§ 33-3-102 — Definitions

Wyoming § 33-3-102

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 3: ACCOUNTANTS
• Art. 1: IN GENERAL

Text

(a) As used in this act:
(i) "Board" means the Wyoming board of certified
public accountants created by W.S. 33-3-103;
(ii) "State" means any state of the United States
excluding Wyoming, any territory or insular possession of the
United States or the District of Columbia;
(iii) Masculine terms when used in this act shall
include the feminine;
(iv) "Permit" means a permit to engage in the
practice of public accounting as a "certified public accountant
firm" issued by the board under W.S. 33-3-118 and 33-3-120 which
has not expired, been revoked or suspended;
(v) "Examination" means a written examination
described in W.S. 33-3-109(a)(iv);
(vi) "Attest service" means any of the financial
statement services described in the following subparagraphs.
The statements on standards specified in the following
subparagraphs shall be adopted by reference by the board
pursuant to the Wyoming Administrative Procedure Act and shall
be those developed for general application by recognized
national accountancy organizations such as the American
Institute of Certified Public Accountants and the public company
accounting oversight board:
(A) Any audit or other engagement performed in
accordance with the statements on auditing standards;
(B) Any review of a financial statement to be
performed in accordance with the statements on standards for
accounting and review services;
(C) Any examination of prospective financial
information to be performed in accordance with the statement on
standards for attestation engagements;
(D) Any engagement to be performed in accordance
with the auditing standards of the public company accountancy
oversight board;
(E) Any examination, review or agreed upon
procedures engagement to be performed in accordance with the
statement on standards for attestation engagements other than
examinations described in subparagraph (C) of this paragraph.
(vii) "Certificate" means a certificate as "certified
public accountant" issued under this act or corresponding
provisions of prior law, or a corresponding certificate as
certified public accountant issued after examination under the
law of any other state;
(viii) "Certified public accountant firm" means any
form of organization allowed by state law that has been issued a
permit under this act;
(ix) "Compilation service" means providing a service
to be performed in accordance with the statements on standards
for accounting and review services the objective of which is to
assist management in the presentation of financial statements
and to report on that information without undertaking to obtain
or provide any assurance that there are no material
modifications that should be made to the financial statements in
order for them to be in accordance with the applicable financial
reporting framework;
(x) "Home office" means the location specified by the
client as the address to which a service described in W.S.
33-3-116(a)(iv) is directed;
(xi) "License" means an active certified public
accountant certificate or any other comparable document issued
by any other state based on completing education, examination
and experience requirements;
(xii) "NASBA" means the national association of state
boards of accountancy;
(xiii) "Principal place of business" means the office
location designated by the licensee for purposes of substantial
equivalency and reciprocity;
(xiv) "Substantial equivalency" is a determination by
the board or its designee that the education, examination and
experience requirements contained in the statutes and
administrative rules of another jurisdiction are comparable to
or exceed the education, examination and experience requirements
of W.S. 33-3-116(c)(i) or that an individual certified public
accountant's education, examination and experience are
comparable to or exceed the education, examination and
experience requirements of W.S. 33-3-116(c)(i). In ascertaining
substantial equivalency the board shall take into account the
qualifications without regard to the sequence in which
experience, education or examination requirements were attained;
(xv) "This act" means W.S. 33-3-101 through 33-3-201.