Creating a new class of licensed accountant.

The National Public AccountantVol. 38 Nbr. 8, August 1993

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Summary


Washington Comment - Column

The National Society of Public Accountants' legislative policy on the regulation of individuals who offer accounting services to the public is examined. Specifically, the policy calls for a statutory classification of a limited licensed accountant with legislatively mandated qualifications to undertake all accounting services that do not require a formal opinion resulting from an audit. The importance of coming up with an appropriate descriptive title for this newly created limited license accountant is discussed.

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Extract


Creating a new class of licensed accountant.

There is nothing new about a new class of accountant as far as NSPA is concerned. The idea has been germinating in NSPA since its annual convention in New York in 1964, when the National Council of Delegates issued a policy statement on state legislation. One of the basic principles was to seek the adoption of legislation to ...

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