Virginia Administrative Code
Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING
Agency 5 - BOARD OF ACCOUNTANCY
Chapter 22 - BOARD OF ACCOUNTANCY REGULATIONS
Section 18VAC5-22-50 - Determining whether the principal place of business of a person or of a firm is in Virginia

Universal Citation: 8 VA Admin Code 5-22-50

Current through Register Vol. 41, No. 3, September 23, 2024

Complying with subdivision A 1 of § 54.1-4409.1, subsection B of § 54.1-4411, or subsection B of § 54.1-4412.1 of the Code of Virginia requires the person or firm to use reasonable judgment in determining whether Virginia is the principal place of business in which:

1. The person provides services to the public; or

2. The firm provides attest services or compilation services.

The determination shall be reasonable considering the facts and circumstances and can be based on quantitative or qualitative assessments. The determination shall be reconsidered for changes in facts and circumstances that are not temporary.

Statutory Authority: §§ 54.1-4402 and 54.1-4403 of the Code of Virginia.

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