§64-9-1 Board of Accountancy.
§64-9-1. Board of Accountancy.
The legislative rule filed in the State Register on the twenty-ninth day of August, two thousand eight, authorized under the authority of section four, article nine, chapter thirty of this code, modified by the Board of Accountancy to meet the objections of the Legislative Rule-Making Review Committee and refiled in the State Register on the twenty-first day of January, two thousand nine, relating to the Board of Accountancy (the Board and rules of professional conduct, 1 CSR 1), is authorized, with the following amendment:
On page 2, former subsection 2.9., by reinserting the stricken language in said former subsection 2.9. and renumbering the subsection as subsection 2.10 and renumbering the remaining subsections in the section accordingly;
On page 3, subsection 2.10 which is renumbered as subsection 2.11 by the above amendment, after the word "Reciprocal" by inserting the words "substantial equivalency" and in the same subsection after the words "issued under" by striking out the words "reciprocal regulations of prior law" and inserting in lieu thereof the words "the provisions of W. Va. Code §30-9-9";
On page 6, subdivision 4.1.c., in the second sentence of said subdivision after the words "a West Virginia registered public accountant or" by inserting the words "a holder of";
On page 7, in the title to §1-1-5., after the word "Reciprocal" by inserting the words "Substantial Equivalency";
On page 7, subsection 5.1., after the words "application for a reciprocal" by inserting the words "substantial equivalency";
On page 7, subdivision 5.1.a., after the word "Reciprocal" by inserting the words "Substantially Equivalent";
On page 8, subdivision 5.1.a., after the word "reciprocal" by inserting the words "substantially equivalent";
On page 8, subdivision 5.1.b., after the word "Reciprocal" by inserting the words "Substantially Equivalent";
On page 8, subdivision 5.1.b., after the words "Board shall issue a reciprocal" by inserting the words "substantially equivalent";
On page 8, subdivision 5.1.c., after the word "Reciprocal" by inserting the words "Substantially Equivalent";
On page 8, subdivision 5.1.c., after the words "Board shall issue a reciprocal" by inserting the words "substantially equivalent";
On page 9, paragraph 5.1.d, after the word "Reciprocal" by inserting the words "Substantial Equivalency";
On page 10, paragraph 5.1.d.1., after the words "issuance of a reciprocal" by inserting the words "substantial equivalency";
On page 10, paragraph 5.1.d.2., after the words "received a certificate" by striking out the remainder of the paragraph and inserting in lieu thereof the words "he or she may not establish a place of business in this state.";
On page 10, paragraph 5.1.d.3, by striking out said paragraph 5.1.d.3 in its entirety;
On page 19, subdivision 6.8.e., at the beginning of the sentence before the words "In any case" by inserting the words "After a hearing";
On page 19, subdivision 6.8.e., in the last sentence of the subdivision, after the words "for the examination," by striking out the remainder of the sentence and inserting in lieu thereof the words "a copy of the final order containing findings of fact and conclusions of law";
On page 20, subdivision 7.3.a., in the last sentence of the subdivision, after the words "the Board shall" by striking out the words "apply the following standards" and inserting in lieu thereof the words "consider whether";
On page 21, paragraph 7.3.a.1, after the words "The program" by striking out the words "should contribute" and inserting in lieu thereof the word "contributes";
On page 21, paragraph 7.3.a.2., after the words "objectives of a program" by striking out the word "should";
On page 21, paragraph 7.3.a.3., after the words "for the program" by striking out the words "should be stated" and inserting in lieu thereof the words "are stated with specificity";
On page 21, paragraph 7.3.a.4., after the words "used in programs" by striking out the words "should be" and inserting in lieu thereof the word "are";
On page 21, paragraph 7.3.a.5., after the words "Program content" by striking out the words "should be" and inserting in lieu thereof the word "is";
On page 21, paragraph 7.3.a.6., after the word "Programs" by striking out the words "should be" and inserting in lieu thereof the word "are";
On page 21, paragraph 7.3.a.7., after the word "Programs" by striking out the word "should";
On page 27, subsection 12.1., after the words "practitioner or" by striking out the words "business entity" and inserting in lieu thereof the word "firm";
And,
On page 27, subsection 12.1., after the words "authorization issued by this Board" by striking out the remainder of subsection 12.1. in its entirety and inserting in lieu thereof the words "unless the individual practitioner or firm meets the substantial equivalency practice privilege exceptions below:
a. Individual practitioners who have substantial equivalency practice privileges who provide only compilation services performed in accordance with Statements on Standards for Accounting and Review Services who:
1. Sign compilation reports as a certified public accountant;
2. Meet the competency requirements set forth in the professional standards for those services; and
3. Are undergoing a peer review program that conforms with applicable laws and rules;
b. Out-of-state firms who provide only compilation services performed in accordance with the Statements on Standards for Accounting and Review Services who:
1. Meet firm ownership requirements;
2. Are undergoing a peer review program that conforms with applicable rules; and
3. Performs the services through an individual with substantial equivalency practice privileges."