2005 Vermont Code - § 15. — Exemptions

§ 15. Exemptions

(a) Nothing in this chapter prohibits an individual person from serving as an employee of, or an assistant to, a public accountant or a firm composed of public accountants. However, an employee or assistant who is not licensed or registered under this chapter shall not practice public accounting in his or her own name.

(b) A public accountant of another state, or any accountant who is qualified for the practice of public accounting in a foreign country may:

(1) use a title granted by that state or country, together with any suitable translation into English of that title, and, if a foreign country, the name of that country;

(2) temporarily practice public accounting after registering with the board under section 74a of this title;

(3) [Deleted.]

(c) Nothing in this chapter prohibits a federal, state or municipal officer or employee from performing the lawful functions and duties of any office or service required.

(d) Nothing in this chapter prohibits an officer, employee, partner or principal of any organization from:

(1) signing a statement or report in reference to the affairs of that organization, with wording designating the title held in the organization; or

(2) describing himself or herself by title.

(e) Nothing in this chapter prohibits a person from offering or rendering to the public bookkeeping and tax services, including devising and installing systems, recording and presenting financial information or data, preparing financial statements, schedules, reports, and exhibits, and similar services.

(f) Nothing in this chapter prohibits an individual person from using a title previously held as a public accountant licensed or certified in this or any other state, provided that the person's license or certificate was not revoked or suspended, and provided further that the person is not currently engaged in the practice of public accounting and does not use the title for the purpose of practicing public accounting.

(g) Nothing in this chapter shall be construed to prohibit other licensed or certified professionals from carrying on in the usual manner any of the functions of their professions. (Added 1975, No. 89, § 9; amended 1981, No. 161 (Adj. Sess.), § 2; 1991, No. 167 (Adj. Sess.), § 3; 2001, No. 129 (Adj. Sess.), § 6; eff. June 13, 2002.)