49 Pa. Code § 11.23a - Competence to supervise attest services
(a) A licensee may not supervise attest
services and sign or authorize another to sign an accountant's report for
attest services unless the licensee satisfies the competence requirements of
this section.
(b) To be competent
to supervise attest services and sign or authorize another to sign an
accountant's report for attest services, a licensee shall:
(1) Meet at least one of the following:
(i) Have at least 400 hours of experience
within the previous 5 years in providing attest services gained in government,
industry, academia or public practice and at least 24 hours of CPE in the area
of accounting, auditing or attest during the 24 months immediately preceding
issuance of the report. This CPE must comply with the standards of §§
11.61-11.64,
11.67,
11.68,
11.68a,
11.69a,
11.71,
11.71a and
11.72 and may be used to satisfy
the requirements of §§
11.62(a)-(c) and
11.63(a)(1)
(relating to CPE requirement for issuance of license; waiver or extension; and
CPE subject areas; relevance to professional competence).
(ii) Be a member of or employed by a firm
registered with the Board that has met the requirements of §
11.82 (relating to peer review
compliance).
(2) Have
maintained the level of education, experience and professional conduct required
by applicable generally accepted professional standards as described in §
11.27 (relating to auditing
standards and other technical standards).
Notes
The provisions of this § 11.23a issued under section 3(a)(10)-(12) of the CPA Law (63 P.S. § 9.3(a)(10)-(12)).
This section cited in 49 Pa. Code § 11.63 (relating to CPE subject areas; relevance to professional competence).
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