61H1-22.001: Competence (General Standards)
PURPOSE AND EFFECT: The Board proposes the rule amendment in order to clarify language concerning the certified public accountant.
SUBJECT AREA TO BE ADDRESSED: Competence (General Standards).
SPECIFIC AUTHORITY: 473.304, 473.315 FS.
LAW IMPLEMENTED: 473.315 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Veloria Kelly, Division Director, Board of Accountancy, 240 N.W. 76th Dr., Suite A, Gainesville, Florida 32607
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS:
61H1-22.001 Competence (General Standards).
A certified public accountant licensee shall comply with the following general standards and must justify any departures therefrom:
(1) Professional competence. A certified public accountant licensee shall undertake only those engagements which he or his firm can reasonably expect to complete with professional competence. A certified public accountant CPA must be in charge of all public accounting services performed by the firm.
(2) Due professional care. A certified public accountant licensee shall exercise due professional care in the performance of an engagement.
(3) Planning and supervision. A certified public accountant licensee shall adequately plan and supervise an engagement.
(4) Sufficient relevant data. A certified public accountant licensee shall obtain sufficient relevant data to afford a reasonable basis for conclusions or recommendations in relation to an engagement.
Rulemaking Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. History–New 12-4-79, Amended 2-3-81, Formerly 21A-22.01, 21A-22.001, Amended 12-30-97,_________.