State Board of Accountancy v. Integrated Financial Solutions, L.L.C.

STEPHEN N. LIMBAUGH, JR., Judge.

The issue presented in this appeal is whether the Missouri State Board of Accountancy may exercise its discretion to deny a permit to a public accounting firm based on the criminal conduct of a 49% shareholder that occurred before the formation of the firm. After the Administrative Hearing Commission (AHC), the Circuit Court of Cole County, and the Court of Appeals answered that question in the negative, this Court granted transfer. Mo. Const, art. V, sec. 10. The judgment is reversed.

I. Facts and Procedural History

In 1999, Carl Kossmeyer pled guilty to wire…