Article 3.--LICENSURE, EXAMINATION AND REGISTRATION
1-321.Definitions.
When used in chapter 1 of the Kansas Statutes Annotated, and
amendments thereto, the following terms shall have the meanings
indicated:
(a) "Actively participate" means participation that is continuous as one's
primary
occupation.
(b) "Affiliated entity" means one that provides services to the CPA firm or
provides services to the public that are complementary to those provided by the
CPA firm.
(c) "AICPA" means the American institute of certified public accountants.
(d) "Attest" means providing the following financial statement services:
(1) Any audit or other engagement to be performed in accordance with the
statements on auditing standards (SAS);
(2) any audit to be performed in accordance with the Kansas municipal audit
guide;
(3) any review of a financial statement to be performed in accordance with
the statements on standards for accounting and review services (SSARS);
(4) any engagement, except a compilation, to be performed in accordance with
the statements on standards for attestation engagements (SSAE); and
(5) any engagement to be performed in accordance with the standards of the
PCAOB.
(e) "Board" means the Kansas board of accountancy established under K.S.A.
1-201 and amendments thereto.
(f) "Certificate" means a certificate as a certified public accountant issued
under K.S.A. 1-302 and amendments thereto, or a certificate as a certified
public
accountant issued after examination under the law of any other state.
(g) "Client" means a person or entity that agrees with a permit holder to
receive any professional service.
(h) "Compilation" means providing a service to be performed in accordance
with the statements on standards for accounting and review services (SSARS)
or the statements on standards for
attestation engagements (SSAE)
the objective of which is to present
in the form of financial statements, information that is the
representation of management or owners, or both, without undertaking to
express any assurance on the statements.
(i) "Directed" means the location to which the engagement letter is sent.
(j) "Equity capital" means (1) capital stock, capital
accounts,
capital contributions or undistributed earnings of a registered firm as
referred to in K.S.A. 1-308 and amendments thereto; and (2) loans and advances
to a registered firm made or held by its owners. "Equity capital" does not
include an interest in bonuses, profit sharing plans, defined benefit plans
or loans to a registered firm from banks, financial institutions or other third
parties that do not actively participate in such registered firm.
(k) "Firm" means:
(1) An individual who operates as a sole practitioner and who issues reports
subject to peer review; or
(2) any business organization including, but not limited to, a general
partnership, limited liability partnership, general corporation, professional
corporation or limited liability company.
(l) "Good moral character" means lack of a history of
professional dishonesty
or other felonious acts.
(m) "Home office" means the location specified by the client as
the address to which a service described in subsection (d) of K.S.A. 1-322, and
amendments thereto, is directed.
(n) "Active license" means a certificate or a permit to
practice issued by
another state that is currently in force and authorizes the holder to practice
certified public accountancy.
(o) "Licensee" means the holder of a certificate or a
permit to practice
issued by this state or another state.
(p) "Manager" means a manager of a limited liability
company.
(q) "Member" means a member of a limited liability company.
(r) "NASBA" means the national association of state boards
of accountancy.
(s) "Nonattest" means providing the following services:
(1) The preparation of tax returns and providing advice on tax matters;
(2) the preparation of any compilation;
(3) management advisory, consulting, litigation support and
assurance
services, except for attest services;
(4) financial planning;
(5) valuation services; and
(6) any other financial service not included in the
statements on auditing
standards, the statements on standards for accounting and review services, the
standards for attestation engagements as developed by the American institute of
certified public accountants or as defined by the board.
(t) "PCAOB" means the public company accounting oversight
board created by the Sarbanes-Oxley act of 2002.
(u) "Practice of certified public accountancy" means
performing or offering
to perform attest or nonattest services for the public while using the
designation "certified public accountant" or CPA in
conjunction with such services.
(v) "Practice of public accountancy" means performing or
offering to perform
attest or nonattest services for the public by a person not required to have a
permit to practice or a firm not required to register with the board.
(w) "Principal place of business" means the office location
designated by the licensee for purposes of substantial equivalency and
reciprocity.
(x) "Professional" means arising out of or related to the
specialized
knowledge or skills associated with CPAs.
(y) "Report," when used with reference to financial
statements, means an
opinion, report or other form of language that states or implies assurance as
the reliability of any financial statements and that also includes or is
accompanied by any statement or implication that the person or firm issuing it
has special knowledge or competence in accounting or auditing.
Such a statement or implication of special knowledge or competence may arise
from use, by the issuer of the report, of names or titles indicating that the
person or firm is an accountant or auditor or from the language of the report
itself. The term
report includes any form of language which disclaims an opinion when such
form of language is conventionally understood to imply any positive assurance
as to the reliability of the financial statements referred to or special
competence on the part of the person or firm issuing such language; and it
includes any other form of language that is conventionally understood to imply
such assurance or such special knowledge or competence.
(z) "Rule" means any rule or regulation adopted by the
board.
(aa) "State" means any state of the United States, the
District of Columbia,
Puerto Rico, the U.S. Virgin Islands and Guam; except that "this state" means
the state of Kansas.
(bb) "Substantial equivalency" is a determination by the
board of accountancy
or its designee that the education, examination and experience requirements
contained in the statutes and administrative rules of another jurisdiction are
comparable to, or exceed the education, examination and experience requirements
contained in the uniform accountancy act or that an individual CPA's education,
examination and experience qualifications are comparable to or exceed the
education, examination and experience requirements contained in the uniform
accountancy act.
In ascertaining substantial equivalency as used in this act, the board shall
take into account the qualifications without regard to the sequence in which
experience, education or examination requirements were attained.
(cc) "Uniform accountancy act" means model legislation
issued by the AICPA and
NASBA in existence on July 1, 2007.
History: L. 2000, ch. 81, § 1;
L. 2001, ch. 120, § 5;
L. 2007, ch. 97, § 10;
L. 2009, ch. 38, § 12; Apr. 2.
Article 3.--LICENSURE, EXAMINATION AND REGISTRATION
1-321.Definitions.
When used in chapter 1 of the Kansas Statutes Annotated, and
amendments thereto, the following terms shall have the meanings
indicated:
(a) "Actively participate" means participation that is continuous as one's
primary
occupation.
(b) "Affiliated entity" means one that provides services to the CPA firm or
provides services to the public that are complementary to those provided by the
CPA firm.
(c) "AICPA" means the American institute of certified public accountants.
(d) "Attest" means providing the following financial statement services:
(1) Any audit or other engagement to be performed in accordance with the
statements on auditing standards (SAS);
(2) any audit to be performed in accordance with the Kansas municipal audit
guide;
(3) any review of a financial statement to be performed in accordance with
the statements on standards for accounting and review services (SSARS);
(4) any engagement, except a compilation, to be performed in accordance with
the statements on standards for attestation engagements (SSAE); and
(5) any engagement to be performed in accordance with the standards of the
PCAOB.
(e) "Board" means the Kansas board of accountancy established under K.S.A.
1-201 and amendments thereto.
(f) "Certificate" means a certificate as a certified public accountant issued
under K.S.A. 1-302 and amendments thereto, or a certificate as a certified
public
accountant issued after examination under the law of any other state.
(g) "Client" means a person or entity that agrees with a permit holder to
receive any professional service.
(h) "Compilation" means providing a service to be performed in accordance
with the statements on standards for accounting and review services (SSARS)
or the statements on standards for
attestation engagements (SSAE)
the objective of which is to present
in the form of financial statements, information that is the
representation of management or owners, or both, without undertaking to
express any assurance on the statements.
(i) "Directed" means the location to which the engagement letter is sent.
(j) "Equity capital" means (1) capital stock, capital
accounts,
capital contributions or undistributed earnings of a registered firm as
referred to in K.S.A. 1-308 and amendments thereto; and (2) loans and advances
to a registered firm made or held by its owners. "Equity capital" does not
include an interest in bonuses, profit sharing plans, defined benefit plans
or loans to a registered firm from banks, financial institutions or other third
parties that do not actively participate in such registered firm.
(k) "Firm" means:
(1) An individual who operates as a sole practitioner and who issues reports
subject to peer review; or
(2) any business organization including, but not limited to, a general
partnership, limited liability partnership, general corporation, professional
corporation or limited liability company.
(l) "Good moral character" means lack of a history of
professional dishonesty
or other felonious acts.
(m) "Home office" means the location specified by the client as
the address to which a service described in subsection (d) of K.S.A. 1-322, and
amendments thereto, is directed.
(n) "Active license" means a certificate or a permit to
practice issued by
another state that is currently in force and authorizes the holder to practice
certified public accountancy.
(o) "Licensee" means the holder of a certificate or a
permit to practice
issued by this state or another state.
(p) "Manager" means a manager of a limited liability
company.
(q) "Member" means a member of a limited liability company.
(r) "NASBA" means the national association of state boards
of accountancy.
(s) "Nonattest" means providing the following services:
(1) The preparation of tax returns and providing advice on tax matters;
(2) the preparation of any compilation;
(3) management advisory, consulting, litigation support and
assurance
services, except for attest services;
(4) financial planning;
(5) valuation services; and
(6) any other financial service not included in the
statements on auditing
standards, the statements on standards for accounting and review services, the
standards for attestation engagements as developed by the American institute of
certified public accountants or as defined by the board.
(t) "PCAOB" means the public company accounting oversight
board created by the Sarbanes-Oxley act of 2002.
(u) "Practice of certified public accountancy" means
performing or offering
to perform attest or nonattest services for the public while using the
designation "certified public accountant" or CPA in
conjunction with such services.
(v) "Practice of public accountancy" means performing or
offering to perform
attest or nonattest services for the public by a person not required to have a
permit to practice or a firm not required to register with the board.
(w) "Principal place of business" means the office location
designated by the licensee for purposes of substantial equivalency and
reciprocity.
(x) "Professional" means arising out of or related to the
specialized
knowledge or skills associated with CPAs.
(y) "Report," when used with reference to financial
statements, means an
opinion, report or other form of language that states or implies assurance as
the reliability of any financial statements and that also includes or is
accompanied by any statement or implication that the person or firm issuing it
has special knowledge or competence in accounting or auditing.
Such a statement or implication of special knowledge or competence may arise
from use, by the issuer of the report, of names or titles indicating that the
person or firm is an accountant or auditor or from the language of the report
itself. The term
report includes any form of language which disclaims an opinion when such
form of language is conventionally understood to imply any positive assurance
as to the reliability of the financial statements referred to or special
competence on the part of the person or firm issuing such language; and it
includes any other form of language that is conventionally understood to imply
such assurance or such special knowledge or competence.
(z) "Rule" means any rule or regulation adopted by the
board.
(aa) "State" means any state of the United States, the
District of Columbia,
Puerto Rico, the U.S. Virgin Islands and Guam; except that "this state" means
the state of Kansas.
(bb) "Substantial equivalency" is a determination by the
board of accountancy
or its designee that the education, examination and experience requirements
contained in the statutes and administrative rules of another jurisdiction are
comparable to, or exceed the education, examination and experience requirements
contained in the uniform accountancy act or that an individual CPA's education,
examination and experience qualifications are comparable to or exceed the
education, examination and experience requirements contained in the uniform
accountancy act.
In ascertaining substantial equivalency as used in this act, the board shall
take into account the qualifications without regard to the sequence in which
experience, education or examination requirements were attained.
(cc) "Uniform accountancy act" means model legislation
issued by the AICPA and
NASBA in existence on July 1, 2007.
History: L. 2000, ch. 81, § 1;
L. 2001, ch. 120, § 5;
L. 2007, ch. 97, § 10;
L. 2009, ch. 38, § 12; Apr. 2.
Article 3.--LICENSURE, EXAMINATION AND REGISTRATION
1-321.Definitions.
When used in chapter 1 of the Kansas Statutes Annotated, and
amendments thereto, the following terms shall have the meanings
indicated:
(a) "Actively participate" means participation that is continuous as one's
primary
occupation.
(b) "Affiliated entity" means one that provides services to the CPA firm or
provides services to the public that are complementary to those provided by the
CPA firm.
(c) "AICPA" means the American institute of certified public accountants.
(d) "Attest" means providing the following financial statement services:
(1) Any audit or other engagement to be performed in accordance with the
statements on auditing standards (SAS);
(2) any audit to be performed in accordance with the Kansas municipal audit
guide;
(3) any review of a financial statement to be performed in accordance with
the statements on standards for accounting and review services (SSARS);
(4) any engagement, except a compilation, to be performed in accordance with
the statements on standards for attestation engagements (SSAE); and
(5) any engagement to be performed in accordance with the standards of the
PCAOB.
(e) "Board" means the Kansas board of accountancy established under K.S.A.
1-201 and amendments thereto.
(f) "Certificate" means a certificate as a certified public accountant issued
under K.S.A. 1-302 and amendments thereto, or a certificate as a certified
public
accountant issued after examination under the law of any other state.
(g) "Client" means a person or entity that agrees with a permit holder to
receive any professional service.
(h) "Compilation" means providing a service to be performed in accordance
with the statements on standards for accounting and review services (SSARS)
or the statements on standards for
attestation engagements (SSAE)
the objective of which is to present
in the form of financial statements, information that is the
representation of management or owners, or both, without undertaking to
express any assurance on the statements.
(i) "Directed" means the location to which the engagement letter is sent.
(j) "Equity capital" means (1) capital stock, capital
accounts,
capital contributions or undistributed earnings of a registered firm as
referred to in K.S.A. 1-308 and amendments thereto; and (2) loans and advances
to a registered firm made or held by its owners. "Equity capital" does not
include an interest in bonuses, profit sharing plans, defined benefit plans
or loans to a registered firm from banks, financial institutions or other third
parties that do not actively participate in such registered firm.
(k) "Firm" means:
(1) An individual who operates as a sole practitioner and who issues reports
subject to peer review; or
(2) any business organization including, but not limited to, a general
partnership, limited liability partnership, general corporation, professional
corporation or limited liability company.
(l) "Good moral character" means lack of a history of
professional dishonesty
or other felonious acts.
(m) "Home office" means the location specified by the client as
the address to which a service described in subsection (d) of K.S.A. 1-322, and
amendments thereto, is directed.
(n) "Active license" means a certificate or a permit to
practice issued by
another state that is currently in force and authorizes the holder to practice
certified public accountancy.
(o) "Licensee" means the holder of a certificate or a
permit to practice
issued by this state or another state.
(p) "Manager" means a manager of a limited liability
company.
(q) "Member" means a member of a limited liability company.
(r) "NASBA" means the national association of state boards
of accountancy.
(s) "Nonattest" means providing the following services:
(1) The preparation of tax returns and providing advice on tax matters;
(2) the preparation of any compilation;
(3) management advisory, consulting, litigation support and
assurance
services, except for attest services;
(4) financial planning;
(5) valuation services; and
(6) any other financial service not included in the
statements on auditing
standards, the statements on standards for accounting and review services, the
standards for attestation engagements as developed by the American institute of
certified public accountants or as defined by the board.
(t) "PCAOB" means the public company accounting oversight
board created by the Sarbanes-Oxley act of 2002.
(u) "Practice of certified public accountancy" means
performing or offering
to perform attest or nonattest services for the public while using the
designation "certified public accountant" or CPA in
conjunction with such services.
(v) "Practice of public accountancy" means performing or
offering to perform
attest or nonattest services for the public by a person not required to have a
permit to practice or a firm not required to register with the board.
(w) "Principal place of business" means the office location
designated by the licensee for purposes of substantial equivalency and
reciprocity.
(x) "Professional" means arising out of or related to the
specialized
knowledge or skills associated with CPAs.
(y) "Report," when used with reference to financial
statements, means an
opinion, report or other form of language that states or implies assurance as
the reliability of any financial statements and that also includes or is
accompanied by any statement or implication that the person or firm issuing it
has special knowledge or competence in accounting or auditing.
Such a statement or implication of special knowledge or competence may arise
from use, by the issuer of the report, of names or titles indicating that the
person or firm is an accountant or auditor or from the language of the report
itself. The term
report includes any form of language which disclaims an opinion when such
form of language is conventionally understood to imply any positive assurance
as to the reliability of the financial statements referred to or special
competence on the part of the person or firm issuing such language; and it
includes any other form of language that is conventionally understood to imply
such assurance or such special knowledge or competence.
(z) "Rule" means any rule or regulation adopted by the
board.
(aa) "State" means any state of the United States, the
District of Columbia,
Puerto Rico, the U.S. Virgin Islands and Guam; except that "this state" means
the state of Kansas.
(bb) "Substantial equivalency" is a determination by the
board of accountancy
or its designee that the education, examination and experience requirements
contained in the statutes and administrative rules of another jurisdiction are
comparable to, or exceed the education, examination and experience requirements
contained in the uniform accountancy act or that an individual CPA's education,
examination and experience qualifications are comparable to or exceed the
education, examination and experience requirements contained in the uniform
accountancy act.
In ascertaining substantial equivalency as used in this act, the board shall
take into account the qualifications without regard to the sequence in which
experience, education or examination requirements were attained.
(cc) "Uniform accountancy act" means model legislation
issued by the AICPA and
NASBA in existence on July 1, 2007.
History: L. 2000, ch. 81, § 1;
L. 2001, ch. 120, § 5;
L. 2007, ch. 97, § 10;
L. 2009, ch. 38, § 12; Apr. 2.