Ala. Admin. Code r. 30-X-8-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 30-X-8-.02 - Definitions

As used in this chapter, the following words or phrases have the ascribed meanings:

(a) FY or Fiscal Year. The fiscal year of the State of Alabama, which coincides with this Board's license period, ending September 30 of the denominated year.

(b) Permit. A permit to practice public accountancy issued to a registered public accountant or certified public accountant, or a permit to engage in the practice of public accountancy issued to a practice unit.

(c) Practice Unit. Any firm or entity legally constituted under the laws of the State of Alabama and duly registered with a current permit; and each person certified or registered as a public accountant and holding a current permit who is not a member or employee of any registered firm.

(d) Program. The peer review program.

(e) Peer Review Report. The report prepared by the Reviewer and submitted to the Practice Unit for Fiscal Year during which the review was completed, which report shall include the Reviewer's report, the Reviewer's letter of comment to the Practice Unit, and the Practice Unit's letter of response to the Reviewer.

(f) Reviewer. Any individual who meets standards of the Board and has been designated by the Board as approved to conduct reviews of Practice Units under the Program.

Author: Alabama Board of Public Accountancy

Ala. Admin. Code r. 30-X-8-.02

Filed June 24, 1987. Amended: Filed September 29, 1993; effective November 3, 1993. Amended: Filed May 18, 2004; effective June 22, 2004.

Statutory Authority:Code of Ala. 1975, §§ 34-1-3, 34-1-10.