HAR §16-71-8. Definitions

As used in this chapter: "Continuing professional education" or "CPE" means a formal course or program of learning from a sponsor approved by the board as provided in this chapter. "Incidental to a person's practice in such other state or country", as used in section 466-7(c)(4), HRS, means services rendered in this State by a non- licensee for work performed for a client outside the State, such as the audit of a Hawaii subsidiary of an out-of-state parent corporation or an audit of a Hawaii branch or division of an out-of-state partnership, joint venture, or individual proprietorship. "Not in a public accounting practice" or "not in public practice" means the status of a certified public accountant licensed under section 466-5, HRS, or a public accountant licensed under section 466-6, HRS, or a public accounting firm under section 466-7, HRS, that: (1) Does not have a permit to practice under chapter 466, HRS, or this chapter; or (2) Is not engaged in any form of public accounting in this State. "Public accounting practice" or "public practice" means performing, offering to perform, or holding oneself out as being able to perform for a fee one or more types of services involved in the practice of public accountancy by a certified public accountant licensed under section 466-5, HRS, who has a permit to §16-71-10 71-7 practice under section 466-7, HRS, and section 16-71- 24; a public accountant licensed under section 466-6, HRS, who has a permit to practice under section 466-7, HRS, and section 16-71-24; or by a public accounting firm that has a permit to practice under section 466- 7, HRS, and section 16-71-24, including but not limited to: (1) A sole proprietor or sole practitioner engaged in public accounting practice; (2) A partner in a domestic or foreign general, limited, or limited liability partnership of certified public accountants or public accountants, or a combination of both; (3) A principal in a domestic or foreign professional accounting corporation; (4) A member of a domestic or foreign limited liability company; (5) A staff employee of a domestic or foreign public accounting firm as defined in section 466-3, HRS; (6) A domestic or foreign professional accounting corporation; (7) A domestic or foreign general, limited, or limited liability partnership of certified public accountants or public accountants, or a combination of both; or (8) A domestic or foreign limited liability company. [Eff 1/1/74; am and ren §16-71-8, 6/25/81; am and comp 6/8/84; am and comp 10/23/87; comp 2/22/94; comp 6/3/95; comp 1/22/01; am and comp 1/30/10; comp 2/13/12; am and comp 11/27/21] (Auth: HRS §466-4) (Imp: HRS §§466-4, 466-5, 466-6)