Licensing & Disciplinary Systems Flashcards Preview

CPA - Regulation: Ethics & BLAW - Contracts > Licensing & Disciplinary Systems > Flashcards

Flashcards in Licensing & Disciplinary Systems Deck (5)
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1
Q

What does the acronym JEEP stand for?

A

The AICPA’s Joint Ethics Enforcement Program.

2
Q

List the items that can cause an automatic expulsion from the AICPA.

A
Adverse judgment for:  
 •Felony
 •Failure to file tax return
 •Filing fraudulent tax return
 •Aiding fraudulent tax return.
3
Q

List the activities for which a CPA license is needed.

A
  • Audit or other SAS engagement.
  • SSARS review of F/S.
  • SSAE examination of prospective F/S.
  • Any engagement meeting PCAOB standards.
4
Q

What are the requirements for obtaining a CPA license in most states?

A
  • Education (Bachelors + 30 hours of college credit) and CPE
  • Pass CPA Exam
  • Experience (2,000 hours).
5
Q

Who grants CPA licenses?

A

State boards of accountancy.

Decks in CPA - Regulation: Ethics & BLAW - Contracts Class (39):