872 IAC 1-4-1
872 IAC 1-4-1 General requirements
Cite as Ind. Admin. Code tit. 872, r. 1-4-1
Sec. 1. (a) This section establishes the requirements for nonlicensee owners of CPA or PA firms under IC 25-2.1-5-4. This section
does not apply to firms of accounting practitioners under IC 25-2.1-6-6.
(b) An active individual participant under IC 25-2.1-5-4(c)(2) is an individual who is actively engaged in the firm or affiliated
entities in providing services to the firm's clients as their occupation.
(c) The firm's owners shall comply with the AICPA Code of Professional Conduct, which applies to CPA firms only, or the NSA Rules
of Professional Conduct, which applies to PA firms only, as adopted by the board in 872 IAC 1-2-1.