Compilation of Rules and Regulations of the State of Georgia
Department 20 - RULES OF STATE BOARD OF ACCOUNTANCY
Chapter 20-8 - REGISTRATION REQUIREMENTS FOR ACCOUNTING FIRMS
Rule 20-8-.02 - Firms not Required to Be Licensed

Universal Citation: GA Rules and Regs r 20-8-.02

Current through Rules and Regulations filed through March 20, 2024

(1) A firm that does not have a physical office in this state may perform compilation or review services to be performed in accordance with Statements on Standards for Accounting and Review Services described in subsection (E) of paragraph 2 of Code Section 43-3-2for a client having its office in this state without obtaining a license from the Board if:

(a) Such firm complies with the ownership requirements of Code Section 43-3-16.

(b) Such firm participates in a peer review whose standards at a minimum comply with the "Standards for Performing and Reporting on Peer Review" promulgated by the American Institute of Certified Public Accountants in a manner consistent with the timing and completion requirements of Code Section 43-3-17.

Such firm provides services through an individual with practice privileges under subsection (c) of Code Section 43-3-18related to substantial equivalency practice privileges. Practice privileges under subsection (b) of Code Section 43-3-18are not permitted for an individual unless that individual holds a current and unencumbered license as a CPA in a state which grants similar practice privileges to license holders in this state.

(2) A firm that does not have a physical office in this state and is not performing services described in Rules 20-8-.01(1) and 20-8-.02(1) above may perform other professional services included in the practice of public accountancy while using the title "CPA" or "CPA Firm" in this state without obtaining a license from the Board if:

(a) Such firm provides services through an individual with practice privileges under subsection (b) of Code Section 43-3-18related to substantial equivalency practice privileges. Practice privileges under subsection (b) of Code Section 43-3-18are not permitted for an individual unless that individual holds a current and unencumbered license as a CPA in a state which grants similar practice privileges to license holders in this state.

(b) That firm can lawfully perform such services in the state where said individuals with practice privileges have their office location.

O.C.G.A. Secs. 43-3-2, 43-3-8, 43-3-16, 43-3-18, 43-3-31.

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