Licensing and Disciplinary

Question 1

What are the requirements for obtaining a CPA license in most states?

Answer 1

1. ) Education (BA +30 hours) and CPE
2. ) Pass CPA Exam
3. ) Experience (2,000 hours)

Question 2

Items that can cause an automatic expulsion from the AICPA?

Answer 2

Adverse judgement for:

1. ) Felony
2. ) Failure to file a tax return
3. ) Filing Fraudulent tax return
4. ) Aiding Fraudulent tax return

Question 3

Activities for which a CPA license is needed?

Answer 3

1. ) Audit or other SAS engagement
2. ) SSARS review of F/S
3. ) SSAE examination of prospective F/S
4. ) Any engagement meeting PCAOB standards

Question 4

Who grants CPA licenses?

Answer 4

State board of accountancy

Question 5

What does the acronym JEEP stand for?

Answer 5

The AICPA’s Joint Ethics Enforcement Program