When
is it necessary for a business organization of Certified Public
Accountants or Public Accountants to register with the Oregon Board of
Accountancy?
EXPLANATION:
"Business organization" includes any form of business organization
authorized by law, including a proprietorship, partnership, corporation,
professional corporation, limited liability company and limited
liability partnership. The requirements to register as a business
organization in the practice of public accountancy in Oregon are
described in ORS 673.160 and OAR 801-010-0345.
Business
organizations of certified public accountants and public accountants
are required to register with the Board of Accountancy if they meet any
of the following criteria:
- Use of the terms "certified public accountant" or "public accountant" or any abbreviation for such terms;
- Holding out to the public as being engaged in the practice of public accounting in Oregon
- Holds out to clients or the public that it is comprised of more than one licensee; or
- Performing attestation or compilation services.
A
licensee performing public accounting services as a sole proprietor is
required to register with the Board of Accountancy as a public
accounting firm if the business organization engages in any attestation
or compilation work.
If you determine that the business
organization or public accounting practice is required to be registered
with the Board, complete and return the firm registration form with the
registration fee of $265, which is payable by check,
MasterCard or Visa. Include a copy of the current registration, if any,
that is required to be filed with the Corporation Division of the Office
of the Secretary of State, including assumed business name
registration, if applicable.
Firm registrations expire on December 31 of each odd-numbered year.
Holding out to the public as a public accounting firm without a valid registration is a violation of ORS 673.160 and OAR 801-010-0345.