As used in this chapter unless the context otherwise requires:
"Accounting practitioner" means a person licensed by the board as provided in this chapter, who does not hold a certificate as a certified public accountant under this chapter, and who offers to perform or performs for the public, and for compensation, any of the following services:
1. The recording of financial transactions in books of record.
2. The making of adjustments of such transactions in books of record.
3. The making of trial balances from books of record.
4. Internal verification and analysis of books or accounts of original entry.
5. The preparation of financial statements, schedules, or reports.
6. The devising and installing of systems or methods of bookkeeping, internal controls of financial data, or the recording of financial data.
Nothing contained in this definition or elsewhere in this chapter shall be construed to permit an accounting practitioner to give an opinion attesting to the reliability of any representation embracing financial information as defined in section 542C.25, subsections 8 and 9. Any transmittal letters and titles to financial statements included in reports prepared by accounting practitioners shall be labeled as unaudited.
"Practice of public accounting" means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or accounting practitioner, one or more kinds of services involving the use of accounting or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters.
[C75, 77, 79, 81, § 116.2]
91 Acts, ch 97, §8 ~IC93, § 542C.2 ~I93 Acts, ch 19, §1
Referred to in § 542C.8
Iowa General Assembly
Search: Iowa Code 1995
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