Form of organization and names Flashcards
1
Q
MIPPs may practice only in a form of organization permitted by law
A
llc, partnership, etc
2
Q
cannot practice under a firm name that is
A
missleading
3
Q
firm may not designate itself as members of cpa unless all owners are
A
members of aicpa
4
Q
if own a controlling interest in another firm or business then.
if the members interest is not a controlling one then the code applies to the
A
you and the business would have to follow independence rules
owner but not the business
5
Q
two former partners may continue to jointly perform an attest engagement but may
A
not use a letterhead
6
Q
may call yourself a cpa on paper even if
A
everyone else at the firm is not a cpa. its misleading
