§ 250r. Construction; severability
If any provision of this chapter or the application thereof to any person or entity or in any circumstances is held invalid, the remainder of the chapter and the application of such provision to others or in other circumstances shall not be affected thereby.
§ 250c. Issuance and renewal of certificates, and maintenance of competency
(a) The Board shall grant or renew certificates to persons who make application and demonstrate (i) that their qualifications, including where applicable the qualifications prescribed by section 250b, are in accordance with this section or (ii) that they are eligible under the substantial equivalency standard set out in section 250q(a)(2) of this chapter which requires […]
§ 250d. Firm permits to practice, attest and compilation competency and peer review
(a) The Board shall grant or renew permits to practice as a CPA firm to applicants that demonstrate their qualifications therefore in accordance with this section. (1) The following must hold a permit issued under this section: (A) Any firm with an office in the Territory performing attest services as defined in section 250(b) of […]
§ 250e. Appointment of a resident agent
A person or a firm not a resident of the Territory applying for a certificate under section 250c of this chapter or a permit to practice under section 250d shall appoint a resident agent as permitted by law or Board regulations. The applicant’s agent must be a person upon whom process may be served in […]
§ 250f. Hearings before Board and judicial review; commencement of proceedings
(a) The Board may initiate proceedings under this chapter either on its own motion or on the complaint of any person. (b) A written notice stating the nature of the charge or charges against the accused and the time and place of the hearing before the Board or its designee on such charges must be […]
§ 250g. Enforcement—grounds for discipline
(a) After notice and hearing pursuant to this chapter, the Board may revoke any permit issued under sections 250c or 250d of this chapter or corresponding provisions of prior law or revoke or suspend any such permit, or refuse to renew any such permit for a period of not more than five years, reprimand, censure, […]
§ 250h. Enforcement—investigations
(a) The Board or its designee may, upon receipt of a complaint or other information suggesting violations of this chapter or of the rules of the Board, conduct investigations to determine whether there is probable cause to institute proceedings under sections 250f, 250k, or 250l of this chapter against any person or firm for such […]
§ 250i. Reinstatement
(a) In any case where the Board has suspended or revoked a certificate or a permit or revoked or limited privileges under section 250q or refused to renew a certificate, permit, the Board may, upon application in writing by the person or firm affected and for good cause shown, modify the suspension, or reissue the […]
§ 250j. Unlawful acts
(a) Only permittees and individuals who have practice privileges under section 250q of this chapter may issue a report on financial statements of any person, firm, organization, or governmental unit or offer to render or render any attest or compilation service, as defined herein. This restriction does not prohibit any act of a public official […]
§ 250k. Injunctions against unlawful acts
Whenever, as a result of an investigation under section 250h of this chapter or otherwise, the Board believes that any person or firm has engaged, or is about to engage, in any acts or practices that constitute or will constitute a violation of section 250j of this chapter, the Board may make application to the […]