Activity Review
North Carolina State
Board of Certified Public
Accountant Examiners
llOlOberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • (919) 733-4222 • No. 12-20CW
Are You Practicing Through an Unregistered Firm?
Although more than 50 percent of the
CPAs licensed in North Carolina work
i n busi ness, i nd u stry , government, and
education, many of these individuals
al so prov i d eor offer to provi deaccount-
ing services to the public that would
require an individual to register as a
CP A f i rm w i th the Board.
Eventhoughyouraccounting prac¬
tice may bepart-tj meand you operate it
out of you r home, i f you u setheC PA titl e
i n or w i th you r bu si ness name or i f you
offer to provide or provide attest ser¬
vices, you must register with the Board
as a CPA firm pursuant to 21 N CAC
8N .0302.
The Board considers audits, re-
vi ews of f i nanci al statements, exami na-
tionsof prospectivefinancial statements,
compilations of financial statements,
agreed-upon proceduresof prospective
financial statements, examinations of
written assertions, and agreed-upon
procedures of written assertions to be
attest serv ices.
An individual can register with the
Board as an individual practitioner,
partnership, professional corporation,
professional limited liability company,
or registered limited liability partner¬
ship.
I nformati on about regi steri ng your
CPA firmwith the Board, as well as the
forms necessary for regi steri ng you rf i rm
with the Board, is available from the
Board's web site, www.cpaboard
.state.nc.us.
I n ad d i ti on to regi steri ng
у
ou r f i rm
with the Board, if you provide attest
servicesyou must enroll inthepeerre-
view program administered by the
NCACPA or AICPA pursuant to
21NCAC8M .
I f
у
ou have qu estj ons regard i ng th e
registration of your CPA firm, please
contact Jodi Nelson by telephone at
(919) 733-1423 or by e-mail at
jodi sn el son @b el I south.net or you may
contact Buck Winslow by tdephoneat
(919) 733-1421 or by e-mail at
buck wi ns@bel lsouth.net.
December Deadlines
Asa remi nd er, December 31, 2004, i s
thed eadl i nefor su bmi tti ng 2005C PA
firm renewal and peerre/iew compli¬
ance i nformati on to the Board.
December 31, 2004, is also the
deedli nefor I i censees to compl etethe
annual 40-hour CPE requirement.
www.cpaboard.state.nc.us
Insidethis issue...
2005 Board Calendar . 7
Certificates Issued . 6
Consentjudgment . 2
N oti ce of A d d ress Change . 8
Reclassifications . 4
Exam Issues, Part V
The testing portion of the third win¬
dow of theUni form CPA Examisover
and duri ngthemonth of December, the
Exam i s i n refresh mode.
Whi I ethe Exam i s i n refresh mod e
candi dates may appl
у
to takesecti ons
of the E xam and , i f they have recei ved
a Notice to Schedule, may schedule
appoi ntmentsforthenexttestj ng w in-
dow, however, candidates cannot sit
for the Exam.
To reduce the software-related
problemsyou may havewiththeExam,
pleasereviewthefollowing questions
and answers:
Do I need special computertraining
or skillsto take the Exam?
Y ou are assumed to possess basi c
computer ski I Is, including theuseofa
mou seand keyboard . I n add i ti on, you
areexpected to know how to usecorrv
mon spreadsheet and word process¬
ing functions, including writing for-
mul aefor spread sheets.
1 1 i s i mportant that you know that
the word processor and spreadsheet
app I i cati ons i n the E xam are not i d en-
tical to Word"’1 or Excel T
You must also have the ability to
use a four-function calculator or a
spreadsheet to perform standard
Exam Issues
continued on page 5
