§ 54.1-4414. Prohibited acts
Neither (i) a person who does not hold a Virginia license or who does not meet the requirements to use the CPA title in Virginia under the substantial equivalency provisions of § 54.1-4411 nor (ii) an entity that does not meet the criteria prescribed by subdivision D 1 of § 54.1-4412.1 shall: 1. Practice public […]
§ 54.1-4415. Exemptions from unlawful acts
The unlawful acts listed in § 54.1-4414 shall not apply to a person or entity holding a certification, designation, degree, or license granted in a foreign country entitling the holder to engage in the practice of public accounting or its equivalent in the country, provided that: 1. The practice of the person or entity in […]
§ 54.1-4416. Board’s powers with respect to hearings under this chapter
The Board may, in hearings arising under this chapter, determine the place in Virginia where the hearings shall be held; subpoena witnesses; take depositions of witnesses in the manner provided for in civil actions in courts of record; pay the witnesses fees and mileage and other expense reimbursements for their attendance as is provided for […]
§ 54.1-4413.2. Issuance, renewal, and reinstatement of licenses and lifting the suspension of privileges
A. A Virginia license shall provide its holder with the privilege to use the CPA title in Virginia or provide attest services, compilation services, and financial statement preparation services to persons and entities located in Virginia. B. A license granted pursuant to the provisions of this chapter shall be renewed as prescribed by the Board. […]
§ 54.1-4413.3. Standards of conduct and practice
Persons using the CPA title in Virginia and firms providing attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia shall conform to the following standards of conduct and practice. 1. Exercise sensitive professional and moral judgment in all activities. 2. Act in a way that serves the public […]
§ 54.1-4413.4. Penalties
A. Penalties the Board may impose consist of: 1. Revoking the privilege of using the CPA title in Virginia or providing attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia; 2. Suspending or refusing to renew or reinstate the privilege of using the CPA title in Virginia or […]
§ 54.1-4411. Substantial equivalency provisions for persons who hold the license of another state
A. A person who holds the license of another state shall be considered to have met requirements that are substantially equivalent to those prescribed by the Board if: 1. The Board has determined that the education, CPA examination, and experience requirements of the state are substantially equivalent to those prescribed by the Board, or 2. […]
§ 54.1-4412. Repealed
Repealed by Acts 2007, c. 804, cl. 2.
§ 54.1-4412.1. Licensing requirements for firms
A. Only a firm can provide attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia. However, this shall not affect the privilege of a person who is not licensed to include a statement on financial statements indicating that no assurance is provided on the financial statements, to say […]
§ 54.1-4413. Repealed
Repealed by Acts 2007, c. 804, cl. 2.