Ga. Comp. R. & Regs. R. 20-7-.03 - Minimum Standards of Practice

A firm granted a license in Georgia must comply with the minimum standard of practice, including, but not limited to the following standards of practice:

(a) Non-CPA owners' names may be listed on firm stationery provided that if Non-CPA owners are designated as partners, shareholders, or members then all CPA owners must also be so designated.
(b) Non-CPA owners may not be listed in any advertisement under the heading.
(c) Membership in accounting organizations or their logos may not be used on CPA firm stationery, business cards, or advertising materials unless all eligible partners are members of the organization and have attained the certification or designation indicated by the logo.
(d) A Non-CPA owner may not be designated as the resident manager of a physical office of the firm.
(e) A Non-CPA owner may not be the chief executive officer of a firm located in or doing business in this state.
(f) An individual who owns a voting equity interest in a firm may not delegate by proxy or otherwise, the duty to exercise any voting rights to an individual that does not qualify as owner under the laws and rules of this state.
(g) A Non-CPA owner who becomes disqualified from ownership must dispose of his or her entire interest in the firm to a qualified owner within 60 days of the date of disqualification.
(h) Owners who are CPAs and whose office location is in this state and who perform accounting services in this state must hold a license from this state.
(i) Changes in any information from the application shall be submitted to the Board within 30 days of such change, including, but not limited to, changes in business organization, changes in ownership, changes in business location, and changes in resident manager.

Notes

Ga. Comp. R. & Regs. R. 20-7-.03
O.C.G.A. Secs. 43-3-2, 43-3-8, 43-3-16, 43-3-17, 43-3-21, 43-3-22, 43-3-24, 43-3-25, 43-3-30, 43-3-31.
Original Rule entitled "Fee" adopted. F. and eff. June 30, 1965. Repealed: F. Feb. 9, 1978; eff. Mar. 1, 1978. Adopted: New rule entitled "Minimum Standards of Practice." F. Feb. 4, 2015; eff. Feb. 24, 2015.

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