§ 250l. Criminal penalties
Any person who violates any provision of this chapter, is guilty of a misdemeanor, and upon conviction thereof, is subject to a fine of not more than $2,000, or to imprisonment for not more than one year, or to both such fine and imprisonment. Whenever the Board has reason to believe that any person is […]
§ 250m. Single act evidence of practice
In any action brought under sections 250f, 250k or 250l of this chapter, evidence of the commission of a single act prohibited by this chapter is sufficient to justify a penalty, injunction, restraining order, or conviction, respectively, without evidence of a general course of conduct.
§ 250n. Confidential communications
Except by permission of the client for whom a permittee performs services or the heirs, successors, or personal representatives of such client, a permittee under this chapter, may not voluntarily disclose information communicated to the permittee by the client relating to and in connection with services rendered to the client by the permittee. Such information […]
§ 250o. Licensees’ working papers; clients’ records
All statements, records, schedules, working papers and memoranda made by a certified public accountant or public accountant incident to or in the course of professional service to clients by such certified public accountant or public accountant, except reports submitted by a certified public accountant or public accountant to a client, are and remain the property […]
§ 250p. Privity of contract
(a) This section applies to all causes of action of the type specified herein filed on or after the effective date. (b) This section governs any action based on negligence brought against any accountant or firm of accountants practicing in this State by any person or entity claiming to have been injured as a result […]
§ 250q. Substantial equivalency
(a) (1) An individual whose principal place of business is not in this Territory and who holds a valid license as a Certified Public Accountant from any state that the NASBA National Qualification Appraisal Service has verified to be in substantial equivalence with the CPA licensure requirements of the AICPA/NASBA Uniform Accountancy Act is presumed […]
§ 250b. Qualifications for a certificate as a certified public accountant
(a) The Board shall grant a certificate of “certified public accountant” to persons of good moral character who apply for a certificate pursuant to section 250c and meet the education, experience and examination requirements of this section and regulations adopted under this section (b) “Good moral character” for purposes of this section means the propensity […]
§ 250. Definitions
When used in this chapter, the following terms have the meanings indicated: (a) “AICPA” means the American Institute of Certified Public Accountants. (b) “Attest” means providing the following services: (1) any audit or other engagement to be performed in accordance with the Statements on Auditing Standards (SAS); (2) any review of a financial statement to […]
§ 250a. Virgin Islands Board of Accountancy
(a) There is established the Virgin Islands Board of Public Accountancy within the Department of Licensing and Consumer Affairs. The Board consists of five members, all of whom must be residents of this Territory, appointed by the Governor, with the advice and consent of the Legislature. Two members shall reside on the island of St. […]