Louisiana Accountancy Act

Louisiana · Professions and Occupations · §§ 37-101 to 37-95 · 52 sections

Overview

The Accountancy Act governs the practice of public accounting, setting the terms on which individuals and firms may hold themselves out as accountants and use the title "certified public accountant." It creates a board of accountancy — providing for its members' appointment and qualifications, meetings, quorum, vacancies, and removal, along with staff support — and empowers that board to adopt rules, administer examinations, and issue certificates, licenses, and practice permits. The act also fixes the education, experience, and examination requirements for certification, provides for recognizing accountants licensed elsewhere through reciprocity and substantial equivalency, and addresses supervision of practice, waivers, fees, and inactive status for those not currently practicing.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

La. R.S. 37:101Special definitions
La. R.S. 37:102Review of claims against certified public accountants or firms
La. R.S. 37:103Dismissal of request for review
La. R.S. 37:104Duties of the society
La. R.S. 37:105Actions against certified public accountants; review panel required; suspension of prescription
La. R.S. 37:106Failure to render a written opinion
La. R.S. 37:107Waiver of review panel
La. R.S. 37:108Assertion of exceptions or defenses
La. R.S. 37:109Public accountant review panel; composition; selection of attorney member
La. R.S. 37:110Duties of the attorney of the review panel
La. R.S. 37:111Selection of certified public accountants to serve on review panel
La. R.S. 37:112Qualifications of certified public accountant members of the review panel; selection
La. R.S. 37:113Notification of names and addresses of members of review panel; oath
La. R.S. 37:114Right to request court order requiring compliance
La. R.S. 37:115Panelists; prohibited conduct
La. R.S. 37:116Evidence submitted to review panel
La. R.S. 37:117Right to question the review panel
La. R.S. 37:118Right of review panel to procure information
La. R.S. 37:119Authority of review panel to express an expert opinion
La. R.S. 37:120Admissibility of opinions as evidence; immunity of panelist from liability
La. R.S. 37:121Compensation; payment of costs
La. R.S. 37:122Submission of report
La. R.S. 37:123Failure of review panel to carry out its duties
La. R.S. 37:124Legal interest
La. R.S. 37:125Repealed by Acts 2006, No. 214, §2.
La. R.S. 37:71ACCOUNTANTS
La. R.S. 37:72Legislative findings and purpose
La. R.S. 37:73Definitions
La. R.S. 37:74State Board of Certified Public Accountants of Louisiana; powers and duties
La. R.S. 37:74.1Fees
La. R.S. 37:75Qualifications for a certificate as a certified public accountant
La. R.S. 37:76Issuance and renewal of certificates and maintenance of competency
La. R.S. 37:77Firm permits to practice; attest experience; peer review; exceptions
La. R.S. 37:77.1Firm permits to practice; single-owner firms; death of owner
La. R.S. 37:78Appointment of secretary of state as agent for nonresidents
La. R.S. 37:79Enforcement against holders of certificates, permits, and privileges
La. R.S. 37:80Investigations
La. R.S. 37:81Hearings by the board
La. R.S. 37:82Reinstatement of licenses
La. R.S. 37:83Unlawful acts
La. R.S. 37:84Injunctions against unlawful acts; criminal penalties
La. R.S. 37:85Single act evidence of practice
La. R.S. 37:86Confidential communications
La. R.S. 37:87Licensee's working papers; client records
La. R.S. 37:88Accounting and review services for governmental entities
La. R.S. 37:89Right of licensees to discard documents three years after completion of engagement
La. R.S. 37:90Accounting documents sent out of state by the insurance commissioner
La. R.S. 37:91Privity of contract
La. R.S. 37:92Prescriptive and peremptive period
La. R.S. 37:93Proportionate liability
La. R.S. 37:94Substantial equivalency
La. R.S. 37:95Legislative auditor

Enacted in other states

Alaska, Idaho, New Hampshire, New Jersey, Rhode Island, Tennessee

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