In the State of Florida, what is the process of a Certified Public Account (CPA) complaint? According to the Florida Department of Business and Professional Regulations (DBPR), if the complaint is determined to be legally sufficient, an investigation is opened. The CPA is made aware of the allegations, provided with a copy of the complaint that […]
Tag Archives: license complaints against CPAs in Florida
10
Nov
Requirements for Florida’s CPA Exam
These are some of the Florida requirements to take the CPA exam: 1. You must have successfully completed a minimum of 120 semester hours of college credit as determined by the Florida Board of Accountancy, and you must have at least a bachelor’s degree or its international equivalent. 2. You must have completed 24 semester hours of upper division business courses, 24 semester […]
8
Jan
Financial Preparers Oppose the PCAOB’s Plan for More Disclosures
The PCAOB’s proposal requiring additional information in the auditors’ report, is facing opposition from the preparers of financial statements, industry organizations and audit committees. In a recent Journal of Accountancy article, they reported more than 60 companies posting letters on the PCAOP’s website expressing opposition to the proposed requirements for the auditor to include descriptions of “critical […]
25
Jun
Florida CPA (Florida Regulations 61H1-22.001 – Competence)
A certified public accountant shall comply with the following general standards and must justify any departures therefrom: (1) Professional competence. A certified public accountant shall undertake only those engagements which he or his firm can reasonably expect to complete with professional competence. A certified public accountant must be in charge of all public accounting services […]
4
Jun
Public Company Accounting Oversight Board (PCAOB)
The Public Company Accounting Oversight Board (PCAOB) is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. Its purpose is to “protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports”. Although a private […]
4
Jun
New Policies from the “Public Company Accounting Oversight Board” (PCAOB)
The following is information released by the Public Company Accounting Oversight Board: “POLICY STATEMENT REGARDING CREDIT FOR EXTRAORDINARY COOPERATION IN CONNECTION WITH BOARD INVESTIGATIONS PCAOB Release No. 2013-003 April 24, 2013 Summary The Public Company Accounting Oversight Board (“PCAOB” or “Board”) is issuing this policy statement to provide guidance to registered public accounting firms (“firms”) […]
22
May
Independence, Integrity, Etc., for Florida Licensed CPAs
The following information is from Florida Regulations, in the Department of Business and Professional Regulation, Division 61H1 Board of Accountancy: CHAPTER 61H1-21 INDEPENDENCE, INTEGRITY, ETC. 61H1-21.001 Independence 61H1-21.002 Integrity and Objectivity 61H1-21.003 Commissions or Referral Fees 61H1-21.005 Contingent Fees 61H1-21.006 Communication with Client of Another Certified Public Accountant 61H1-21.001 Independence. […]
8
Jan
Florida CPA License Requirements
On the Florida Department of Business and Professional Regulation’s website under “Division of Certified Public Accounting,” the requirements for obtaining a CPA are listed as the following: This information can be found on the DBPR’s website. “REQUIREMENTS FOR LICENSURE PASS ALL FOUR PARTS OF CPA EXAMINATION: with at least a 75% within 18 month […]
10
Sep
Renewing CPA Licenses in Florida
The following information appeared on Florida’s Department of Business and Professional Regulation’s website under Division of Certified Public Accounting. We advise anyone interested in obtaining information on Florida’s licenses to contact the DBPR for the most current information. Renewing a current active (Florida) CPA license consists of: Evidencing completion of continuing professional education (CPE) credits […]
8
Jun
Florida Licensed CPAs
Only Certified Public Accountants (CPA), by Florida law, can perform audits, and reviews, and give opinions on your financial statements. However, an accountant is not required to have a Florida license to prepare taxes. Certain bookkeeping duties also do not require a Florida license. Hiring a Florida licensed CPA to do your accounting is the best way to make […]