![]() ![]() Partnership Registration (partners in NC & other jurisdictions) Renewal of Partnership Registration (Partners in NC Only) Partnership Registration (Partners in NC Only) Renewal of Individual Practitioner Registration NC CPA Firm Registration and Renewal Fees a non-CPA owner shall report his or her name, home address, phone number, social security number, and Federal Tax ID number (if any) on the CPA firm’s registration.a non-CPA owner shall be of good moral character and shall be dismissed and disqualified from ownership for any conduct that, if committed by a licensee, would result in a discipline pursuant to G.S.a non-CPA owner shall comply with all applicable accountancy statutes and the rules as set forth in G.S.a non-CPA owner shall actively participate in the business of the firm or an affiliated entity as his or her principal occupation.a non-CPA owner shall be a natural person or a general partnership or limited liability partnership directly owned by natural persons.A CPA firm and its designated supervising CPA owner shall be accountable for the following in regard to a non-CPA owner:.a CPA owner who, prior to January 1, 2006, is not actively participating in the CPA firm may continue as an owner until such time as his or her ownership is terminated.a CPA owner shall actively participate in the business of the CPA firm and. ![]() a CPA owner shall be a natural person or a general partnership or a limited liability partnership directly owned by natural persons.A CPA firm and its designated supervising CPA shall be accountable for the following in regard to a CPA owner:.Every North Carolina office of a CPA firm registered in North Carolina shall be actively and locally supervised by a designated actively licensed North Carolina CPA whose primary responsibility and a corresponding amount of time shall be work performed in that office.A CPA shall not offer or render professional services through a CPA firm that is in violation of the registration requirements of 21 NCAC 08J.A CPA firm shall have ownership of at least 51 percent and be controlled in law and fact by holders of valid CPA certificates who have the unrestricted privilege to use the CPA title and to practice public accountancy in a jurisdiction and at least one of whom shall be licensed by this Board. A CPA firm may have an ownership of up to 49 percent by non-CPAs.0301(b)(5) in the public practice of accountancy to clients shall do so only through a registered sole proprietorship, partnership, Professional Corporation, Professional Limited Liability Company, or Registered Limited Liability Partnership. A CPA who uses CPA in or with the name of the business or offers or renders audits, reviews, compilations, agreed-upon procedures, or engagement services performed in accordance with the standards in 21 NCAC 08A.However, if any individual with the firm exercises the individual practice privilege and performs, or offers to perform a financial statement audit or other engagement performed in accordance with the Statements on Auditing Standards an examination of prospective financial information performed in accordance with the Statements on Standards for Attestation Engagements, or an engagement performed in accordance with the Public Company Accounting Oversight Board auditing standards, the firm must provide notice without a fee (Notice of Intent to Practice) to the Board. In exercising the practice privilege, the firm must comply with the laws, rules, and regulations of North Carolina and the Board, and is subject to the disciplinary authority of the Board. Under NCGS 93-10(c), Practice Privileges, a CPA firm that does not have its principal place of business or an office in North Carolina may be eligible to perform services to North Carolina clients without registering as a North Carolina firm. The last day of the preceding calendar year is considered the “year-end.” Although one representative of a CPA firm may file all registration documents for each of the CPA firm’s offices in North Carolina, the individual office supervisors or managers are responsible for compliance with the Board’s rules. The North Carolina Office of the Secretary of State provides information on obtaining a professional business entity license for a CPA firm.Īll information provided for CPA firm registration must pertain to the events and actions taken during the year preceding the year of registration. Professional corporations, professional limited liability companies, and registered limited liability partnerships must register with the Board before forming the CPA firm. 0108, all CPA firms, except professional corporations (PC), professional limited liability companies (PLLC), and registered limited liability partnerships (LLP), must register with the Board within 30 days after opening an office in North Carolina. ![]()
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