61H1-20.001. Definitions

CHAPTER 61H1-20 DEFINITIONS 61H1-20.001 Definitions 61H1-20.002 Attest as an Expert in Accountancy to the Reliability or Fairness of Presentation or “Expression of Opinion” 61H1-20.003 Client (Repealed) 61H1-20.004 Enterprise 61H1-20.005 Financial Statements 61H1-20.0051 Assembled Financial Statements (Repealed) 61H1-20.0052 Offer to Perform or Perform Services Involving Assembled Financial Statements (Repealed) 61H1-20.0053 Standards for Assembled Financial Statements (Repealed) 61H1-20.006 Firm or Firms of Certified Public Accountants (Repealed) 61H1-20.007 Generally Accepted Accounting Principles (Repealed) 61H1-20.008 Generally Accepted Auditing Standards (Repealed) 61H1-20.009 Standards for Accounting and Review Services (Repealed) 61H1-20.0091 Government Accounting Standards (Repealed) 61H1-20.0092 Government Auditing Standards (Repealed) 61H1-20.0093 Rules of the Auditor General 61H1-20.0094 Standards for Prospective Financial Statements (Repealed) 61H1-20.0095 Standards for Consulting Services (Repealed) 61H1-20.0096 Services for Tax Practice (Repealed) 61H1-20.0097 Standards for Personal Financial Planning (Repealed) 61H1-20.0098 Standards for Business Valuations (Repealed) 61H1-20.0099 Standards for Attestation Engagements (Repealed) 61H1-20.010 Engagement 61H1-20.011 Practice of, or Practicing Public Accountancy (Repealed) 61H1-20.012 Holding Out (Repealed) 61H1-20.013 Employee 61H1-20.015 Partnership (Repealed) 61H1-20.016 Non-CPA Shareholders, Partners, and Members 61H1-20.001 Definitions. (1) “Certified public accountant,” or “CPA,” shall be deemed and construed to mean a person, who holds an active, inactive, delinquent, or temporary license issued under Chapter 473, F.S., or who is practicing public accounting in this state pursuant to the practice privilege granted in Section 473.3141, F.S. (2) “Florida certified public accountant” shall be deemed and construed to mean a person who holds an active, inactive, delinquent, or temporary license issued under Chapter 473, F.S. (3) “Non-Florida certified public accountant” shall be deemed and construed to mean a person who is practicing public accounting in this state pursuant to the practice privilege granted in Section 473.3141, F.S. (4) “Firm,” “CPA Firm” or “Firms of certified public accountants” shall be deemed and construed to mean a sole proprietor, partnership, professional corporation, limited liability company, or any other legal entity engaged in the practice of public accounting, including individual partners, stockholders or members thereof, that holds an active, delinquent, or temporary license issued under Section 473.3101, F.S., or its state of domicile. (5) “Florida firm” shall be deemed and construed to mean any sole proprietor, partnership, professional corporation, limited liability company, or any legal entity that holds an active, delinquent, or temporary license issued under Section 473.3101, F.S. (6) “Non-Florida firm” shall be deemed and construed to mean any legal entity that is practicing public accounting pursuant to a license issued in its state of domicile. (7) A “suspended certified public accountant” is prohibited from practicing public accounting as a sole proprietor, partner or shareholder and using the “CPA” designation. A suspended certified public accountant may be an employee under the supervision of a certified public accountant who holds an active license. (8) An “office” shall be deemed and construed to mean a place in which public accounting is conducted or any place for which the physical address is identified in advertising. For a certified public accountant employed by a Florida firm, “office” shall also mean the licensee’s designated address of record. (9) “Proof of CPE completion” from a continuing professional education CPE provider shall be defined as the document identifying the licensee has completed a course. To be accepted by the Board, the document must contain the following elements: name of course taken, licensee name, the date the course was completed, number of hours, credit type or category, sponsor name, and signature of the CPE sponsor, Proof of CPE completion for a Florida ethics course, in addition to the aforementioned elements, must include the DBPR course approval number. For courses completed at accredited institutions of higher learning and credited for CPE, a transcript will be considered proof of CPE completion. Proof of CPE completion for instructor credit will include an Instructor CPE Credit Reporting Form (DBPR CPA 13, effective April 2023), which is incorporated by reference in Rule 61-35.003, F.A.C.