Accountancy Act

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.