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Activity Review North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • ( 919) 733- 4222 • No. 12- 2004 Inside this issue... 2005 Board Calendar ........................ 7 Certificates Issued ............................. 6 Consent Judgment ............................. 2 Notice of Address Change ............... 8 Reclassifications ............................... 4 www. cpaboard. state. nc. us Although more than 50 percent of the CPAs licensed in North Carolina work in business, industry, government, and education, many of these individuals also provide or offer to provide account-ing services to the public that would require an individual to register as a CPA firm with the Board. Even though your accounting prac-tice may be part- time and you operate it out of your home, if you use the CPA title in or with your business name or if you offer to provide or provide attest ser-vices, you must register with the Board as a CPA firm pursuant to 21 NCAC 8N .0302. The Board considers audits, re-views of financial statements, examina- Are You Practicing Through an Unregistered Firm? tions of prospective financial statements, compilations of financial statements, agreed- upon procedures of prospective financial statements, examinations of written assertions, and agreed- upon procedures of written assertions to be attest services. An individual can register with the Board as an individual practitioner, partnership, professional corporation, professional limited liability company, or registered limited liability partner-ship. Information about registering your CPA firm with the Board, as well as the forms necessary for registering your firm with the Board, is available from the Board’s web site, www. cpaboard . state. nc. us. In addition to registering your firm with the Board, if you provide attest services you must enroll in the peer re-view program administered by the NCACPA or AICPA pursuant to 21 NCAC 8M . If you have questions regarding the registration of your CPA firm, please contact Jodi Nelson by telephone at ( 919) 733- 1423 or by e- mail at jodisnelson@ bellsouth. net or you may contact Buck Winslow by telephone at ( 919) 733- 1421 or by e- mail at buckwins@ bellsouth. net. Exam Issues, Part V The testing portion of the third win-dow of the Uniform CPA Exam is over and during the month of December, the Exam is in refresh mode. While the Exam is in refresh mode, candidates may apply to take sections of the Exam and, if they have received a Notice to Schedule, may schedule appointments for the next testing win-dow, however, candidates cannot sit for the Exam. To reduce the software- related problems you may have with the Exam, please review the following questions and answers: Do I need special computer training or skills to take the Exam? You are assumed to possess basic computer skills, including the use of a mouse and keyboard. In addition, you are expected to know how to use com-mon spreadsheet and word process-ing functions, including writing for-mulae for spreadsheets. It is important that you know that the word processor and spreadsheet applications in the Exam are not iden-tical to Wordtm or Exceltm. You must also have the ability to use a four- function calculator or a spreadsheet to perform standard Exam Issues continued on page 5 December Deadlines As a reminder, December 31, 2004, is the deadline for submitting 2005 CPA firm renewal and peer review compli-ance information to the Board. December 31, 2004, is also the deadline for licensees to complete the annual 40- hour CPE requirement. 2 Consent Judgment NORTH CAROLINA WAKE COUNTY IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION 04 CVS 8013 NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS PLAINTIFF v. BRUCE A. RAINS DEFENDANT CONSENT JUDGMENT IT APPEARING to the Court that the Defendant has been properly served with process in this action, that he has submitted to the jurisdiction of this Court; and it further appearing that the parties have consented to the signing and entry of this Judgment; the Court makes the following: FINDINGS OF FACT 1. Plaintiff, the North Carolina State Board of Certified Public Accountant Examiners (“ CPA Board”) an indepen-dent agency of the State of North Caro-lina, is organized under the provisions of Chapter 93 of the General Statutes of North Carolina and is charged with such duties and exercises such powers as are provided therein. 2. The Defendant, Bruce A. Rains, is a citizen and resident of New Hanover County, NC. 3. Chapter 93 of the North Carolina General Statutes creates the CPA Board in order to, among other things, regulate the use of the title “ Certified Public Ac-countant” in North Carolina. This ac-tion is brought under the provisions of G. S. § 93- 3, 93- 6, and 93- 12( 16). 4. G. S. § 93- 1( a)( 3) defines “ Certified Public Accountant” as a person who holds a certificate as a certified public accountant issued to him under the pro-visions of this Chapter. 5. Defendant does not now, nor has he ever held a license as a Certified Public Accountant in North Carolina. 6. Defendant was licensed as a Certified Public Accountant in Georgia prior to June 17, 1996. 7. On June 17, 1996, Defendant volun-tarily surrendered his CPA license with the Georgia State Board of Accountancy in order to dispose of disciplinary pro-ceedings pending regarding his licen-sure. 8. The current status of Defendant’s license in Georgia is revoked. 9. On February 3, 2000, Defendant signed a Cease and Desist Order with the CPA Board, wherein the Defendant agreed to immediately cease and desist the use of the designation “ CPA” and identify himself and his firm only as accountant and accounting firm. 10. The Cease and Desist Order specifi-cally referenced that Defendant had al-lowed his name to appear on letterhead, business cards, and business checks, which identified him as a “ CPA” when, in fact, neither he nor his firm were licensed as such. 11. On July 28, 2003, Defendant mailed a solicitation to Robert E. Thompson, Jr., of Wilmington, including a solicitation and résumé. 12. The solicitation included a flyer for Bruce A. Rains, MBA, CPA, stating that, “ We are a full service CPA firm.” 13. The solicitation also included a résumé for “ Bruce A. Rains, MBA, CPA.” 14. The résumé referenced in paragraph 13 above states that Defendant has ex-perience as “ owner and operator of a CPA firm since 1986 both in Atlanta, GA and Wilmington, NC.” 15. Defendant is listed as a registered agent for several North Carolina Corpo-rations. 16. In the filings with the Secretary of State Corporations division, Defendant is listed as follows: a. Do It All Construction, formed 2/ 1/ 2003 lists the registered agent as Bruce A. Rains, MBA, CPA; b. Trendora Capital Investments, Inc., formed 1/ 17/ 2003 lists the registered agent as Bruce A. Rains, MBA, CPA; c. The Old Goat’s Shop, Inc., formed 8/ 30/ 2002 lists the registered agent as Bruce A. Rains, MBA, CPA; d. Cook Hamilton Enterprises, Inc., formed 11/ 15/ 2001 lists the registered agent as Bruce A. Rains, MBA, CPA; e. Carolina Patio Rooms, Inc. formed 8/ 30/ 2001 lists the registered agent as Bruce A. Rains, CPA; f. Sherwood Consulting Group, Inc., formed 8/ 7/ 1998 lists the registered agent as Bruce A. Rains, MBA, CPA; g. Coral Investments, Inc. formed 10/ 22/ 1997 lists the registered agent as Bruce A. Rains, CPA; 17. At the time that each of the corpora-tions listed in paragraph 16 were formed, Defendant was not licensed as a CPA in either Georgia or North Carolina. 18. At the time that each of the corpora-tions listed in paragraph 16 were formed, Defendant was not licensed as a CPA anywhere in the United States. 19. Cook Hamilton Enterprises filed an annual report with the Secretary of State on August 29, 2003. 20. Defendant is listed on that annual report as Bruce A. Rains, MBA/ CPA. 21. Defendant signed the annual report filed in 2003 although he was not, in fact, a CPA. 22. Defendant is also the registered agent for Langley Plumbing, Inc. 23. Langley Plumbing, Inc. filed an annual report with the Secretary of State on July 7, 2003. 24. Defendant is listed as Bruce A. Rains, MBA, CPA on that annual report and Defendant signed his name beneath that title, although he was not, in fact, a CPA. 25. Defendant practiced business at 5529 Eastwood Service Lane, Wilmington, NC 28405. 26. The Defendant continued to use the CPA title by listing “ Bruce Rains, MBA, CPA” on the sign outside the office build-ing at 5529 Eastwood Service Lane. 27. The Defendant has continued to use the CPA title by advertising “ Bruce Rains, MBA, CPA” as a sponsor in the Cape Fear Christmas House news-letter of July 2002. 3 BASED UPON THE FOREGOING Find-ings of Facts, the Court makes the fol-lowing: CONCLUSIONS OF LAW 1. Chapter 93 of the North Carolina General Statues creates the Board to, among other things, safeguard life, health, and property, and to regulate the use of the title “ Certified Public Accoun-tant” in North Carolina. This action is brought under the provisions of G. S. § 93- 3, 93- 4, 93- 5, 93- 6, 93- 8 and 93- 12( 16). 2. This Court has jurisdiction and venue over the parties and this matter. 3. G. S. § 93- 3 prohibits the unautho-rized use of the title “ certified public accountant” by an individual as fol-lows: It shall be unlawful for any person who has not received a certificate of qualification admitting him to prac-tice as a certified public accountant to assume or use such a title, or to use any words, letters, abbrevia-tions, symbols or other means of identification to indicate that the person using same has been admit-ted to practice as a certified public accountant. 4. G. S. § 93- 4 prohibits the unautho-rized use of the title “ certified public accountant” by a firm as follows: It shall be unlawful for any firm, copartnership, or association to as-sume or use the title of certified pub-lic accountant, or to use any words, letters, abbreviations, symbols or other means of identification to in-dicate that the members of such firm, copartnership or association have been admitted to practice as certi-fied public accountants, unless each of the members of such firm, copart-nership or association first shall have received a certificate of quali-fication from the State Board of Cer-tified Public Accountant Examin-ers admitting him to practice as a certified public accountant…. 5. G. S. § 93- 5 prohibits the unautho-rized use of the title “ certified public accountant” by a corporation as fol-lows: It shall be unlawful for any corpora-tion to assume or use the title of certified public accountant, or to use any words, letters, abbrevia-tions, symbols or other means of identification to indicate that such corporation has received a certifi-cate of qualification from the State Board of Certified Public Accoun-tant Examiners admitting it to prac-tice as a certified public accountant. 6. G. S. § 93- 6 provides that it is unlawful for any person to engage in the public practice of accountancy in this State who is not a holder of a certificate as a certified public accountant issued by the CPA Board, unless such person uses the term “ accountant” and only the term accountant in connection with his name on all reports, letters of transmittal, or advice, and on all stationery and docu-ments used in connection with his ser-vices as an accountant, and refrains from the use in any manner of any other title or designation in such practice. 7. G. S. § 93- 8 provides that it is unlawful for any certified public accountant to engage in the public practice of accoun-tancy in this State through any corpo-rate form, except as provided in General Statutes Chapter 55B. 8. Pursuant to G. S. § 93- 12( 16), the CPA Board has the following powers and duties: To apply to the courts, in its own name, for injunctive relief to pre-vent violations of this Chapter or violations of any rules adopted pursuant to this Chapter. Any court may grant injunctive relief regard-less of whether criminal prosecu-tion or any other action is instituted as a result of the violation. A single violation is sufficient to invoke in-junctive relief under this subdivi-sion. IT IS THEREFORE ORDERED that the Defendant ought to be and they are hereby permanently enjoined from: 1. Using the term “ certified public ac-countant” or using any words, letters, abbreviations, symbols or other means of identification to indicate that he has been admitted to practice as a certified public accountant, until such time, if any, as the CPA Board may issue to Defendant a certificate under the provi-sions of Chapter 93 of the North Caro-lina General Statues. This order shall not prohibit the Defendant holding him-self out as an “ accountant” as that term is defined in G. S. § 93- 1( a)( 1) and from obtaining a privilege license as required by G. S. § 105- 41 to practice as an �� ac-countant” and only an “ accountant.” Consistent with this provision, Bruce A. Rains shall immediately: a. Destroy or erase any signs, papers, documents, audio or video tapes and any and all other tangible items by which he identifies himself as a Certified Pub-lic Accountant and or his firm as a CPA firm; b. Provide the Board with a complete list of the names, addresses and telephone numbers of all present and former cli-ents of the Defendant and Defendant’s firm. Defendant shall send a letter, ap-proved in advance by the CPA Board, to all such clients, informing them that the Defendant Bruce A. Rains is not licensed as a Certified Public Accountant, that Defendant’s firm is not a CPA firm and that neither he nor his firm is permitted to use the designation “ Certified Public Accountant” or “ CPA;” c. Provide proof to the Board that he notified all telephone companies which publish a directory listing Defendant and/ or his firm as a CPA or Certified Public Accountant to disconnect and discontinue, without rollover to a new telephone number, any telephone num-ber under which either Defendant or Defendant’s firm is listed as a CPA or Certified Public Accountant; d. Disconnect and discontinue any tele-phone, cellular telephone, facsimile number, e- mail address, or web site used by Defendant which identified Defen-dant as a CPA or Certified Public Ac-countant; e. Provide proof to the CPA Board that he gave written notice to the North Caro- Consent Judgment continued on page 4 4 lina Secretary of State that Bruce A. Rains is not a licensed Certified Public Ac-countant and that any references to, or listings of, him and/ or his firm as a CPA, Certified Public Accountant should be removed, with a copy of such notice provided to the CPA Board; f. Place a one- half ( ½ ) page notice in the Wilmington Star newspaper contain-ing notice of the unauthorized use of the CPA title with apology and provide a copy of the same to the CPA Board as published; and g. Concurrent with the execution of this Consent Judgment tender payment of $ 2,140.57 to the CPA Board for costs incurred in this action. 2. The Superior Court of Wake County, North Carolina shall retain jurisdiction for and limited to the purposes of enforc-ing this Consent Judgment, and the de-fendant shall therefore submit to the jurisdiction of this Court if future issues of compliance with this Consent Judg-ment arise. 3. Any violation of this Judgment shall be deemed contempt of court and shall be punishable by both the civil and crimi-nal contempt powers of this Court upon proper showing. 4. In the event that Defendant violates this Consent Judgment, then the CPA Board may avail itself to all remedies provided by law or equity. In the event of a motion to enforce this Consent Judg-ment, and the CPA Board being the pre-vailing party, the CPA Board shall be entitled to an award for court costs and attorney fees as awarded by the Court. Entered into this 21st day of October, 2004. Howard E. Manning Presiding Judge WE CONSENT: BRUCE A. RAINS NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS Consent Judgment continued from page 3 Reinstatement 11/ 22/ 04 Toni Dedmond Dean # 13817 11/ 22/ 04 Angela Addis Swartz # 19811 11/ 22/ 04 Tami Lynn Yoshimoto # 30632 Reissuance 11/ 22/ 04 James Bailey Jordan # 16877 11/ 22/ 04 Yukon Micheal Tomisato # 24188 Inactive “ Inactive,” when used to refer to the status of a person, describes one who has requested inactive status and been approved by the Board and who does not use the title “ certified public accountant” nor does he or she allow anyone to refer to him or her as a “ certified public accountant” and neither he or she nor anyone else refers to him or her in any representation as described in 21 NCAC 8A .0308( b) [ 21 NCAC 8A .0301( b)( 23)]. 09/ 27/ 04 William Byron Tatum Franklinton, NC 09/ 29/ 04 Frederick Watson Green Wilkesboro, NC 10/ 06/ 04 Thomas Coke Turner Charlotte, NC 10/ 07/ 04 David Brian Rea Clemmons, NC 10/ 11/ 04 Christy Petros Shea Charlotte, NC 10/ 18/ 04 Gail Patterson Kuczkowski Charlotte, NC 10/ 18/ 04 Kristin Michelle Melvin Lewisville, NC 10/ 21/ 04 Dale Martin Brown Lewisville, NC 10/ 25/ 04 Erin Elizabeth May Hartman Greensboro, NC 10/ 25/ 04 Marjo Hannele Tinsley Longmont, CO 10/ 27/ 04 Greg Robbins Winston- Salem, NC 11/ 02/ 04 Dale Kindley Miller Raleigh, NC 11/ 04/ 04 Elizabeth Stromire Germantown, TN 11/ 09/ 04 Bobby Cundiff Nance Winston- Salem, NC 11/ 09/ 04 Deanna Travis Moody Newton, NC 11/ 09/ 04 Kevin Carl Odiorne Marietta, GA 11/ 09/ 04 Sandra Stephens Russ New Bern, NC 11/ 10/ 04 Vincent Jay Livengood Matthews, NC 11/ 10/ 04 John Duane Lynch Charlotte, NC 11/ 15/ 04 Johnny Crider Lewisville, NC 11/ 15/ 04 Christine Maly Lane Spring, TX 11/ 22/ 04 Mark Anthony Joyner Holly Springs, NC 11/ 22/ 04 Jolie Michele Taylor Cary, NC Reclassifications Pursuant to 21 NCAC 8J .0107, all North Carolina CPAs and CPA firms must notify the Board, in writing, within 30 days of any change of ad-dress or business location. For your convenience, a “ Notice of Address Change” form is printed on the back cover of the Activity Review and is available on the Board’s web site, www. cpaboard. state. nc. us. Address changes may be mailed, faxed, or e- mailed to the Board. Please fax your address changes to the Board at ( 919) 733- 4209. Please e- mail your address changes to cpareceptionist@ bellsouth. net. Moved? Changed Jobs? 5 financial calculations by entering num-bers on the on- line calculator using the keyboard or the keypad with the NumLock feature turned on. Many of the question types used in the simulations portion of the Exam are based on familiar computer interface controls and features ( e. g. text entry, mouse clicks, highlighting, copy/ paste, and search). A tutorial to familiarize students and CPA candidates with the function-ality and types of questions and re-sponses used in Exam is available at no cost at www. cpa- exam. org. The tutorial does not cover actual Exam content and while the sample tests provide answers to the sample ques-tions, neither tool is a replacement for practice materials. All candidates are strongly encour-aged to review the Exam tutorial and sample tests at www. cpa- exam. org. The tutorial explains the design and operation of the Exam and reviews the types of questions and responses used in the Exam. Pay special attention to the software features that are unique to the Exam, especially in the Authoritative Litera-ture section: • History Button- use this to find the last page visited-- a “ Back” but-ton is not available. By clicking on History, candidates will be able to obtain a list of up to 20 last page visits, in reverse order. • Copy/ Paste - In the Authorita-tive Literature part of the exam, a candidate can highlight and copy/ paste only blocks of text, not sepa-rate lines or words, at a time. Only the copy/ paste icon in the Authori-tative Literature window will copy/ paste highlighted text. Do not use the icon in the main toolbar. In the tutorial, find specific copy and paste tips as follows: • For AUDIT simulation instruc-tions, refer to Review Letter Item Type; • For FAR simulation instruc-tions, refer to Accounting and Re-porting Item Type; • For REG simulation instruc-tions, refer to Tax Citation Item Type. • Search - you must scroll down to view all topics returned by a search; if you spell words incor-rectly, you will not receive any search results. • Calculator - you will be able to enter numbers on the on- line calcu-lator using the keyboard or the key-pad with the NumLock feature turned on. Be sure you understand how to move the calculator on the screen. Sample tests that contain a few sample multiple- choice questions and a sample simulation for each appli-cable section ( BEC currently does not contain simulations) are also available at www. cpa- exam. org. Answers are given at the end of each sample test. Neither the tutorial nor the sample tests are available at the test centers, so candidates should review them prior to taking the Exam. Do I need to know Exceltm or Wordtm or any other particular computer pro-grams? Basic computer skills, including the use of a mouse and keyboard, are re-quired. You are expected to know how to use common spreadsheet and word processing functions, including writ-ing formulae for spreadsheets and typ-ing short paragraphs. You must also have the ability to use a four- function calculator or a spreadsheet to perform standard finan-cial calculations. The simulations use both a word processor and a spreadsheet applica-tion, but not Exceltm or Wordtm specifi-cally. Review the Exam tutorial to un-derstand how to use the applications. During the Exam, can I complete the simulations first and then complete the multiple- choice questions? Each Exam section is organized into testlets ( either a group of multiple-choice questions or a simulation) and you will receive the multiple- choice test-lets first, one testlet at a time. You must complete the multiple-choice testlets in the order given before you get the simulations, which are also given one at a time. Can I go back and review questions or change my answers during the Exam? You may review and change any answers within each testlet. However, once you have exited a testlet or simula-tion, you will not be able to go back to retrieve, review, or change any of your answers to any of the questions. Do the multiple- choice questions fol-low the same order as the content speci-fication outlines? Although each Exam covers mate-rial from the content specification out-lines ( CSOs), the questions in each test-let are delivered randomly and do not follow the CSO order. This is a change from the paper- based Exam. When completing the research portion of the Regulation simulations, how do I enter the requested tax code section and subsection information? In the simulations, you are asked to research a technical tax question using the Internal Revenue Code. The Internal Revenue Code uses the following orga-nizational hierarchy: Section, Subsec-tion, Paragraph, Subparagraph, Clause, and Subclause. Example 1: 280A( d)( 3)( C)( ii)( II) = Section 280A, Subsection ( d), Paragraph ( 3), Subparagraph ( C), Clause ( ii), Sub-clause ( II) Example 2: 501( h)( 5)( B) = Section 501, Subsection ( h), Paragraph ( 5), Sub-paragraph ( B) Note that the Section level may con-tain all numbers or a combination of numbers and letter, whereas the Sub-section is always a letter. In the simulation, the required re-sponse is only looking for the correct Code Section and Subsection-- you are not expected to cite Paragraphs, Sub-paragraphs, etc. Accordingly, the first response area will accept a combination of numbers and letter, but the second response area will accept only a letter. How does the copy/ paste function work? The constraints of an examination environment require that copy/ paste options be somewhat limited so as to Exam Issues continued from front Exam Issues continued on page 6 ensure scoring accuracy and because these functions were designed specifi-cally to meet the Exam requirements, they are not identical to similar features in commercial software. In the simulation portion of the Exam, copy/ paste works as follows: AUDIT Simulations - • The Audit Report section re-quires that appropriate paragraphs from the Standards ( Code) be cop-ied and pasted into the response box. • Only the “ copy” button within the Authoritative Literature browser window may be used to copy. ( Other means of copying are disabled.) To paste, click on the gray bar ( response area) and select “ paste” from the drop- down menu. • Only one paragraph at a time may be copied and pasted. • The “ arrow” symbols next to the response box must be used to maneuver or reorder pasted para-graphs; the “ X” symbols to delete paragraphs. • It is not possible to type text into the response box. • The space provided for the auditor’s report is sufficient to ac-commodate the response. ( Unan-ticipated responses may exceed available space, causing final para-graphs to be inaccessible to view.) • Selected paragraphs should not be modified. FAR Simulations - • The Research section requires that appropriate citations be cop-ied and pasted into the designated space. Only the “ copy” button within the Authoritative Literature browser window may be used to copy. ( Other means of copying are disabled.) To paste, click on the gray bar ( response area) and select “ paste” from the drop- down menu. • The response must consist of one citation in its entirety. • The selected citation should not be modified. • Pasted text may not be reor-dered or deleted but new text may be copied over the old as replacement. • It is not possible to type text into the response box. REG Simulations - • The Tax Citation section re-quires that the appropriate IRS Code section and subsection be identi-fied in the response boxes provided. • The citations must be typed-- copying and pasting is not accept-able. Detailed instructions on how and when to copy/ paste, and how to maneuver/ reorder the para-graphs to be copied/ pasted are pro-vided in the “ Authoritative Litera-ture” section of the tutorial avail-able at www. cpa- exam. org. If you have a problem, question, or concern about the administration of the Exam, the Prometic Testing Center, your score notice, etc., please send an e- mail to Phyllis Elliott at pwelliot @ bellsouth. net. Include your name, candidate id number, daytime phone number, and the specifics of your prob-lem, question, or concern in your mes-sage. Need More Information? Previous articles about Exam- related issues were published in the 5- 2004, 6- 2004, 9- 2004, and 11- 2004 issues of the Activity Review which are available on the Board’s web site under the “ news-letter�� link. Additional information about the Exam is available from the following web sites: AICPA: www. cpa- exam. org Board: www. cpaboard. state. nc. us NASBA: www. nasba. org Prometric: www. prometric. com Certificates Issued Exam Issues continued from page 5 Saidu Alfred Adam- Samura Elizabeth Gunyan Allison Deborah Maxine Alston R. Scott Apple Anjali Das Arnold Cory Barwick Amy Marcum Bauserman Isaac John Bradley Carla Kothera Brannon Sarah S. Brokaw Alison Odele Burr Jimmy John Christodoulias Cameron Silver Cooke Liling Cui Myra Leistner Davis Kami Laine Doty Carrie Lynne Dyckman Sandra Spivey Edwards Lori Ann Frederick Carrie Scott Gamble Jill Denise Gehling Billy Odell Hampton, Jr. Richard Taylor Hemphill April Holt Henighan Arthur Thomas High, Jr. Stephanie Brockwell Holt Jana Wilson Hosmer Daniel William Hudson Richard A. Kasnick, Jr. James Randolph Larkin Shauna Deseree Lindsay Kathy Lyn Luke Shawn P. Lydon Ulrike Theresia Maier Margaret Diana Marchell Nicholas Sparling Mathias Katherine Anne Murphree Christina Michelle Murphy Dana J. Nuber Christopher Jonathan Oswald Michael Andrew Polak Aimee Laura Poon Stathis Tom Poulos Joey M. Pruitt, Jr. Krista Suzanne Ratliff Tammy Lynn Rosenberg Clint Justin Saunders Thomas Mays Scott III David A. Seco Clint Joshua Stewart Bryan Lynn Sykes Katherine Grace Thigpen Robert Ray Thomas, Jr. Holly Marie Turner Janine Urbanek Loni Jayne Williams Karen Mescher Wisniewski Jeff Ziliani At its November 22, 2004, meeting, the Board approved the following applications for certification: 6 7 January 17 – Office Closed - Dr. Martin Luther King, Jr., Day January 24 – Board Meeting - Raleigh January 31 – Final Deadline for 2005 Firm Renewal & Peer Review Compliance Info February – Certificate Renewals Mailed February 21 – Board Meeting - Raleigh March 17 – Board Meeting - Raleigh March 25 – Office Closed - Good Friday April 20 – Board Meeting - Raleigh May 16 – Board Meeting - Raleigh May 30 – Office Closed - Memorial Day June 21 – Board Meeting - Raleigh June 30 – Certificate Renewal Deadline July 4 – Office Closed - Independence Day July 14 – Board Meeting - Greensboro August 22 – Board Meeting - Raleigh September 5 – Office Closed - Labor Day September 19 – Board Meeting - Raleigh October 24 – Board Meeting - Raleigh November - Firm Renewal/ Peer Review Compliance Info Mailed November 11 – Office Closed - Veterans’ Day November 21 – Board Meeting - Raleigh November 24- 25 – Office Closed - Thanksgiving December 19 – Board Meeting - Raleigh December 23- 26 – Office Closed - Christmas December 31 – 2006 Firm Renewal/ Peer Review Compliance Info Due 2005 Board Calendar ( Dates subject to change) Certificate No. Send Mail to Home Business New Home Address City State Zip CPA Firm/ Business Name New Bus. Address City State Zip Telephone: Bus. ( ) Home ( ) Bus. fax ( ) E- mail Address Certificate Holder Last name Jr./ III First Middle North Carolina State Board of Certified Public Accountant Examiners Post Office Box 12827 Raleigh NC 27605- 2827 PRST STD US Postage PAID Greensboro, NC Permit No. 393 21,000 copies of this document were printed for this agency at a cost of $ 2,994.28 or 14¢ per copy in December 2004. Certificate holders not notifying the Board in writing within 30 days of any change in address or business location may be subject to disciplinary action under 21 NCAC 8J .0107. Notice of Address Change Signature Date Mail to: NC State Board of Fax to: ( 919) 733- 4209 CPA Examiners PO Box 12827 Raleigh, NC 27605- 2827 State Board of CPA Examiners Board Members Norwood G. Clark, Jr., CPA President, Raleigh Leonard W. Jones, CPA Vice President, Morehead City Arthur M. Winstead, Jr., CPA Secretary- Treasurer, Greensboro O. Charlie Chewning, Jr., CPA Member, Raleigh Thurman L. Gause Member, Sunset Beach Jordan C. Harris, Jr. Member, Statesville Michael C. Jordan, CPA Member, Goldsboro Staff Executive Director Robert N. Brooks Deputy Director J. Michael Barham, CPA Legal Counsel Noel L. Allen, Esq. Administrative Services Felecia F. Ashe Communications Lisa R. Hearne, Manager Examinations Phyllis W. Elliott Licensing Buck Winslow, Manager Jodi S. Nelson Alice G. Steckenrider Professional Standards Ann J. Hinkle, Manager Lorraine Kelley Jo Richardson Receptionist Vanessia L. Willett
Object Description
Description
Title | Activity review |
Date | 2004-12; * |
Description | No. 12, 2004 (December) |
Digital Characteristics-A | 51 KB; 8 p. |
Digital Format |
application/pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_borndigital\images_master\ |
Full Text | Activity Review North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • ( 919) 733- 4222 • No. 12- 2004 Inside this issue... 2005 Board Calendar ........................ 7 Certificates Issued ............................. 6 Consent Judgment ............................. 2 Notice of Address Change ............... 8 Reclassifications ............................... 4 www. cpaboard. state. nc. us Although more than 50 percent of the CPAs licensed in North Carolina work in business, industry, government, and education, many of these individuals also provide or offer to provide account-ing services to the public that would require an individual to register as a CPA firm with the Board. Even though your accounting prac-tice may be part- time and you operate it out of your home, if you use the CPA title in or with your business name or if you offer to provide or provide attest ser-vices, you must register with the Board as a CPA firm pursuant to 21 NCAC 8N .0302. The Board considers audits, re-views of financial statements, examina- Are You Practicing Through an Unregistered Firm? tions of prospective financial statements, compilations of financial statements, agreed- upon procedures of prospective financial statements, examinations of written assertions, and agreed- upon procedures of written assertions to be attest services. An individual can register with the Board as an individual practitioner, partnership, professional corporation, professional limited liability company, or registered limited liability partner-ship. Information about registering your CPA firm with the Board, as well as the forms necessary for registering your firm with the Board, is available from the Board’s web site, www. cpaboard . state. nc. us. In addition to registering your firm with the Board, if you provide attest services you must enroll in the peer re-view program administered by the NCACPA or AICPA pursuant to 21 NCAC 8M . If you have questions regarding the registration of your CPA firm, please contact Jodi Nelson by telephone at ( 919) 733- 1423 or by e- mail at jodisnelson@ bellsouth. net or you may contact Buck Winslow by telephone at ( 919) 733- 1421 or by e- mail at buckwins@ bellsouth. net. Exam Issues, Part V The testing portion of the third win-dow of the Uniform CPA Exam is over and during the month of December, the Exam is in refresh mode. While the Exam is in refresh mode, candidates may apply to take sections of the Exam and, if they have received a Notice to Schedule, may schedule appointments for the next testing win-dow, however, candidates cannot sit for the Exam. To reduce the software- related problems you may have with the Exam, please review the following questions and answers: Do I need special computer training or skills to take the Exam? You are assumed to possess basic computer skills, including the use of a mouse and keyboard. In addition, you are expected to know how to use com-mon spreadsheet and word process-ing functions, including writing for-mulae for spreadsheets. It is important that you know that the word processor and spreadsheet applications in the Exam are not iden-tical to Wordtm or Exceltm. You must also have the ability to use a four- function calculator or a spreadsheet to perform standard Exam Issues continued on page 5 December Deadlines As a reminder, December 31, 2004, is the deadline for submitting 2005 CPA firm renewal and peer review compli-ance information to the Board. December 31, 2004, is also the deadline for licensees to complete the annual 40- hour CPE requirement. 2 Consent Judgment NORTH CAROLINA WAKE COUNTY IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION 04 CVS 8013 NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS PLAINTIFF v. BRUCE A. RAINS DEFENDANT CONSENT JUDGMENT IT APPEARING to the Court that the Defendant has been properly served with process in this action, that he has submitted to the jurisdiction of this Court; and it further appearing that the parties have consented to the signing and entry of this Judgment; the Court makes the following: FINDINGS OF FACT 1. Plaintiff, the North Carolina State Board of Certified Public Accountant Examiners (“ CPA Board”) an indepen-dent agency of the State of North Caro-lina, is organized under the provisions of Chapter 93 of the General Statutes of North Carolina and is charged with such duties and exercises such powers as are provided therein. 2. The Defendant, Bruce A. Rains, is a citizen and resident of New Hanover County, NC. 3. Chapter 93 of the North Carolina General Statutes creates the CPA Board in order to, among other things, regulate the use of the title “ Certified Public Ac-countant” in North Carolina. This ac-tion is brought under the provisions of G. S. § 93- 3, 93- 6, and 93- 12( 16). 4. G. S. § 93- 1( a)( 3) defines “ Certified Public Accountant” as a person who holds a certificate as a certified public accountant issued to him under the pro-visions of this Chapter. 5. Defendant does not now, nor has he ever held a license as a Certified Public Accountant in North Carolina. 6. Defendant was licensed as a Certified Public Accountant in Georgia prior to June 17, 1996. 7. On June 17, 1996, Defendant volun-tarily surrendered his CPA license with the Georgia State Board of Accountancy in order to dispose of disciplinary pro-ceedings pending regarding his licen-sure. 8. The current status of Defendant’s license in Georgia is revoked. 9. On February 3, 2000, Defendant signed a Cease and Desist Order with the CPA Board, wherein the Defendant agreed to immediately cease and desist the use of the designation “ CPA” and identify himself and his firm only as accountant and accounting firm. 10. The Cease and Desist Order specifi-cally referenced that Defendant had al-lowed his name to appear on letterhead, business cards, and business checks, which identified him as a “ CPA” when, in fact, neither he nor his firm were licensed as such. 11. On July 28, 2003, Defendant mailed a solicitation to Robert E. Thompson, Jr., of Wilmington, including a solicitation and résumé. 12. The solicitation included a flyer for Bruce A. Rains, MBA, CPA, stating that, “ We are a full service CPA firm.” 13. The solicitation also included a résumé for “ Bruce A. Rains, MBA, CPA.” 14. The résumé referenced in paragraph 13 above states that Defendant has ex-perience as “ owner and operator of a CPA firm since 1986 both in Atlanta, GA and Wilmington, NC.” 15. Defendant is listed as a registered agent for several North Carolina Corpo-rations. 16. In the filings with the Secretary of State Corporations division, Defendant is listed as follows: a. Do It All Construction, formed 2/ 1/ 2003 lists the registered agent as Bruce A. Rains, MBA, CPA; b. Trendora Capital Investments, Inc., formed 1/ 17/ 2003 lists the registered agent as Bruce A. Rains, MBA, CPA; c. The Old Goat’s Shop, Inc., formed 8/ 30/ 2002 lists the registered agent as Bruce A. Rains, MBA, CPA; d. Cook Hamilton Enterprises, Inc., formed 11/ 15/ 2001 lists the registered agent as Bruce A. Rains, MBA, CPA; e. Carolina Patio Rooms, Inc. formed 8/ 30/ 2001 lists the registered agent as Bruce A. Rains, CPA; f. Sherwood Consulting Group, Inc., formed 8/ 7/ 1998 lists the registered agent as Bruce A. Rains, MBA, CPA; g. Coral Investments, Inc. formed 10/ 22/ 1997 lists the registered agent as Bruce A. Rains, CPA; 17. At the time that each of the corpora-tions listed in paragraph 16 were formed, Defendant was not licensed as a CPA in either Georgia or North Carolina. 18. At the time that each of the corpora-tions listed in paragraph 16 were formed, Defendant was not licensed as a CPA anywhere in the United States. 19. Cook Hamilton Enterprises filed an annual report with the Secretary of State on August 29, 2003. 20. Defendant is listed on that annual report as Bruce A. Rains, MBA/ CPA. 21. Defendant signed the annual report filed in 2003 although he was not, in fact, a CPA. 22. Defendant is also the registered agent for Langley Plumbing, Inc. 23. Langley Plumbing, Inc. filed an annual report with the Secretary of State on July 7, 2003. 24. Defendant is listed as Bruce A. Rains, MBA, CPA on that annual report and Defendant signed his name beneath that title, although he was not, in fact, a CPA. 25. Defendant practiced business at 5529 Eastwood Service Lane, Wilmington, NC 28405. 26. The Defendant continued to use the CPA title by listing “ Bruce Rains, MBA, CPA” on the sign outside the office build-ing at 5529 Eastwood Service Lane. 27. The Defendant has continued to use the CPA title by advertising “ Bruce Rains, MBA, CPA” as a sponsor in the Cape Fear Christmas House news-letter of July 2002. 3 BASED UPON THE FOREGOING Find-ings of Facts, the Court makes the fol-lowing: CONCLUSIONS OF LAW 1. Chapter 93 of the North Carolina General Statues creates the Board to, among other things, safeguard life, health, and property, and to regulate the use of the title “ Certified Public Accoun-tant” in North Carolina. This action is brought under the provisions of G. S. § 93- 3, 93- 4, 93- 5, 93- 6, 93- 8 and 93- 12( 16). 2. This Court has jurisdiction and venue over the parties and this matter. 3. G. S. § 93- 3 prohibits the unautho-rized use of the title “ certified public accountant” by an individual as fol-lows: It shall be unlawful for any person who has not received a certificate of qualification admitting him to prac-tice as a certified public accountant to assume or use such a title, or to use any words, letters, abbrevia-tions, symbols or other means of identification to indicate that the person using same has been admit-ted to practice as a certified public accountant. 4. G. S. § 93- 4 prohibits the unautho-rized use of the title “ certified public accountant” by a firm as follows: It shall be unlawful for any firm, copartnership, or association to as-sume or use the title of certified pub-lic accountant, or to use any words, letters, abbreviations, symbols or other means of identification to in-dicate that the members of such firm, copartnership or association have been admitted to practice as certi-fied public accountants, unless each of the members of such firm, copart-nership or association first shall have received a certificate of quali-fication from the State Board of Cer-tified Public Accountant Examin-ers admitting him to practice as a certified public accountant…. 5. G. S. § 93- 5 prohibits the unautho-rized use of the title “ certified public accountant” by a corporation as fol-lows: It shall be unlawful for any corpora-tion to assume or use the title of certified public accountant, or to use any words, letters, abbrevia-tions, symbols or other means of identification to indicate that such corporation has received a certifi-cate of qualification from the State Board of Certified Public Accoun-tant Examiners admitting it to prac-tice as a certified public accountant. 6. G. S. § 93- 6 provides that it is unlawful for any person to engage in the public practice of accountancy in this State who is not a holder of a certificate as a certified public accountant issued by the CPA Board, unless such person uses the term “ accountant” and only the term accountant in connection with his name on all reports, letters of transmittal, or advice, and on all stationery and docu-ments used in connection with his ser-vices as an accountant, and refrains from the use in any manner of any other title or designation in such practice. 7. G. S. § 93- 8 provides that it is unlawful for any certified public accountant to engage in the public practice of accoun-tancy in this State through any corpo-rate form, except as provided in General Statutes Chapter 55B. 8. Pursuant to G. S. § 93- 12( 16), the CPA Board has the following powers and duties: To apply to the courts, in its own name, for injunctive relief to pre-vent violations of this Chapter or violations of any rules adopted pursuant to this Chapter. Any court may grant injunctive relief regard-less of whether criminal prosecu-tion or any other action is instituted as a result of the violation. A single violation is sufficient to invoke in-junctive relief under this subdivi-sion. IT IS THEREFORE ORDERED that the Defendant ought to be and they are hereby permanently enjoined from: 1. Using the term “ certified public ac-countant” or using any words, letters, abbreviations, symbols or other means of identification to indicate that he has been admitted to practice as a certified public accountant, until such time, if any, as the CPA Board may issue to Defendant a certificate under the provi-sions of Chapter 93 of the North Caro-lina General Statues. This order shall not prohibit the Defendant holding him-self out as an “ accountant” as that term is defined in G. S. § 93- 1( a)( 1) and from obtaining a privilege license as required by G. S. § 105- 41 to practice as an �� ac-countant” and only an “ accountant.” Consistent with this provision, Bruce A. Rains shall immediately: a. Destroy or erase any signs, papers, documents, audio or video tapes and any and all other tangible items by which he identifies himself as a Certified Pub-lic Accountant and or his firm as a CPA firm; b. Provide the Board with a complete list of the names, addresses and telephone numbers of all present and former cli-ents of the Defendant and Defendant’s firm. Defendant shall send a letter, ap-proved in advance by the CPA Board, to all such clients, informing them that the Defendant Bruce A. Rains is not licensed as a Certified Public Accountant, that Defendant’s firm is not a CPA firm and that neither he nor his firm is permitted to use the designation “ Certified Public Accountant” or “ CPA;” c. Provide proof to the Board that he notified all telephone companies which publish a directory listing Defendant and/ or his firm as a CPA or Certified Public Accountant to disconnect and discontinue, without rollover to a new telephone number, any telephone num-ber under which either Defendant or Defendant’s firm is listed as a CPA or Certified Public Accountant; d. Disconnect and discontinue any tele-phone, cellular telephone, facsimile number, e- mail address, or web site used by Defendant which identified Defen-dant as a CPA or Certified Public Ac-countant; e. Provide proof to the CPA Board that he gave written notice to the North Caro- Consent Judgment continued on page 4 4 lina Secretary of State that Bruce A. Rains is not a licensed Certified Public Ac-countant and that any references to, or listings of, him and/ or his firm as a CPA, Certified Public Accountant should be removed, with a copy of such notice provided to the CPA Board; f. Place a one- half ( ½ ) page notice in the Wilmington Star newspaper contain-ing notice of the unauthorized use of the CPA title with apology and provide a copy of the same to the CPA Board as published; and g. Concurrent with the execution of this Consent Judgment tender payment of $ 2,140.57 to the CPA Board for costs incurred in this action. 2. The Superior Court of Wake County, North Carolina shall retain jurisdiction for and limited to the purposes of enforc-ing this Consent Judgment, and the de-fendant shall therefore submit to the jurisdiction of this Court if future issues of compliance with this Consent Judg-ment arise. 3. Any violation of this Judgment shall be deemed contempt of court and shall be punishable by both the civil and crimi-nal contempt powers of this Court upon proper showing. 4. In the event that Defendant violates this Consent Judgment, then the CPA Board may avail itself to all remedies provided by law or equity. In the event of a motion to enforce this Consent Judg-ment, and the CPA Board being the pre-vailing party, the CPA Board shall be entitled to an award for court costs and attorney fees as awarded by the Court. Entered into this 21st day of October, 2004. Howard E. Manning Presiding Judge WE CONSENT: BRUCE A. RAINS NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS Consent Judgment continued from page 3 Reinstatement 11/ 22/ 04 Toni Dedmond Dean # 13817 11/ 22/ 04 Angela Addis Swartz # 19811 11/ 22/ 04 Tami Lynn Yoshimoto # 30632 Reissuance 11/ 22/ 04 James Bailey Jordan # 16877 11/ 22/ 04 Yukon Micheal Tomisato # 24188 Inactive “ Inactive,” when used to refer to the status of a person, describes one who has requested inactive status and been approved by the Board and who does not use the title “ certified public accountant” nor does he or she allow anyone to refer to him or her as a “ certified public accountant” and neither he or she nor anyone else refers to him or her in any representation as described in 21 NCAC 8A .0308( b) [ 21 NCAC 8A .0301( b)( 23)]. 09/ 27/ 04 William Byron Tatum Franklinton, NC 09/ 29/ 04 Frederick Watson Green Wilkesboro, NC 10/ 06/ 04 Thomas Coke Turner Charlotte, NC 10/ 07/ 04 David Brian Rea Clemmons, NC 10/ 11/ 04 Christy Petros Shea Charlotte, NC 10/ 18/ 04 Gail Patterson Kuczkowski Charlotte, NC 10/ 18/ 04 Kristin Michelle Melvin Lewisville, NC 10/ 21/ 04 Dale Martin Brown Lewisville, NC 10/ 25/ 04 Erin Elizabeth May Hartman Greensboro, NC 10/ 25/ 04 Marjo Hannele Tinsley Longmont, CO 10/ 27/ 04 Greg Robbins Winston- Salem, NC 11/ 02/ 04 Dale Kindley Miller Raleigh, NC 11/ 04/ 04 Elizabeth Stromire Germantown, TN 11/ 09/ 04 Bobby Cundiff Nance Winston- Salem, NC 11/ 09/ 04 Deanna Travis Moody Newton, NC 11/ 09/ 04 Kevin Carl Odiorne Marietta, GA 11/ 09/ 04 Sandra Stephens Russ New Bern, NC 11/ 10/ 04 Vincent Jay Livengood Matthews, NC 11/ 10/ 04 John Duane Lynch Charlotte, NC 11/ 15/ 04 Johnny Crider Lewisville, NC 11/ 15/ 04 Christine Maly Lane Spring, TX 11/ 22/ 04 Mark Anthony Joyner Holly Springs, NC 11/ 22/ 04 Jolie Michele Taylor Cary, NC Reclassifications Pursuant to 21 NCAC 8J .0107, all North Carolina CPAs and CPA firms must notify the Board, in writing, within 30 days of any change of ad-dress or business location. For your convenience, a “ Notice of Address Change” form is printed on the back cover of the Activity Review and is available on the Board’s web site, www. cpaboard. state. nc. us. Address changes may be mailed, faxed, or e- mailed to the Board. Please fax your address changes to the Board at ( 919) 733- 4209. Please e- mail your address changes to cpareceptionist@ bellsouth. net. Moved? Changed Jobs? 5 financial calculations by entering num-bers on the on- line calculator using the keyboard or the keypad with the NumLock feature turned on. Many of the question types used in the simulations portion of the Exam are based on familiar computer interface controls and features ( e. g. text entry, mouse clicks, highlighting, copy/ paste, and search). A tutorial to familiarize students and CPA candidates with the function-ality and types of questions and re-sponses used in Exam is available at no cost at www. cpa- exam. org. The tutorial does not cover actual Exam content and while the sample tests provide answers to the sample ques-tions, neither tool is a replacement for practice materials. All candidates are strongly encour-aged to review the Exam tutorial and sample tests at www. cpa- exam. org. The tutorial explains the design and operation of the Exam and reviews the types of questions and responses used in the Exam. Pay special attention to the software features that are unique to the Exam, especially in the Authoritative Litera-ture section: • History Button- use this to find the last page visited-- a “ Back” but-ton is not available. By clicking on History, candidates will be able to obtain a list of up to 20 last page visits, in reverse order. • Copy/ Paste - In the Authorita-tive Literature part of the exam, a candidate can highlight and copy/ paste only blocks of text, not sepa-rate lines or words, at a time. Only the copy/ paste icon in the Authori-tative Literature window will copy/ paste highlighted text. Do not use the icon in the main toolbar. In the tutorial, find specific copy and paste tips as follows: • For AUDIT simulation instruc-tions, refer to Review Letter Item Type; • For FAR simulation instruc-tions, refer to Accounting and Re-porting Item Type; • For REG simulation instruc-tions, refer to Tax Citation Item Type. • Search - you must scroll down to view all topics returned by a search; if you spell words incor-rectly, you will not receive any search results. • Calculator - you will be able to enter numbers on the on- line calcu-lator using the keyboard or the key-pad with the NumLock feature turned on. Be sure you understand how to move the calculator on the screen. Sample tests that contain a few sample multiple- choice questions and a sample simulation for each appli-cable section ( BEC currently does not contain simulations) are also available at www. cpa- exam. org. Answers are given at the end of each sample test. Neither the tutorial nor the sample tests are available at the test centers, so candidates should review them prior to taking the Exam. Do I need to know Exceltm or Wordtm or any other particular computer pro-grams? Basic computer skills, including the use of a mouse and keyboard, are re-quired. You are expected to know how to use common spreadsheet and word processing functions, including writ-ing formulae for spreadsheets and typ-ing short paragraphs. You must also have the ability to use a four- function calculator or a spreadsheet to perform standard finan-cial calculations. The simulations use both a word processor and a spreadsheet applica-tion, but not Exceltm or Wordtm specifi-cally. Review the Exam tutorial to un-derstand how to use the applications. During the Exam, can I complete the simulations first and then complete the multiple- choice questions? Each Exam section is organized into testlets ( either a group of multiple-choice questions or a simulation) and you will receive the multiple- choice test-lets first, one testlet at a time. You must complete the multiple-choice testlets in the order given before you get the simulations, which are also given one at a time. Can I go back and review questions or change my answers during the Exam? You may review and change any answers within each testlet. However, once you have exited a testlet or simula-tion, you will not be able to go back to retrieve, review, or change any of your answers to any of the questions. Do the multiple- choice questions fol-low the same order as the content speci-fication outlines? Although each Exam covers mate-rial from the content specification out-lines ( CSOs), the questions in each test-let are delivered randomly and do not follow the CSO order. This is a change from the paper- based Exam. When completing the research portion of the Regulation simulations, how do I enter the requested tax code section and subsection information? In the simulations, you are asked to research a technical tax question using the Internal Revenue Code. The Internal Revenue Code uses the following orga-nizational hierarchy: Section, Subsec-tion, Paragraph, Subparagraph, Clause, and Subclause. Example 1: 280A( d)( 3)( C)( ii)( II) = Section 280A, Subsection ( d), Paragraph ( 3), Subparagraph ( C), Clause ( ii), Sub-clause ( II) Example 2: 501( h)( 5)( B) = Section 501, Subsection ( h), Paragraph ( 5), Sub-paragraph ( B) Note that the Section level may con-tain all numbers or a combination of numbers and letter, whereas the Sub-section is always a letter. In the simulation, the required re-sponse is only looking for the correct Code Section and Subsection-- you are not expected to cite Paragraphs, Sub-paragraphs, etc. Accordingly, the first response area will accept a combination of numbers and letter, but the second response area will accept only a letter. How does the copy/ paste function work? The constraints of an examination environment require that copy/ paste options be somewhat limited so as to Exam Issues continued from front Exam Issues continued on page 6 ensure scoring accuracy and because these functions were designed specifi-cally to meet the Exam requirements, they are not identical to similar features in commercial software. In the simulation portion of the Exam, copy/ paste works as follows: AUDIT Simulations - • The Audit Report section re-quires that appropriate paragraphs from the Standards ( Code) be cop-ied and pasted into the response box. • Only the “ copy” button within the Authoritative Literature browser window may be used to copy. ( Other means of copying are disabled.) To paste, click on the gray bar ( response area) and select “ paste” from the drop- down menu. • Only one paragraph at a time may be copied and pasted. • The “ arrow” symbols next to the response box must be used to maneuver or reorder pasted para-graphs; the “ X” symbols to delete paragraphs. • It is not possible to type text into the response box. • The space provided for the auditor’s report is sufficient to ac-commodate the response. ( Unan-ticipated responses may exceed available space, causing final para-graphs to be inaccessible to view.) • Selected paragraphs should not be modified. FAR Simulations - • The Research section requires that appropriate citations be cop-ied and pasted into the designated space. Only the “ copy” button within the Authoritative Literature browser window may be used to copy. ( Other means of copying are disabled.) To paste, click on the gray bar ( response area) and select “ paste” from the drop- down menu. • The response must consist of one citation in its entirety. • The selected citation should not be modified. • Pasted text may not be reor-dered or deleted but new text may be copied over the old as replacement. • It is not possible to type text into the response box. REG Simulations - • The Tax Citation section re-quires that the appropriate IRS Code section and subsection be identi-fied in the response boxes provided. • The citations must be typed-- copying and pasting is not accept-able. Detailed instructions on how and when to copy/ paste, and how to maneuver/ reorder the para-graphs to be copied/ pasted are pro-vided in the “ Authoritative Litera-ture” section of the tutorial avail-able at www. cpa- exam. org. If you have a problem, question, or concern about the administration of the Exam, the Prometic Testing Center, your score notice, etc., please send an e- mail to Phyllis Elliott at pwelliot @ bellsouth. net. Include your name, candidate id number, daytime phone number, and the specifics of your prob-lem, question, or concern in your mes-sage. Need More Information? Previous articles about Exam- related issues were published in the 5- 2004, 6- 2004, 9- 2004, and 11- 2004 issues of the Activity Review which are available on the Board’s web site under the “ news-letter�� link. Additional information about the Exam is available from the following web sites: AICPA: www. cpa- exam. org Board: www. cpaboard. state. nc. us NASBA: www. nasba. org Prometric: www. prometric. com Certificates Issued Exam Issues continued from page 5 Saidu Alfred Adam- Samura Elizabeth Gunyan Allison Deborah Maxine Alston R. Scott Apple Anjali Das Arnold Cory Barwick Amy Marcum Bauserman Isaac John Bradley Carla Kothera Brannon Sarah S. Brokaw Alison Odele Burr Jimmy John Christodoulias Cameron Silver Cooke Liling Cui Myra Leistner Davis Kami Laine Doty Carrie Lynne Dyckman Sandra Spivey Edwards Lori Ann Frederick Carrie Scott Gamble Jill Denise Gehling Billy Odell Hampton, Jr. Richard Taylor Hemphill April Holt Henighan Arthur Thomas High, Jr. Stephanie Brockwell Holt Jana Wilson Hosmer Daniel William Hudson Richard A. Kasnick, Jr. James Randolph Larkin Shauna Deseree Lindsay Kathy Lyn Luke Shawn P. Lydon Ulrike Theresia Maier Margaret Diana Marchell Nicholas Sparling Mathias Katherine Anne Murphree Christina Michelle Murphy Dana J. Nuber Christopher Jonathan Oswald Michael Andrew Polak Aimee Laura Poon Stathis Tom Poulos Joey M. Pruitt, Jr. Krista Suzanne Ratliff Tammy Lynn Rosenberg Clint Justin Saunders Thomas Mays Scott III David A. Seco Clint Joshua Stewart Bryan Lynn Sykes Katherine Grace Thigpen Robert Ray Thomas, Jr. Holly Marie Turner Janine Urbanek Loni Jayne Williams Karen Mescher Wisniewski Jeff Ziliani At its November 22, 2004, meeting, the Board approved the following applications for certification: 6 7 January 17 – Office Closed - Dr. Martin Luther King, Jr., Day January 24 – Board Meeting - Raleigh January 31 – Final Deadline for 2005 Firm Renewal & Peer Review Compliance Info February – Certificate Renewals Mailed February 21 – Board Meeting - Raleigh March 17 – Board Meeting - Raleigh March 25 – Office Closed - Good Friday April 20 – Board Meeting - Raleigh May 16 – Board Meeting - Raleigh May 30 – Office Closed - Memorial Day June 21 – Board Meeting - Raleigh June 30 – Certificate Renewal Deadline July 4 – Office Closed - Independence Day July 14 – Board Meeting - Greensboro August 22 – Board Meeting - Raleigh September 5 – Office Closed - Labor Day September 19 – Board Meeting - Raleigh October 24 – Board Meeting - Raleigh November - Firm Renewal/ Peer Review Compliance Info Mailed November 11 – Office Closed - Veterans’ Day November 21 – Board Meeting - Raleigh November 24- 25 – Office Closed - Thanksgiving December 19 – Board Meeting - Raleigh December 23- 26 – Office Closed - Christmas December 31 – 2006 Firm Renewal/ Peer Review Compliance Info Due 2005 Board Calendar ( Dates subject to change) Certificate No. Send Mail to Home Business New Home Address City State Zip CPA Firm/ Business Name New Bus. Address City State Zip Telephone: Bus. ( ) Home ( ) Bus. fax ( ) E- mail Address Certificate Holder Last name Jr./ III First Middle North Carolina State Board of Certified Public Accountant Examiners Post Office Box 12827 Raleigh NC 27605- 2827 PRST STD US Postage PAID Greensboro, NC Permit No. 393 21,000 copies of this document were printed for this agency at a cost of $ 2,994.28 or 14¢ per copy in December 2004. Certificate holders not notifying the Board in writing within 30 days of any change in address or business location may be subject to disciplinary action under 21 NCAC 8J .0107. Notice of Address Change Signature Date Mail to: NC State Board of Fax to: ( 919) 733- 4209 CPA Examiners PO Box 12827 Raleigh, NC 27605- 2827 State Board of CPA Examiners Board Members Norwood G. Clark, Jr., CPA President, Raleigh Leonard W. Jones, CPA Vice President, Morehead City Arthur M. Winstead, Jr., CPA Secretary- Treasurer, Greensboro O. Charlie Chewning, Jr., CPA Member, Raleigh Thurman L. Gause Member, Sunset Beach Jordan C. Harris, Jr. Member, Statesville Michael C. Jordan, CPA Member, Goldsboro Staff Executive Director Robert N. Brooks Deputy Director J. Michael Barham, CPA Legal Counsel Noel L. Allen, Esq. Administrative Services Felecia F. Ashe Communications Lisa R. Hearne, Manager Examinations Phyllis W. Elliott Licensing Buck Winslow, Manager Jodi S. Nelson Alice G. Steckenrider Professional Standards Ann J. Hinkle, Manager Lorraine Kelley Jo Richardson Receptionist Vanessia L. Willett |
OCLC number | 20740890 |