A. This chapter shall not be construed to prevent any person who is notlicensed from:
1. Using the description "accountant" or "bookkeeper";
2. Stating that he practices accounting or bookkeeping;
3. Performing services involving the use of accounting skills;
4. Rendering tax services, or management advisory or consulting services;
5. Keeping the books of account and related accounting records; or
6. Preparing financial statements without providing assurance.
B. This chapter shall not be construed to prevent any person who is notlicensed from stating that he has prepared, compiled, assembled or drafted afinancial statement, provided he does not use any additional language thatcomprises an assurance or make any claims, representations, or statementsprohibited by § 54.1-4414.
C. The prohibitions of § 54.1-4414 and the other provisions of this chaptershall not be construed to preclude any person who is not licensed from usingthe following language: "I (We) have compiled the accompanying (financialstatements) of (name of entity) as of (time period) and for the (period) thenended. A compilation is limited to presenting in the form of financialstatements information that is the representation of management (owners). I(We) have not audited or reviewed the accompanying financial statements and,accordingly, do not express an opinion or any other form of assurance onthem. Management has elected to omit substantially all (or certain) requireddisclosures (and the statement of cash flows). If the omitted disclosureswere included in the financial statements, they might influence the user'sconclusions about the (entity's) financial position, results of operations,and cash flows. Accordingly, these financial statements are not designed forthose who are not informed about these matters."
D. The provisions of this chapter shall not be construed, interpreted, orapplied to prohibit any public official or public employee from performinghis duly authorized or mandated duties.
A. This chapter shall not be construed to prevent any person who is notlicensed from:
1. Using the description "accountant" or "bookkeeper";
2. Stating that he practices accounting or bookkeeping;
3. Performing services involving the use of accounting skills;
4. Rendering tax services, or management advisory or consulting services;
5. Keeping the books of account and related accounting records; or
6. Preparing financial statements without providing assurance.
B. This chapter shall not be construed to prevent any person who is notlicensed from stating that he has prepared, compiled, assembled or drafted afinancial statement, provided he does not use any additional language thatcomprises an assurance or make any claims, representations, or statementsprohibited by § 54.1-4414.
C. The prohibitions of § 54.1-4414 and the other provisions of this chaptershall not be construed to preclude any person who is not licensed from usingthe following language: "I (We) have compiled the accompanying (financialstatements) of (name of entity) as of (time period) and for the (period) thenended. A compilation is limited to presenting in the form of financialstatements information that is the representation of management (owners). I(We) have not audited or reviewed the accompanying financial statements and,accordingly, do not express an opinion or any other form of assurance onthem. Management has elected to omit substantially all (or certain) requireddisclosures (and the statement of cash flows). If the omitted disclosureswere included in the financial statements, they might influence the user'sconclusions about the (entity's) financial position, results of operations,and cash flows. Accordingly, these financial statements are not designed forthose who are not informed about these matters."
D. The provisions of this chapter shall not be construed, interpreted, orapplied to prohibit any public official or public employee from performinghis duly authorized or mandated duties.
A. This chapter shall not be construed to prevent any person who is notlicensed from:
1. Using the description "accountant" or "bookkeeper";
2. Stating that he practices accounting or bookkeeping;
3. Performing services involving the use of accounting skills;
4. Rendering tax services, or management advisory or consulting services;
5. Keeping the books of account and related accounting records; or
6. Preparing financial statements without providing assurance.
B. This chapter shall not be construed to prevent any person who is notlicensed from stating that he has prepared, compiled, assembled or drafted afinancial statement, provided he does not use any additional language thatcomprises an assurance or make any claims, representations, or statementsprohibited by § 54.1-4414.
C. The prohibitions of § 54.1-4414 and the other provisions of this chaptershall not be construed to preclude any person who is not licensed from usingthe following language: "I (We) have compiled the accompanying (financialstatements) of (name of entity) as of (time period) and for the (period) thenended. A compilation is limited to presenting in the form of financialstatements information that is the representation of management (owners). I(We) have not audited or reviewed the accompanying financial statements and,accordingly, do not express an opinion or any other form of assurance onthem. Management has elected to omit substantially all (or certain) requireddisclosures (and the statement of cash flows). If the omitted disclosureswere included in the financial statements, they might influence the user'sconclusions about the (entity's) financial position, results of operations,and cash flows. Accordingly, these financial statements are not designed forthose who are not informed about these matters."
D. The provisions of this chapter shall not be construed, interpreted, orapplied to prohibit any public official or public employee from performinghis duly authorized or mandated duties.
