S.D. Admin. R. 20:75:01:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:75:01:01 - Definitions

Terms used in this article mean:

(1) "Accounting services," accounting, attest, tax, or management advisory services, and academia;

(2) "AICPA," the American Institute of Certified Public Accountants;

(3) "Attest," as defined in SDCL 36-20B-2;

(4) "Board," as defined in SDCL 36-20B-1;

(5) "Certificate," as defined in SDCL 36-20B-1;

(6) "Financial statements," statements, footnotes, and other supplementary information related thereto that undertake to present an actual or anticipated financial position as of a point in time, or results of operations, cash flow, or changes in financial position for a period of time, in conformity with generally accepted accounting principles or another comprehensive basis of accounting. The term does not include incidental financial data included in management advisory service reports to support recommendations to a client; nor does it include tax returns and supporting schedules;

(7) "License," as defined in SDCL 36-20B-1;

(8) "Member," as defined in SDCL 36-20B-1;

(9) "NASBA," the National Association of State Boards of Accountancy;

(10) "Permit," as defined in SDCL 36-20B-1;

(11) "Partnership" or "corporation," any form of business organization authorized under the laws of this or any other state;

(12) "Practice of public accountancy," providing or offering to provide attest services to the public, or using the titles certified public accountant, public accountant, CPA, or PA;

(13) "Public accountant," as defined in SDCL 36-20B-1;

(14) "Registration," a public accountant's license to practice as defined in SDCL 36-20B-38;

(15) "Report," as defined in SDCL 36-20B-3;

(16) "Resident manager," a licensee designated by a firm to be responsible for an office location's compliance with SDCL chapter 36-20 B and this article.

S.D. Admin. R. 20:75:01:01

29 SDR 16, effective 8/14/2002; 30 SDR 119, effective 2/9/2004; 35 SDR 305, effective 7/1/2009.

General Authority: SDCL 36-20B-12.

Law Implemented: SDCL 36-20B-12.