reglab/statecodes huggingface dataset:
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0065 - Qualifications for Licensure

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Requirements
. Applicants for the license of Certified Public
			 Accountant must meet the following requirements:
(a) Complete and pass all sections of the CPA
			 exam
(b) Complete and pass an
			 ethics exam that has been adopted by the Board with a score of 90 or above;
			 and
(c) Show satisfactory evidence
			 that the candidate has successfully completed 150 semester hours or 225 quarter
			 hours of education that meet the requirements in OAR
			 801-010-0050(3);
			 and
(d) Have a minimum of 12 months
			 and at least 2000 hours of supervised employment.
(e) Applicants for the CPA license must
			 obtain the experience in each of the seven competencies as described in
			 sections (2) through (4) of this rule.
(f) Except as provided in section six (6) of
			 this rule, the experience, ethics and examination requirements must be obtained
			 and completed within eight years immediately preceding the date the application
			 for license was received at the Board office.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0073 - Certification of Applicant's Experience

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Requirement to provide verification of
			 experience.
(a) An applicant is responsible
			 for providing to the Board, written documentation of their experience on an
			 affidavit developed by the Board. The applicant's supervisor licensee is
			 required to verify the written documentation prepared by the applicant, in a
			 format prescribed by the Board.
(b)
			 A supervisor licensee must not commit any act, which unjustly jeopardizes an
			 applicant's ability to obtain a license in this or any jurisdiction.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0075 - Public Accountants Applying for Certificate of Public Accountancy

Current through Register Vol. 63, No. 7, July 1, 2024
A public accountant licensed in Oregon who is applying for a
				certified public accountant license must:
(1) Hold an active public accountant license
			 issued under ORS 673.100 that is not revoked,
			 suspended, on probation or lapsed;
(2) Present satisfactory evidence that the
			 candidate has successfully completed 150 semester hours or 225 quarter hours as
			 required in OAR 801-010-0050.
(3) Successfully complete all sections of the
			 CPA exam. Credit may be received for sections of the CPA exam previously
			 completed, and not expired, if the requirements of OAR
			 801-010-0060 are satisfied;
			 and
(4) Satisfy the experience
			 requirements under ORS
			 673.040 and OAR
			 801-010-0065.
(5) The experience and examination
			 requirements must be obtained and completed within eight years immediately
			 preceding the date the application is received at the Board office.
(6) Licensee must surrender the Public
			 Accountant license issued before the CPA license will be issued.
Statutory/Other Authority: ORS
				  670.310 &
				  673.410
Statutes/Other Implemented: ORS
				  673.040
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0078 - Repealed

Current through Register Vol. 63, No. 7, July 1, 2024
Stat. Auth.: ORS
				  670.310 &
				  673.410
Stats. Implemented: ORS
				  673.040
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0079 - Experience Obtained in Foreign Countries

Current through Register Vol. 63, No. 7, July 1, 2024
Experience obtained by an applicant outside the United States
				that is claimed to be equivalent to public accountancy experience obtained in
				the United States may be acceptable under ORS
				673.040 provided that the
				experience meets all of the requirements of OAR
				801-010-0065. The applicant's
				experience must be directly supervised by:
(1) A licensed public accountant or a
			 certified public accountant whose license is valid, and who held an active
			 license during the period of supervision and for at least five of the past
			 seven years immediately prior to such supervision and meets the provisions set
			 forth in 801-010-0065(2)(b)(A),
			 or
(2) A chartered accountant
			 licensed by a jurisdiction that is eligible for reciprocal licensing under
			 agreement with the International Qualifications Appraisal Board (IQAB) as
			 described in OAR 801-010-0085, who also meets the
			 following requirements:
(a) The chartered
			 accountant holds a valid license in good standing;
(b) The chartered accountant held an active
			 chartered accountant license during the period of supervision and for at least
			 five of the past seven years immediately prior to such supervision;
			 and
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0080 - Holders of Certificates or License in Other States, US Territories or Foreign Countries

Current through Register Vol. 63, No. 7, July 1, 2024
(1) An
			 individual whose principal place of business is not in this state, who has an
			 active license in good standing as a certified public accountant issued by
			 another jurisdiction, and who meets the standards of substantial equivalency as
			 defined in ORS 673.010(21) and
			 OAR 801-005-0010(59),
			 may practice public accountancy in this state.
(2)
Applications by reciprocity
.
			 Individuals who hold a valid CPA license in another jurisdiction and wish to
			 obtain a license in Oregon must:
(a) Complete
			 an application provided by the Board;
(b) Pay fees specified in OAR
			 801-010-0010;
(c) Demonstrate that they meet the
			 requirements of substantial equivalency as provided for in OAR
			 801-005-0010(59)(a) or
			 (b).
(d) Provide a written statement from the
			 jurisdiction on which the application is based confirming that the applicant:
(A) Holds a valid license in that
			 jurisdiction;
(B) Has not been
			 disciplined for violations of that jurisdiction's standards of conduct or
			 practice;
(C) Has no pending
			 actions alleging violations of that jurisdiction's standards of conduct of
			 practice;
(D) Is in compliance with
			 continuing education requirements of the licensing jurisdiction, and
(E) Has taken and passed an ethics exam with
			 a passing score in their home jurisdition.
(e) An applicant's file must be complete in
			 every particular within three months of the date of application or the file
			 will be closed. The application fee is non-refundable.
(f) Reciprocity applicants who wish to
			 establish a principal place of business in this state must apply for a CPA
			 license under this section within 60-days from the start date of Practicing
			 Public Accountancy in Oregon.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0085 - Holders of Foreign Licenses, Certificates, Credentials or Degrees

Current through Register Vol. 63, No. 7, July 1, 2024
(1) The Board
			 recognizes the International Qualifications Appraisal Board (IQAB), a joint
			 body of NASBA and AICPA. IQAB is charged with:
(a) Evaluation of the foreign credential
			 equivalency and professional credentialing process of certified public accounts
			 or their equivalents in countries other than the United States; and
(b) Negotiating principles of Mutual
			 Recognition Agreements (MRAs) with the appropriate professional and/or
			 governmental bodies of other countries seeking recognition as having
			 requirements substantially equivalent to requirements in the United States to
			 qualify for and receive the license of certified public accountant in a NASBA
			 jurisdiction.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0100 - Public Accountant Licenses

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Application requirements
. Applicants for the license of public
			 accountant must meet the following requirements:
(a) Complete and pass the required sections
			 of the CPA exam as described in ORS
			 673.100 and OAR
			 801-010-0060;
(b) Complete and pass an ethics exam with a
			 score of 90 or above that has been adopted by the Board; and
(c) Meet the experience requirements stated
			 in ORS 673.100 by obtaining one year of
			 experience, which means having a minimum of 12 months and at least 2000 hours
			 of supervised employment.
(d) The
			 experience and examination requirements must be obtained and completed within
			 eight years immediately preceding the date of application for
			 license.
(e) An applicant's file
			 must be complete in every particular within three months of the date of
			 application or the file will be closed. The application fee is
			 non-refundable.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0110 - Renewal of License

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Unless
			 properly renewed, licenses issued under ORS
			 673.150 that end in even numbers
			 expire on June 30 of even-numbered years and licenses that end in odd numbers
			 expire on June 30 of odd-numbered years. To renew an active, inactive or
			 retired license, the license holder must:
(a)
			 Submit the current renewal form published by the Board, fully completed and
			 received no later than June 30 of the year in which the license expires.
			 Applications that are submitted after June 30 must include a late fee described
			 in OAR 801-010-0010;
(b) Pay the renewal fee specified in OAR
			 801-010-0010; and
(c) If applying for renewal of an active or
			 inactive license, provide evidence that the applicant has satisfied the
			 continuing education requirements as provided in OAR
			 801-040-0010.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0115 - Resignation of License by Licensee

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Resigning licenses that are not the
			 subject of pending complaints or Board investigations.
A certified
			 public accountant or public accountant may resign and surrender a license
			 issued under ORS 673.040,
			 673.100 and
			 673.150, by submitting a written
			 resignation, together with the original certificate or license issued to the
			 Board office. All resignations are effective upon the Board's receipt of the
			 written resignation and certificate. In the event that a person wishes to
			 reapply for a license to practice public accountancy after such a resignation,
			 the person will be required to meet all requirements for initial licensure of
			 ORS Chapter 673 and OAR chapter 801.
(2)
Resigning licensees that are the
			 subject of pending complaints or Board investigation.
If a licensee is
			 the subject of a complaint filed with the Board or a Board investigation, or if
			 disciplinary proceedings are pending against a licensee, the resignation by
			 such licensee shall be treated as and deemed to be a revocation for cause. A
			 resignation under this section is not effective unless and until approved by
			 the Board. A licensee who resigns under this section will be required to
			 provide written notification to all clients of the effective date of
			 resignation, together with a copy of the Final Order and provide the Board with
			 a list of addresses of each client notified. A licensee may also be required to
			 secure advance approval by the Board of any written notice of resignation to
			 clients under this section.
(a) The Board may
			 refuse to accept a resignation under this provision if the written resignation
			 does not include a written acknowledgment by the resigning licensee of the
			 following:
(A) That the licensee is required
			 to return the CPA or PA wall certificate and wallet license card to the
			 Board.
(B) That the licensee has
			 knowledge of any pending investigation or disciplinary proceedings and does not
			 wish to contest or defend the matter.
(C) If required by the Board, that the
			 licensee has provided written notice of resignation under this section to all
			 clients and informed all clients of where client records and work papers will
			 be stored and of the clients' right to secure copies of all such records and
			 work papers at no cost to the client.
(D) A resigning licensee of a registered firm
			 is required to give written notice to only those firm clients for which the
			 resigning licensee was the sole or primary CPA on an engagement, an engagement
			 leader or the client relationship manager.
(E) That the licensee agrees to comply with
			 any and all terms or conditions imposed by the Board.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0120 - Inactive Status and Retired Status

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Inactive Status:
(a) An application for inactive license
			 status must be made on a form provided by the Board and must be accompanied by
			 a fee prescribed by OAR
			 801-010-0010.
(b) The licensee applying for inactive status
			 must certify to the Board that:
(A) The
			 licensee holds a license issued under ORS
			 673.150 that is not lapsed,
			 expired, retired, revoked or suspended;
(B) The licensee is not employed in a
			 firm;
(C) The licensee is not a
			 sole practitioner;
(D) Except as
			 expressly authorized in writing by the Board or provided for in this rule, the
			 licensee does not perform or offer to perform for compensation or remuneration
			 in Oregon or for an Oregon client, services involving the use of accounting or
			 attestation skills, including but not limited to issuance of reports on
			 financial statements, management advisory, financial advisory, consulting
			 services, preparation of tax returns or the furnishing of advice on tax or tax
			 planning matters.
(c) An
			 inactive licensee not working in a Firm is permitted to practice public
			 accountancy in private industry for one business entity as a staff accountant,
			 CFO or similar position.
(d)
			 Inactive licensees may not hold ownership interest in a registered CPA or PA
			 firm.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0125 - Repealed

Current through Register Vol. 63, No. 7, July 1, 2024
Stat. Auth.: ORS
				  670.310 &
				  673.220
Stats. Implemented: ORS
				  673.220
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0130 - Reinstatement Requirements: Lapsed, Suspended, Retired or Inactive to Active Status

Current through Register Vol. 63, No. 7, July 1, 2024
(1) CPE Requirements applicable to all
			 reinstatements.
(a) CPE taken for
			 reinstatement purposes must comply with the CPE requirements in Division 40 of
			 the Board's CPE rules, including but not limited to contributing to the
			 licensee's professional competence and relevancy to their practice as required
			 by OAR 801-040-0030(1).
(b) Upon reinstatement, licensee shall
			 complete CPE requirements described in these rules on a pro rata monthly basis,
			 including the month of reinstatement, until the end of the renewal period in
			 which reinstatement occurs.
(c) CPE
			 hours used for reinstatement may not be claimed on a future renewal application
			 in this jurisdiction.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0140 - Restoration of an Expired Permit

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
A permit
			 that is not renewed for six years after the close of the permit period
			 expires
pursuant to ORS
			 673.150(5)(c).
			 The Board may restore an expired permit upon determination of just cause
			 pursuant to ORS 673.150(5)(d).
			 The determination of just cause is in the discretion of the Board.
(2) The Board may determine that an expired
			 permit can be restored for just cause when a person with an expired permit
			 submits the following:
(a) A completed
			 application to request to restore an expired permit on a form provided for by
			 the Board;
(b) A fee in the amount
			 of $990;
(c) Complete and report 80
			 CPE hours which must be completed within the 12 month period immediately
			 preceding the date the application for a restored permit is received at the
			 Board office and is subject to the following:
(i) Credit for programs in non-technical
			 subjects is limited to 16 CPE hours;
(ii) Complete and report four CPE hours in
			 ethics; and
(iii) Submit proof of
			 completion certificates for each CPE course submitted; and
(iv) CPE hours used for restoration of an
			 expired permit cannot be claimed on a renewal application.
(d) Proof of passing a Board approved ethics
			 exam with a score of 90 percent or higher; and
(e) Proof of completion of one year of
			 supervised public accountancy experience within 3 years immediately preceding
			 the date the application for a restored permit is received at the Board office.
			 The one year of experience must comply with the experience requirements as
			 provided for in OAR 801-010-0065(2)
			 - (4).
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0170 - Publication of Disciplinary Action

Current through Register Vol. 63, No. 7, July 1, 2024
The Board in its discretion will publicize disciplinary action
				taken under ORS 673.170 in such manner and for
				such period as it may direct.
Stat. Auth.: ORS
				  670.310 &
				  673.410
Stats. Implemented: ORS
				  673.170
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0340 - Non-CPA and Non-PA Ownership of Business Organizations

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Requirements of non-CPA or non-PA
			 ownership
. The ownership of a business organization, defined in ORS
			 673.010 and registered as a firm
			 under ORS 673.160 and OAR
			 801-010-0345, that is lawfully
			 engaged in the practice of public accountancy in this state may include owners
			 who are not licensed as certified public accountants or public accountants if
			 the following conditions are met:
(a)
			 Licensed certified public accountants and public accountants shall, in the
			 aggregate, directly or beneficially, hold ownership of more than half of the
			 equity capital and a majority of voting rights;
(b) If the business organization has its
			 principal place of business in this state and performs public accountancy
			 services in this state, licensees under the provisions of ORS
			 673.150 or
			 673.100 shall, in the aggregate,
			 directly or beneficially, hold ownership of more than half of the equity
			 capital and a majority of voting rights;
(c) The business organization shall designate
			 in writing a license holder under ORS
			 673.150 who shall be responsible
			 for the management and registration of the business organization in this
			 state;
(d) A license holder under
			 ORS 673.150 shall have ultimate
			 responsibility for each financial statement, review and/or attestation service
			 engagement performed in this state;
(e) Non-licensee owners shall be material
			 participants in the business of the firm or an entity affiliated with the
			 firm;
(f) Non-licensee owners may
			 be natural persons or legal entities provided that each ultimate beneficial
			 owner of an equity interest in such entity shall be a natural person who
			 materially participates in the business conducted by the firm.
(g) Non-licensee owners must not hold
			 themselves out as certified public accountants or public accountants and must
			 not have a license in Oregon or any other jurisdiction that has been suspended
			 or revoked for disciplinary reasons.
(h) Inactive, lapsed, suspended, and retired
			 licensees may not hold an ownership interest in a registered CPA or PA
			 firm.
(i) Business organizations
			 with non-CPA or non-PA ownership that are registered under OAR
			 801-010-0345 must comply with
			 the requirements for peer review as provided in ORS
			 673.455 if such business
			 organization performs attestation services or compilation services.
(j) For purposes of this rule, "material
			 participation" means an activity that is regular, continuous and
			 substantial.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 10 - FEES, APPLICATIONS, REQUIREMENTS, PROCEDURES, AND P.C.'S › Section 801-010-0345 - Registration of Business Organizations

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Requirement to register as a
			 firm
. A business organization organized for the practice of public
			 accountancy that is located in Oregon or serving Oregon clients, must register
			 with the Board as a firm if the business organization:
(a) Uses the terms "certified public
			 accountant," "CPA," "public accountant" or "PA," or any derivation of such
			 terms;
(b) Holds out to clients or
			 to the public that the business organization is in any way engaged in the
			 practice of public accountancy;
(c)
			 Holds out to clients or the public that it is comprised of more than one
			 licensee; or
(d) Is located in
			 Oregon and performs attestation, or compilation services, as defined by these
			 rules.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 20 - MUNICIPAL AUDITS › Section 801-020-0620 - Bidding and Contracting for Municipal Audits

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Municipal Roster. The Oregon Board of
			 Accountancy is authorized by ORS
			 297.670 to prepare and maintain
			 the Municipal Roster of licensees who are authorized to conduct municipal
			 audits required by ORS
			 297.425.
(2) Requirement for firm registration.
			 Municipal audits required by ORS
			 297.425 may only be conducted
			 through a Firm registered under the provisions of ORS
			 673.160.
(3) Licensees authorized to bid and contract
			 for municipal audits. The following licensees who are admitted to the Municipal
			 Roster may bid and contract for municipal audits in accordance with ORS
			 297.465:
(a) A licensed CPA who is a sole proprietor
			 and registered under ORS
			 673.160;
(b) A licensed PA under ORS
			 673.100 who passed the audit
			 section of the CPA Exam as a requirement for licensing and who is registered
			 under ORS 673.160;
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 20 - MUNICIPAL AUDITS › Section 801-020-0690 - Qualifications for Admission to Municipal Roster

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Eligibility
. The following
			 licensees are eligible to apply for admission to the municipal roster:
(a) Individuals holding an active CPA permit
			 issued under ORS 673.150;
(b) Individuals holding an active PA license
			 issued under ORS 673.100 prior to January 1,
			 2002;
(c) Individuals holding an
			 active PA license issued under ORS
			 673.100 who were licensed after
			 January 1, 2002 and who passed the audit section of the CPA Exam as a
			 requirement of licensing; or
(d)
			 Individuals with an active CPA license issued by another jurisdiction that is
			 recognized by the Board and who have authority to practice public accountancy
			 in Oregon under ORS 673.153.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 20 - MUNICIPAL AUDITS › Section 801-020-0700 - Qualifications for Continuance on Roster

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Renewal. The renewal of authorization to
			 conduct municipal audits is accomplished with the licensee's biennial renewal.
			 Licensees who wish to renew authorization to conduct municipal audits must
			 include the following information with the biennial renewal application:
(a) A statement that the licensee wishes to
			 renew authority to conduct municipal audits;
(b) Payment of the municipal auditor renewal
			 fee described in OAR 801-010-0010; and
(c) A report of the correct number of CPE
			 hours required for municipal auditors.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 20 - MUNICIPAL AUDITS › Section 801-020-0720 - Removal, Suspension and Reinstatement to the Municipal Roster

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Removal
. Licensees may be removed from the municipal roster for
			 the following reasons:
(a) Failure to pay the
			 biennial fee required by OAR
			 801-020-0700;
(b) Failure to complete the required CPE
			 described in OAR 801-020-0700; or
(c) Failure to maintain an active CPA/PA
			 permit in good standing as required by OAR
			 801-020-0690.
(d) Licensees whose CPA/PA permits lapse as
			 described in OAR 801-010-0130, or who fail to
			 renew the authorization to conduct municipal audits as described in OAR
			 801-020-0720 shall be removed
			 from the municipal roster.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0005 - Professional Conduct

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Independence.
The Board adopts the Independence Rule established
			 by the AICPA. The AICPA Interpretations and Ethics Rulings on Independence are
			 adopted as non-exclusive guidance to licensees, prospective licensees, the
			 Board and members of the public. Licensees who perform services that are
			 subject to independence standards promulgated by other regulatory or
			 professional standard setting bodies, agencies and organizations, including but
			 not limited to the Securities and Exchange Commission, the General Accounting
			 Office and the US Department of Labor, or other similarly recognized
			 international bodies must also comply with those standards applicable to the
			 services provided.
(2)
Integrity and objectivity
.
(a) In
			 all aspects of public accounting and the practice of public accountancy, a
			 licensee shall maintain objectivity and integrity, shall be free of conflicts
			 of interest, and shall not knowingly misrepresent facts or subordinate the
			 licensee's judgment to the judgment of others.
(b) In tax practice, however, a licensee may
			 resolve doubt in favor of the client as long as there is reasonable support for
			 the client's position.
(c) When
			 accepting new employment or a new engagement, a licensee shall not use
			 confidential client information in a manner that is adverse to a former client.
			 Confidential client information is any information communicated to or obtained
			 by the licensee from a client or employer that relates to services rendered by
			 the licensee to the client or employer.
(d) The Board adopts the Integrity and
			 Objectivity Rules established by the AICPA. The AICPA Interpretations and
			 definitions are adopted as a non-exclusive list to provide guidance to
			 licensees, prospective licensees, the Board, and members of the
			 public.
(e) When a licensee
			 represents two clients at the same time and becomes reasonably aware of divorce
			 proceedings, the licensee must obtain a signed conflict of interest waiver from
			 both clients.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0010 - General and Technical Standards

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
General Standards
. Licensees
			 shall comply with the following general standards.
(a)
Professional Competence.
Licensees shall undertake only those professional services that the licensee or
			 the licensee's firm can reasonably expect to be completed with professional
			 competence.
(b)
Due
			 Professional Care
. Licensees shall exercise due professional care in the
			 performance of professional services.
(c)
Planning and Supervision.
Licensees shall plan and supervise the performance of professional services.
(d)
Sufficient Relevant
			 Data
. Licensees shall obtain sufficient relevant data to afford a
			 reasonable basis for conclusions or recommendations in relation to any
			 professional services performed.
(e) The Board adopts the General Standards
			 and the compliance with the General Standards sections of the AICPA Code of
			 Professional Conduct. The AICPA interpretations and definitions of these
			 sections are adopted as non-exclusive guidance to licensees, prospective
			 licensees, the board, and members of the public.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0015 - Confidential Client Information

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Confidential client information
. A licensee will not disclose any
			 confidential client information unless the licensee has obtained the written
			 consent of the client, or others legally authorized to give such consent on
			 behalf of the client.
(a)
Permitted
			 disclosures
. Subsection (1) of this rule will not apply when:
(A) When disclosure is required by the
			 standards of the public accountancy profession;
(B) When disclosure is required by a court
			 order;
(C) In response to subpoenas
			 enforceable by order of any court or agency;
(D) Disclosure is in response to an
			 investigation by the Board or other regulatory agency;
(E) Disclosure is in response to peer review;
			 or
(F) Disclosure is in response to
			 an insurance carrier of a licensee in connection with a claim.
(G) Except as provided for in OAR
			 801-030-0040.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0020 - Other Responsibilities and Practices

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Professional misconduct
.
(a) A licensee shall not commit any act or
			 engage in any conduct that reflects adversely on the licensee's fitness to
			 practice public accountancy.
(b)
			 Professional misconduct may be established by reference to acts or conduct that
			 would cause a reasonable person to have substantial doubts about the
			 individual's honesty, fairness and respect for the rights of others or for the
			 laws of the state and the Nation. The acts or conduct in question must be
			 rationally connected to the person's fitness to practice public
			 accountancy.
(c) A licensee shall
			 not act in a way that would cause the licensee to be disciplined for violation
			 of laws or rules on ethics by a federal or state agency or by any jurisdiction
			 for the practice of public accountancy.
(d) Professional Misconduct may be
			 established by violation of a disciplinary order by a federal or state agency
			 or by any jurisdiction for the practice of public accountancy.
(e) Professional Misconduct may be
			 established by failure to comply with any settlement agreement issued by the
			 Board.
(f) A licensee shall not
			 engage in acts of gross negligence including, but not limited to:
(A) Failure to disclose a known material fact
			 which is not disclosed in the financial statements, but disclosure of which is
			 necessary to make the financial statements complete or not misleading,
			 or
(B) Failure to report any known
			 material misstatement which appears in the financial
			 statements.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0030 - Records

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Records.
A licensee will furnish to a client or former client
			 within 60 days of the request, regardless of unpaid fees, upon request made by
			 the client or former client within seven years after the issuance of the
			 document:
(a) Copy of a tax return;
(b) Copy of any report or other document
			 issued by the licensee to or for such client;
(c) Any accounting or other records belonging
			 to, or obtained from or on behalf of the client which the licensee removed from
			 the client's premises or received for the client's account; and
(d) Copy of the licensee's working papers, to
			 the extent that such working papers include records that would be part of the
			 client's books and records and are not otherwise available to the
			 client.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 30 - CODE OF PROFESSIONAL CONDUCT › Section 801-030-0040 - Notification to Clients

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
(a) Licensees transferring to a new Firm,
			 leaving the practice of public accountancy, or selling their practice must
			 notify clients within 60-days of transition by providing:
(A) The name and location of where the client
			 may retrieve their records;
(B) The
			 location and name of the new firm; or
(C) The name and location of the licensee who
			 is in possession of the records.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0010 - Basic Requirements

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Biennial CPE requirement for Active licensees.
Each biennial
			 renewal period, certified public accountants and public accountants must report
			 satisfactory evidence of having completed 80 hours of continuing professional
			 education (CPE) unless such requirement is waived by the Board under ORS
			 673.165 and OAR
			 801-040-0150. The 80-hour CPE
			 requirement must be completed as follows:
(a)
			 At least 20 of the required 80 CPE hours must be completed in each year of the
			 renewal period. Hours carried forward from the previous reporting period
			 (carry-forward hours) may not be used to meet the minimum annual
			 requirement.
(b) CPE hours must be
			 completed during the two-year period immediately preceding the renewal date,
			 except for carry-forward hours described in subsection (c) of this
			 rule.
(c) A maximum of 20 CPE hours
			 may be carried forward from one reporting period to the next and may be used in
			 partial fulfillment of the 80 hour requirement.
(d) A minimum of four hours of ethics CPE
			 must be included in the 80 hour CPE requirement.
(e) CPE hours used for reinstatement may not
			 be claimed on renewal application.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0020 - Controls and Reporting

Current through Register Vol. 63, No. 7, July 1, 2024
Reporting requirement
. As a requirement for
				renewal of an active license, licensees are required to certify that the
				licensee has fulfilled the CPE requirement by signing or electronically
				affirming the certification section on the renewal form. Licensees are required
				to report the following information for each CPE program listed on the renewal
				form:
(1)
CPE programs
.
(a) Name of program sponsor;
(b) Program title;
(c) Type of CPE program, using designations
			 provided on renewal form;
(d) For
			 self-study programs, the program sponsor's Registry number;
(e) Date(s) attended or date of completion;
			 and
(f) Number of hours
			 claimed.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0030 - Programs that Qualify for CPE Credit

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Qualifying programs
. In
			 order to qualify for CPE credit under these rules, a CPE program must be a
			 formal program of learning that contributes directly to the professional
			 competence of the licensee. It is the obligation of each licensee to select a
			 course of study that contributes to the licensee's professional competence in
			 public accountancy. The licensee may take programs in a variety of topics that
			 are relevant to their practice.
(2)
Program requirements
. CPE programs must meet the following
			 requirements to qualify for CPE credit:
(a)
			 An outline of the program is prepared in advance and preserved;
(b) A record of attendance is maintained by
			 the sponsor for a period of five (5) years and evidence of completion is
			 provided to participating licensees; and
(c) The program is conducted by a qualified
			 instructor whose background, training, education or experience qualifies the
			 person to teach or lead a discussion on the subject matter of the particular
			 program.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0040 - Acceptable Subject Matter

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Examples listed not all-inclusive
. The subjects listed in this
			 rule serve as examples only, and are not all inclusive of technical and
			 non-technical subjects that may qualify for CPE credit.
(2)
Technical subjects.
Qualified continuing education programs in the following subjects are eligible
			 for CPE credit as technical subjects:
(a)
			 Accounting
(b) Auditing and
			 assurance
(c) Consulting
(d) Specialized knowledge and
			 applications
(e) Management
			 Advisory Services
(f) Taxation
(g) Professional ethics
(h) Regulatory ethics
(i) Finance
(j) Business Law
(k) Economics
(l) Information Technology & Accounting
			 Applications
(m)
			 Statistics
(n) Data Analytics
(o) Other subjects may be
			 acceptable if they maintain or improve the licensee's professional competence.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0050 - Credit Allowed and Evidence of Completion

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
Credit hours
. Eligible CPE
			 credit is measured by program length with one 50 minute period equal to one CPE
			 credit. CPE credits can be awarded in one-fifth increments or in one-half
			 increments (0.5, 1.0, x.2, x.4, x.5, x.6, x.8, etc.). Licensees may not report
			 duplicate courses taken in the same reporting period unless there is proof that
			 the course was substantially modified.
(2)
Evidence of completion
.
			 Licensees are required to document all CPE programs claimed for CPE credit and
			 to provide the appropriate proof of completion for the number of qualifying CPE
			 credits claimed for each program. Licensees must retain proof of completion for
			 each CPE program reported for a period of 5 years after completion of the
			 program.
(3)
Group study
			 programs
.
(a) CPE credit is allowed
			 for actual class hours attended.
(b) Evidence of completion includes a written
			 course outline and certificate of completion or attendance record provided by
			 each program sponsor. The evidence of completion must include the sponsor name,
			 course title, date of attendance or date of completion, name of participating
			 licensee, statement that the sponsor is included on NASBA's National Registry
			 and providing the registry number, if appropriate, and the number of CPE hours
			 earned;
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0070 - CPE Audit

Current through Register Vol. 63, No. 7, July 1, 2024
(1) The Board may
			 audit CPE reports submitted by licensees. When a licensee is selected for audit
			 of CPE hours, licensees are required to submit, using the NASBA CPE audit
			 service, the following:
(a) All appropriate
			 documentation that confirms attendance of all CPE programs and the number of
			 eligible CPE hours; and
(b) Any
			 additional information required.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0080 - Repealed

Current through Register Vol. 63, No. 7, July 1, 2024
Stat. Auth.: ORS
				  670.310,
				  673.040,
				  673.050 & OL 1999, Ch.
				  322
Stats. Implemented: ORS
				  673.165
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0090 - Repealed

Current through Register Vol. 63, No. 7, July 1, 2024
Stat. Auth.: ORS
				  670.310,
				  673.040,
				  673.050 &
				  673.410
Stats. Implemented: ORS
				  673.165 &
				  673.210
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0095 - Reinstatement Requirements: Inactive to Active Status

Current through Register Vol. 63, No. 7, July 1, 2024
The provisions of this rule are removed from this section and
				included in OAR 801-040-0090 to minimize
				duplication.
Stat. Auth.: ORS
				  670.310
Stats. Implemented: ORS
				  673.165
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0100 - New Licenses/Reinstated Licenses

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
CPE Requirement
(a) Licensees who receive an initial license
			 to practice public accountancy shall comply with the CPE requirements from the
			 date of issuance of the license on a prorated basis calculated at 3 CPE hours
			 per month, including the month of issuance, until the end of the renewal period
			 in which the license is issued.
(b)
			 The 20 hour annual CPE requirement shall also be prorated at two (2) CPE hours
			 per month, including the month of issuance, until the end of the renewal period
			 in which the license is issued.
(c)
			 CPE hours earned during any month of the two-year renewal cycle during which
			 the initial license was issued shall be eligible to meet the initial CPE
			 requirement.
(d) The maximum credit
			 allowed for non-technical CPE hours is no more than 20% of the prorated CPE
			 hours due.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0150 - Waivers

Current through Register Vol. 63, No. 7, July 1, 2024
(1) CPE waivers.
			 The Board, in its discretion, may waive CPE requirements for:
(a) Reasons of health, certified by a medical
			 doctor, that prevent the licensee from complying with CPE requirements;
(b) A licensee who is on extended
			 active military duty, who does not practice public accountancy during the
			 renewal period, and who provides a copy of orders to active military duty; and
(c) Other good cause, to be
			 determined by the Board on a case-by-case basis.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 40 - CONTINUING PROFESSIONAL EDUCATION › Section 801-040-0160 - Failure to Comply

Current through Register Vol. 63, No. 7, July 1, 2024
(1)
CPE Penalty
(a)
Active
			 Licensees.
Licensees who submit an application for renewal of an active
			 license and who do not comply with the CPE requirements described in OAR
			 801-040-0010 are required to
			 complete and report an additional 16 hours of qualifying CPE.
(b)
Inactive licensees.
Licensees who submit an application for renewal of an inactive license and who
			 do not comply with the CPE requirements described in OAR
			 801-040-0010 are required to
			 complete and report an additional 8 hours of qualifying
			 CPE.
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 50 - PEER REVIEW › Section 801-050-0005 - Purpose

Current through Register Vol. 63, No. 7, July 1, 2024
(1) The purpose of
			 peer review is to monitor firm compliance with applicable accounting and
			 auditing standards promulgated by generally recognized standard setting
			 bodies.
(2) The Peer Review
			 requirement established by the Board shall emphasize education and appropriate
			 remedial procedures. In the event a firm does not comply with professional
			 standards, or the firm's work is so inadequate as to warrant disciplinary
			 action, the Board shall take appropriate action to protect the public
			 interest.
(3) The Board shall
			 appoint a Peer Review Oversight Committee (PROC), and such other committees as
			 the Board, in its discretion deems necessary, to provide oversight of the
			 administration of approved peer review programs in order to provide reasonable
			 assurance that peer reviews are being conducted and reported on in accordance
			 with the minimum standards for performing and reporting on peer reviews
			 described in these rules.
(4) This
			 chapter shall not require any firm or licensee to become a member of any
			 organization sponsoring a peer review program.
Stat. Auth.: ORS
				  673.455 & OL 2001, Ch. 638,
				  Sec. 12
Stats. Implemented: ORS
				  673.455
Oregon Administrative Rules › Chapter 801 - OREGON BOARD OF ACCOUNTANCY › Division 50 - PEER REVIEW › Section 801-050-0010 - Definitions

Current through Register Vol. 63, No. 7, July 1, 2024
As used in OAR 801-050 the following terms have the following
				meanings:
(1)
Acceptance of
			 Engagement
: The date the engagement letter is signed by the client.
(2)
Peer Review
			 Board
: The Peer Review Board is responsible for maintaining, promoting
			 and governing the activities of the American Institute of Certified Public
			 Accountants Peer Review Program, including the issuance of Peer Review
			 Standards, and peer review guidance.
(3)
Board
: Oregon Board of
			 Accountancy.
(4)
Client
			 records
: Supporting documents relating to financial statements that are
			 the subject of peer review and that may contain confidential financial or
			 personal information about a client of the firm.
(5)
Firm
: A registered public
			 accounting firm or a CPA or PA doing business as a sole proprietor, if such
			 firm or sole proprietor performs attest or compilation services in Oregon or
			 for Oregon clients and is subject to the peer review requirement.
(6)
Minimum standards for performing
			 and reporting on peer reviews
: Standards described in OAR
			 801-050-0080 that are required
			 for approved peer review programs.
(7)
PCAOB
: Public Company
			 Accounting Oversight Board that conducts firm inspections of public accounting
			 firms that perform audits for publicly-held companies.
(8)
Peer Review
: A study,
			 appraisal or review conducted in accordance with Peer Review Standards of one
			 or more aspects of the public accountancy work of a firm or a license holder
			 under ORS 673.150 who performs attest or
			 compilation services.
(a)
Systems
			 Review
: Required of firms that perform engagements under the auditing
			 and examination attest professional standards. It is a professional service
			 intended to provide the reviewer with a reasonable basis for expressing an
			 opinion on whether, during the year under review:
(A) The reviewed firm's system of quality
			 control for its accounting and auditing practice has been designed in
			 accordance with quality control standards established by the American Institute
			 of Certified Public Accountants.
(B) The reviewed firm's quality control
			 policies and procedures were being complied with to provide the firm with
			 reasonable assurance of performing and reporting in conformity with applicable
			 professional standards in all material respects.