Section 2-101 - Definitions.
§ 2-101. Definitions.
(a) In general.- In this title the following words have the meanings indicated.
(b) AICPA.- "AICPA" means the American Institute of Certified Public Accountants.
(c) Attest.- "Attest" means to provide the following financial statement services:
(1) an audit or other engagement performed in accordance with the Statements on Auditing Standards issued by AICPA;
(2) a review of a financial statement performed in accordance with the Statements on Standards for Accounting and Review Services issued by AICPA;
(3) an examination of prospective financial information performed in accordance with the Statements on Standards for Attestation Engagements issued by the AICPA; and
(4) any engagement performed in accordance with the Auditing Standards of the Public Company Accounting Oversight Board.
(d) Board.- "Board" means the State Board of Public Accountancy.
(e) Home office.- "Home office" is the location specified by a client of a certified public accountant as the address to which a service described in § 2-401(a) of this title is directed.
(f) License.- "License" means, unless the context requires otherwise, a license issued by the Board to practice certified public accountancy.
(g) License fee.- "License fee" means the fee paid in connection with the issuance or renewal of a license.
(h) Licensed certified public accountant.- "Licensed certified public accountant" means, unless the context requires otherwise, an individual licensed by the Board to practice certified public accountancy.
(i) Permit.- "Permit" means, unless the context requires otherwise, a permit issued by the Board to allow a partnership or corporation to operate a business through which an individual may practice certified public accountancy.
(j) Permit fee.- "Permit fee" means the fee paid in connection with the issuance or renewal of a permit.
(k) Practice certified public accountancy.- "Practice certified public accountancy" means to perform any of the following accountancy services:
(1) conducting an audit of financial statements; or
(2) providing a written certificate or opinion on the correctness of the information or on the fairness of the presentation of the information in:
(i) a financial statement;
(ii) a report;
(iii) a schedule; or
(iv) an exhibit.
(l) Practice privilege.- "Practice privilege" means the right granted to an individual who is licensed by another state to practice certified public accountancy in this State without a license issued by this State.
(m) Principal place of business.- "Principal place of business" means the office location designated by the licensee for purposes of substantial equivalency and reciprocity.
(n) NASBA.- "NASBA" means the National Association of Boards of Accountancy.
[An. Code 1957, art. 75A, § 2-101; 1989, ch. 3, § 1; 2006, ch. 156; 2008, ch. 536.]