Oregon Administrative Rules Chapter 801 - OREGON BOARD OF ACCOUNTANCY
Oregon Administrative Rules (OAR) Chapter 801 specifically pertains to the Oregon Board of Accountancy.
This chapter outlines the regulations governing the practice of public accountancy in Oregon. It covers a wide range of topics essential for licensees and firms, including:
Procedural Rules (Division 1): General administrative procedures for the Board.
Definitions (Division 5): Key terms and safe harbor language used throughout the rules.
Fees, Applications, Requirements, Procedures, and P.C.'s (Division 10): This is a substantial section covering details on:
Fees for various applications and renewals.
Qualifications for CPA and PA licensure (including examination and experience requirements).
Firm registration requirements for business organizations practicing public accountancy in Oregon, including firm names and renewal processes.
Reciprocity for out-of-state licensees.
Inactive status and restoration to active status.
Procedures for complaints and disciplinary actions.
Municipal Audits (Division 20): Regulations specific to municipal audits, including bidding, contracting, and qualifications for inclusion on the municipal roster.
Code of Professional Conduct (Division 30): Ethical standards and responsibilities for licensees, covering independence, integrity, objectivity, competence, responsibilities to clients, and other professional practices. This also includes rules on false or misleading statements and notification requirements for criminal or regulatory actions.
Continuing Professional Education (CPE) (Division 40): Requirements for ongoing professional education, including basic requirements, acceptable subject matter, credit hours, and reporting.
Peer Review (Division 50): Rules related to the peer review program for firms performing attest services.
In essence, OAR Chapter 801 is the comprehensive regulatory framework that the Oregon Board of Accountancy uses to govern, license, and oversee individuals and firms practicing public accountancy within the state of Oregon.
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