substantialequivalency/) OR, if reciprocity is difficult/impossible you can 2) apply as a new CPA applicant in that state (will have to get a copy of your CPA score report again, send in all your transcripts again and verify experience again - all to make sure you're in compliance with that state's requirements).
Is this generally right? So like, as a hypothetical, under the new mobility rules, if you work for a large accounting firm in NY (let's say Big4) and you're licensed in, say, New Hampshire, you can do auditing work and serve clients in say, Colorado without having to obtain a license anywhere else?