§ 7401-a. Definitions. As used in this article:\n 1. "Attest" means providing the following public accountancy services\nwhich all require the independence of licensees:\n a. any audit to be performed in accordance with generally accepted\nauditing standards or other similar standards, developed by a federal\ngovernmental agency, commission or board or a recognized international\nor national professional accountancy organization, that are acceptable\nto the department in accordance with the commissioner's regulations;\n b. any review of a financial statement to be performed in accordance\nwith standards, developed by a federal governmental agency, commission\nor board or a recognized international or national professional\naccountancy organization, that are acceptable to the departmen
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§ 7401-a. Definitions. As used in this article:\n 1. "Attest" means providing the following public accountancy services\nwhich all require the independence of licensees:\n a. any audit to be performed in accordance with generally accepted\nauditing standards or other similar standards, developed by a federal\ngovernmental agency, commission or board or a recognized international\nor national professional accountancy organization, that are acceptable\nto the department in accordance with the commissioner's regulations;\n b. any review of a financial statement to be performed in accordance\nwith standards, developed by a federal governmental agency, commission\nor board or a recognized international or national professional\naccountancy organization, that are acceptable to the department in\naccordance with the commissioner's regulations;\n c. any examination to be performed in accordance with attestation\nstandards developed by a federal governmental agency, commission or\nboard or a recognized international or national professional accountancy\norganization, that are acceptable to the department in accordance with\nthe commissioner's regulations; or\n d. any engagement to be performed in accordance with the auditing\nstandards of the public company accounting oversight board.\n 2. "Certified public accountant" or "CPA" means any person who has\nreceived a license from the department or any other state as a certified\npublic accountant for the practice of public accountancy.\n 3. "Compilation" means providing a service that presents, in the form\nof financial statements, information that is the representation of the\nmanagement or owners of the client without undertaking to express any\nassurance of the accuracy of the information in the statements, to be\nperformed in accordance with standards, developed by a federal\ngovernmental agency, commission or board or a recognized international\nor national professional accountancy organization, that are acceptable\nto the department in accordance with the commissioner's regulations.\n 4. "Firm" means a domestic or foreign entity organized as a sole\nproprietorship, a professional service corporation, a partnership, a\nprofessional service limited liability company, a foreign professional\nservice limited liability company, a registered limited liability\npartnership, a foreign registered limited liability partnership, or any\nother form of organization that is established for the business purpose\nof lawfully engaging in the practice of public accountancy.\n 5. "Principal place of business" means the office location designated\nby the licensee from which the person directs, controls, and coordinates\nhis or her professional services.\n 6. "Public accountant" or "PA" means any person who has received a\nlicense from the department as a public accountant for the practice of\npublic accountancy.\n 7. "State" means any state of the United States, the District of\nColumbia, Puerto Rico, the U.S. Virgin Islands, and Guam.\n