Missouri Revised Statutes
Chapter 326
Accountants
←326.253
Section 326.256.1
326.259→
August 28, 2015
Definitions.
326.256. 1. As used in this chapter, the following terms mean:
(1) "AICPA", the American Institute of Certified Public Accountants;
(2) "Attest" or "attest services", providing the following financial
statement services:
(a) Any audit or other engagement to be performed in accordance with the
Statements on Auditing Standards (SAS);
(b) Any examination of prospective financial information to be performed
in accordance with the Statements on Standards for Attestation Engagements
(SSAE); or
(c) Any engagement to be performed in accordance with the auditing
standards and rules of the Public Company Accounting Oversight Board (PCAOB);
(3) "Board", the Missouri state board of accountancy established under
section 326.259 or its predecessor pursuant to prior law;
(4) "Certificate", a certificate issued under section 326.060* prior to
August 28, 2001;
(5) "Certified public accountant" or "CPA", the holder of a certificate
or license as defined in this section;
(6) "Certified public accountant firm", "CPA firm" or "firm", a sole
proprietorship, a corporation, a partnership or any other form of organization
issued a permit under section 326.289;
(7) "Client", a person or entity that agrees with a licensee or
licensee's employer to receive any professional service;
(8) "Compilation", providing a service to be performed in accordance
with Statements on Standards for Accounting and Review Services (SSARS) that
is presented in the form of financial statements information that is the
representation of management (owners) without undertaking to express any
assurance on the statements;
(9) "Home office", the location specified by the client as the address
to which attest, compilation, or review services are directed;
(10) "License", a license issued under section 326.280, or privilege to
practice under section 326.283; or, in each case, an individual license or
permit issued pursuant to corresponding provisions of prior law;
(11) "Licensee", the holder of a license as defined in this section;
(12) "Manager", a manager of a limited liability company;
(13) "Member", a member of a limited liability company;
(14) "NASBA", the National Association of State Boards of Accountancy;
(15) "Peer review", a study, appraisal or review of one or more aspects
of the professional work of a licensee or certified public accountant firm
that performs attest, review or compilation services, by licensees who are not
affiliated either personally or through their certified public accountant
firm being reviewed pursuant to the Standards for Performing and Reporting on
Peer Reviews promulgated by the AICPA or such other standard adopted by
regulation of the board which meets or exceeds the AICPA standards;
(16) "Permit", a permit to practice as a certified public accountant firm
issued under section 326.289 or corresponding provisions of prior law or
pursuant to corresponding provisions of the laws of other states;
(17) "Professional", arising out of or related to the specialized
knowledge or skills associated with certified public accountants;
(18) "Public accounting":
(a) Performing or offering to perform for an enterprise, client or
potential client one or more services involving the use of accounting or
auditing skills, or one or more management advisory or consulting services,
or the preparation of tax returns or the furnishing of advice on tax matters
by a person, firm, limited liability company or professional corporation using
the title "C.P.A." or "P.A." in signs, advertising, directory listing,
business cards, letterheads or other public representations;
(b) Signing or affixing a name, with any wording indicating the person
or entity has expert knowledge in accounting or auditing to any opinion or
certificate attesting to the reliability of any representation or estimate in
regard to any person or organization embracing financial information or facts
respecting compliance with conditions established by law or contract,
including but not limited to statutes, ordinances, rules, grants, loans and
appropriations; or
(c) Offering to the public or to prospective clients to perform, or
actually performing on behalf of clients, professional services that involve
or require an audit or examination of financial records leading to the
expression of a written attestation or opinion concerning these records;
(19) "Report", when used with reference to financial statements, means an
opinion, report or other form of language that states or implies assurance as
to 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,
or both, and includes any other form of language that is conventionally
understood to imply such assurance or such special knowledge or competence, or
both;
(20) "Review", providing a service to be performed in accordance with
Statements on Standards for Accounting and Review Services (SSARS) that is
performing inquiry and analytical procedures that provide the accountant with
a reasonable basis for expressing limited assurance that there are no
material modifications that should be made to the statements for them to be
in conformity with generally accepted accounting principles or, if
applicable, with another comprehensive basis of accounting;
(21) "State", 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 Missouri;
(22) "Substantial equivalency" or "substantially equivalent", 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 this chapter
or that an individual certified public accountant's education, examination and
experience qualifications are comparable to or exceed the education,
examination and experience requirements contained in this chapter;
(23) "Transmittal", any transmission of information in any form,
including but not limited to any and all documents, records, minutes,
computer files, disks or information.
2. The statements on standards specified in this section shall be adopted
by reference by the board pursuant to rulemaking and shall be those developed
for general application by the AICPA or other recognized national accountancy
organization as prescribed by board rule.
(L. 2001 H.B. 567, A.L. 2002 H.B. 1600, A.L. 2008 S.B. 788)
*Section 326.060 was repealed by H.B. 567, 2001.
2002
2001
2002
326.256. 1. As used in this chapter, the following terms mean:
(1) "AICPA", the American Institute of Certified Public Accountants;
(2) "Attest", providing the following financial statement services:
(a) Any audit or other engagement to be performed in accordance with
the Statements on Auditing Standards (SAS);
(b) Any examination of prospective financial information to be
performed in accordance with the Statements on Standards for Attestation
Engagements (SSAE);
(3) "Board", the Missouri state board of accountancy established
pursuant to section 326.259 or its predecessor pursuant to prior law;
(4) "Certificate", a certificate issued pursuant to section 326.060
prior to August 28, 2001;
(5) "Certified public accountant" or "CPA", the holder of a
certificate or license as defined in this section;
(6) "Certified public accountant firm", "CPA firm" or "firm", a sole
proprietorship, a corporation, a partnership or any other form of
organization issued a permit pursuant to section 326.289;
(7) "Client", a person or entity that agrees with a licensee or
licensee's employer to receive any professional service;
(8) "Compilation", providing a service to be performed in accordance
with Statements on Standards for Accounting and Review Services (SSARS)
that is presented in the form of financial statements information that is
the representation of management (owners) without undertaking to express
any assurance on the statements;
(9) "License", a license issued pursuant to section 326.280, or a
provisional license issued pursuant to section 326.283; or, in each case,
an individual license or permit issued pursuant to corresponding provisions
of prior law;
(10) "Licensee", the holder of a license as defined in this section;
(11) "Manager", a manager of a limited liability company;
(12) "Member", a member of a limited liability company;
(13) "NASBA", the National Association of State Boards of
Accountancy;
(14) "Peer review", a study, appraisal or review of one or more
aspects of the professional work of a licensee or certified public
accountant firm that performs attest, review or compilation services, by
licensees who are not affiliated either personally or through their
certified public accountant firm being reviewed pursuant to the Standards
for Performing and Reporting on Peer Reviews promulgated by the AICPA or
such other standard adopted by regulation of the board which meets or
exceeds the AICPA standards;
(15) "Permit", a permit to practice as a certified public accountant
firm issued pursuant to section 326.289 or corresponding provisions of
prior law or pursuant to corresponding provisions of the laws of other
states;
(16) "Professional", arising out of or related to the specialized
knowledge or skills associated with certified public accountants;
(17) "Public accounting":
(a) Performing or offering to perform for an enterprise, client or
potential client one or more services involving the use of accounting or
auditing skills, or one or more management advisory or consulting services,
or the preparation of tax returns or the furnishing of advice on tax
matters by a person, firm, limited liability company or professional
corporation using the title "C.P.A." or "P.A." in signs, advertising,
directory listing, business cards, letterheads or other public
representations;
(b) Signing or affixing a name, with any wording indicating the
person or entity has expert knowledge in accounting or auditing to any
opinion or certificate attesting to the reliability of any representation
or estimate in regard to any person or organization embracing financial
information or facts respecting compliance with conditions established by
law or contract, including but not limited to statutes, ordinances, rules,
grants, loans and appropriations; or
(c) Offering to the public or to prospective clients to perform, or
actually performing on behalf of clients, professional services that
involve or require an audit or examination of financial records leading to
the expression of a written attestation or opinion concerning these
records;
(18) "Report", when used with reference to financial statements,
means an opinion, report or other form of language that states or implies
assurance as to 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, or both, and
includes any other form of language that is conventionally understood to
imply such assurance or such special knowledge or competence, or both;
(19) "Review", providing a service to be performed in accordance with
Statements on Standards for Accounting and Review Services (SSARS) that is
performing inquiry and analytical procedures that provide the accountant
with a reasonable basis for expressing limited assurance that there are no
material modifications that should be made to the statements for them to be
in conformity with generally accepted accounting principles or, if
applicable, with another comprehensive basis of accounting;
(20) "State", 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 Missouri;
(21) "Substantial equivalency", 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 this chapter or that an individual
certified public accountant's education, examination and experience
qualifications are comparable to or exceed the education, examination and
experience requirements contained in this chapter;
(22) "Transmittal", any transmission of information in any form,
including but not limited to any and all documents, records, minutes,
computer files, disks or information.
2. The statements on standards specified in this section shall be
adopted by reference by the board pursuant to rulemaking and shall be those
developed for general application by the AICPA or other recognized national
accountancy organization as prescribed by board rule.
2001
326.256. 1. As used in this chapter, the following terms mean:
(1) "AICPA", the American Institute of Certified Public Accountants;
(2) "Attest", providing the following financial statement services:
(a) Any audit or other engagement to be performed in accordance with the
Statements on Auditing Standards (SAS);
(b) Any examination of prospective financial information to be performed
in accordance with the Statements on Standards for Attestation Engagements
(SSAE);
(3) "Board", the Missouri state board of accountancy established
pursuant to section 326.259 or its predecessor pursuant to prior law;
(4) "Certificate", a certificate issued pursuant to section 326.060
prior to August 28, 2001;
(5) "Certified public accountant" or "CPA", the holder of a certificate
or license as defined in this section;
(6) "Certified public accountant firm", "CPA firm" or "firm", a sole
proprietorship, a corporation, a partnership or any other form of organization
issued a permit pursuant to section 326.289;
(7) "Client", a person or entity that agrees with a licensee or
licensee's employer to receive any professional service;
(8) "Compilation", providing a service to be performed in accordance
with Statements on Standards for Accounting and Review Services (SSARS) that
is presented in the form of financial statements information that is the
representation of management (owners) without undertaking to express any
assurance on the statements;
(9) "License", a license issued pursuant to section 326.280, or a
provisional license issued pursuant to section 326.283; or, in each case, an
individual license or permit issued pursuant to corresponding provisions of
prior law;
(10) "Licensee", the holder of a license as defined in this section;
(11) "Manager", a manager of a limited liability company;
(12) "Member", a member of a limited liability company;
(13) "NASBA", the National Association of State Boards of Accountancy;
(14) "Peer review", a study, appraisal or review of one or more aspects
of the professional work of a licensee or certified public accountant firm
that performs attest, review or compilation services, by licensees who are not
affiliated either personally or through their certified public accountant firm
being reviewed pursuant to the Standards for Performing and Reporting on Peer
Reviews promulgated by the AICPA or such other standard adopted by regulation
of the board which meets or exceeds the AICPA standards;
(15) "Permit", a permit to practice as a certified public accountant
firm issued pursuant to section 326.289 or corresponding provisions of prior
law or pursuant to corresponding provisions of the laws of other states;
(16) "Professional", arising out of or related to the specialized
knowledge or skills associated with certified public accountants;
(17) "Public accountancy":
(a) Performing or offering to perform for an enterprise, client or
potential client one or more services involving the use of accounting or
auditing skills, or one or more management advisory or consulting services, or
the preparation of tax returns or the furnishing of advice on tax matters by a
person, firm, limited liability company or professional corporation using the
title "C.P.A." or "P.A." in signs, advertising, directory listing, business
cards, letterheads or other public representations;
(b) Signing or affixing a name, with any wording indicating the person
or entity has expert knowledge in accounting or auditing to any opinion or
certificate attesting to the reliability of any representation or estimate in
regard to any person or organization embracing financial information or facts
respecting compliance with conditions established by law or contract,
including but not limited to statutes, ordinances, rules, grants, loans and
appropriations; or
(c) Offering to the public or to prospective clients to perform, or
actually performing on behalf of clients, professional services that involve
or require an audit or examination of financial records leading to the
expression of a written attestation or opinion concerning these records;
(18) "Report", when used with reference to financial statements, means
an opinion, report or other form of language that states or implies assurance
as to 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, or
both, and includes any other form of language that is conventionally
understood to imply such assurance or such special knowledge or competence, or
both;
(19) "Review", providing a service to be performed in accordance with
Statements on Standards for Accounting and Review Services (SSARS) that is
performing inquiry and analytical procedures that provide the accountant with
a reasonable basis for expressing limited assurance that there are no material
modifications that should be made to the statements for them to be in
conformity with generally accepted accounting principles or, if applicable,
with another comprehensive basis of accounting;
(20) "State", 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 Missouri;
(21) "Substantial equivalency", 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 this chapter or that an individual
certified public accountant's education, examination and experience
qualifications are comparable to or exceed the education, examination and
experience requirements contained in this chapter;
(22) "Transmittal", any transmission of information in any form,
including but not limited to any and all documents, records, minutes, computer
files, disks or information.
2. The statements on standards specified in this section shall be
adopted by reference by the board pursuant to rulemaking and shall be those
developed for general application by the AICPA or other recognized national
accountancy organization as prescribed by board rule.
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