![]() (13) Commission means a fee calculated as a percentage of the total value of the sale of a product or service that is paid or received in the form of money or other valuable consideration. An employer is considered a client for inactive status licensees. (12) Client means a person or entity who agrees with a licensee, or employer of a licensee to receive any professional service from the licensee or employer of licensee. (11) Certificate means a certificate of certified public accountant issued under ORS 673.040 (Eligibility for certificate of certified public accountant). (10) Censure means an official written expression of reprimand, by Board action, to a licensee for specified conduct. ![]() (9) Candidate means a person applying for the CPA Exam. (8) CPE means continuing professional education. ![]() (7) CPA Exam means the Uniform Certified Public Accountant Examination. (6) CPA or Certified Public Accountant means a person who has a certificate of certified public accountant issued under ORS 673.040 (Eligibility for certificate of certified public accountant). (5) Business organization means any form of business organization authorized by law, including but not limited to a proprietorship, partnership, corporation, limited liability company, limited liability partnership or professional corporation. (f) The statements on standards specified in subsections (a) through (d) of this definition are those developed by the AICPA. (4) Attestation Services means the following professional services required to be performed under the following standards: (a) Any audit or other engagement for which performance standards are included in the Statements on Auditing Standards (SAS), International Standards on Auditing (ISA), or other internationally recognized auditing standards (b) Any review of a financial statement for which performance standards are included in the Statement on Standards for Accounting and Review Services (SSARS) (c) Any examination of prospective financial information for which performance standards are included in the Standards for Attest Engagements (SSAE) (d) Any examination, review or agreed upon procedures engagement other than an examination described in paragraph (c) of this subsection for which performance standards are included in the Statements on Standards for Attestation Engagements (SSAE) and (e) Any engagement for which performance standards are included in the Auditing Standards of the Public Company Accounting Oversight Board in the United States (PCAOB). (3) Applicant means a person applying for a license to practice public accountancy. (2) AICPA means American Institute of Certified Public Accountants. As used in OAR Chapter 801, the following terms or abbreviations have the following meanings, unless otherwise defined therein: (1) Active means a license issued by the Oregon Board of Accountancy to an individual who has met the requirements to hold a CPA or PA license, maintains the license and is in good standing.
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