2006 Code of Virginia § 54.1-4402 - Board of Accountancy; membership; qualifications; powers and duties

54.1-4402. Board of Accountancy; membership; qualifications; powers andduties.

A. The Board of Accountancy established under the former 54.1-2000 andpreviously operating in the Department of Professional and OccupationalRegulation is hereby continued and reestablished as an independent board inthe executive branch of state government.

The Board shall consist of seven members appointed by the Governor asfollows: one public member who may be an accountant who does not hold a CPAcertificate but otherwise meets the requirements of clauses (i) and (ii) of 54.1-107; one educator in the field of accounting; and five certified publicaccountants as follows: (a) four of whom have been actively engaged in thepractice of public accounting for at least three years prior to appointmentto the Board and (b) one of whom may be a certified public accountant notengaged in the practice of public accounting at the time of his appointmentbut who has at least three years of experience in the accounting field priorto appointment.

Members of the Board shall serve for terms of four years. The Governor mayremove any member as provided in subsection B of 2.2-108. Any certifiedpublic accountant member of the Board whose CPA certificate is revoked orsuspended shall automatically cease to be a member of the Board.

B. The Board shall certify and issue CPA certificates to persons to practicepublic accountancy and restrict the practice of public accountancy to thosepersons who are so certified, who may use the CPA title, and shall take suchactions as may be authorized by this chapter to ensure their continuedcompetence and to aid the public in determining the qualifications of suchpersons.

The Board shall issue permits to firms to engage in the practice of publicaccountancy in the Commonwealth as set forth in 54.1-4412 or to use the CPAtitle and take such actions as may be authorized by this chapter to ensurethat such firms and their certified public accountants adhere to standards ofconduct and practice.

C. The Board shall have the responsibility of enforcing this chapter and mayby regulation establish rules and procedures for the implementation of theprovisions of this chapter.

(2001, c. 832; 2003, c. 291; 2004, c. 602.)