Essay About Cpasstate Boards Of Accountancypromulgate Gaapaicpa And License Individuals

License Individuals to Practice as Cpas
Week Two Textbook AssignmentACC 491License individuals to practice as CPAsState Boards of AccountancyPromulgate GAAPAICPA, FASH, GASB, SECIssue Statements on Auditing StandardsPCAOB, AICPARegulate the distribution and trading of securities offered for public saleSECEstablish its own code of professional ethicsAICPA, PCAOBIssues Statements of Financial Accounting StandardsSEC, FASB, GASBImpose mandatory continuing education as a requirement for renewal of license to practice as a CPAState Boards of AccountancyIssue disclosure requirements for companies under its jurisdiction that may exceed GAAPSECIssue auditing interpretationsAuditing Standards Board, PCAOB, FASB, GASB, AICPACooperate with the AICPA in areas of mutual interest such as continuing professional education and ethics enforcementState societies of CPAsTake punitive action against an independent auditorSEC, State and Federal CourtsEstablish accounting principles for state and local governmental entitiesGASB, AICPA, FASBEstablish GAASAICPASuspend or revoke a CPAs license to practiceState Boards of AccountancyEstablish quality control standardsAICPAOperate as proprietorships, partnerships, r professional corporationsPractice UnitsIssue government auditing standardsU.S. General Accounting OfficeAdminister federal tax lawsInternal Revenue Service