Definitions

For purposes of these rules the following terms have the meanings indicated: (1) Board. The state board of accountancy of Connecticut. (2) Client. The person or entity which retains a licensee for the performance of professional services. (3) Enterprise. Any person or entity, whether organized for profit or not, with respect to which a licensee performs professional services. (4) Firm. A proprietorship, partnership or professional corporation engaged in the practice of public accountancy. (5) Financial statements. Statements and footnotes related thereto that purport to show financial position which relates to a point in time or changes in financial position which relate to a period of time, including statements which use a cash or other incomplete basis of accounting. The term includes balance sheets, statements of income, statements of retained earnings, statements of changes in financial position and statements of changes in owners' equity, but does not include incidental financial data included in management advisory services reports to support recommendations to a client, nor does it include tax returns and supporting schedules. (6) He, his him. Masculine pronouns when used herein also include the feminine and the neuter. (7) Licensee. A person holding a certificate issued by the board, or registered with the board, or holding a permit to practice, pursuant to chapter 389 of the general statutes. (8) Practice of public accountancy. Offering to perform or performing, for a clieor potential client, one or more types of services involving the use of accounting or auditing skills, or one or more types of management advisory or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters, while holding oneself out in such manner as to state or imply that one is a licensee. (9) Professional services. Any services performed or offered to be performed by a licensee for a client in the course of the practice of public accountancy. (10) Public communication. A communication made in identical form to multiple persons or to the world at large, as by television, radio, motion picture, newspaper, pamphlet, mass mailing, letterhead, business card or directory.