§ 47–2853.41. Definitions; scope of practice for accountants.

For the purposes of this part, the term:

(1) “Attest services” or “attestation services” means providing any of the following services:

(A) An audit or other engagement to be performed in accordance with the Statements on Auditing Standards;

(B) A review of a financial statement to be performed in accordance with the Statements on Standards for Accounting and Review Services;

(C) An examination of prospective financial information to be performed in accordance with the Statements on Standards for Attestation Engagements;

(D) An engagement to be performed in accordance with the Auditing Standards of the Public Company Accounting Oversight Board; and

(E) An examination, review, or agreed-upon procedures engagement to be performed in accordance with the Statements on Standards for Attestation Engagements, other than an examination described in subparagraph (C) of this paragraph.

(2) “Board” means the Board of Accountancy established under § 47-2853.06(b).

(3) “Certificate” means the certificate of certified public accountant.

(4) “Compilation service” means providing a service to be performed in accordance with Statements on Standards for Accounting and Review Services that is presenting in the form of financial statements information that is the representation of management or owners without undertaking to express any assurance on the statements.

(5) “Firm” means a sole proprietorship, a corporation, a partnership, or any other form of organization.

(6) “Home office” means the location specified by the client as the address to which a service described in § 47-2853.49(d)(4) is directed.

(7) “Practice of certified public accounting” means providing accounting or consulting services under circumstances where there is an expectation of public confidence in the services, and attesting to the results, including:

(A) Expressing opinions on financial statements or audits;

(B) Reviewing financial statements and issuing reports in standard form on the statements;

(D) Examining prospective financial information.

(8) “Principal place of business” means the office location designated by a certified public accountant for purposes of § 47-2853.49 and reciprocity.

(Apr. 20, 1999, D.C. Law 12-261, § 1002, 46 DCR 3142; Dec. 2, 2011, D.C. Law 19-43, § 2(c), 58 DCR 8928; Apr. 15, 2017, D.C. Law 21-276, § 2(b), 64 DCR 955.)

Prior Codifications

1981 Ed., § 47-2853.41.

Section References

This section is referenced in § 47-2853.06 and § 47-2853.44.

Effect of Amendments

D.C. Law 19-43 rewrote the section, which formerly read:

“(a) For the purposes of this part, the term ‘Practice of Certified Public Accounting’ means providing accounting or consulting services under circumstances where there is an expectation of public confidence in such services, and attesting to the results, including (1) expressing opinions on financial statements (audits); (2) reviewing financial statements and issuing reports in standard form on such statements; (3) compiling financial statements and issuing reports in standard form on such compilations; (4) examining prospective financial information.

“(b) For the purposes of this part, the term ‘certificate’ means the Certificate of certified public accountant.”

Editor's Notes

Section 3 of D.C. Law 19-43 provided that the act shall apply upon the inclusion of its fiscal effect in an approved budget and financial plan. D.C. Law 19-43, § 3, was repealed by D.C. Law 19-168, § 7010.