Does the NC Privilege License
Requirement Apply to CPAs?
Phishing Email
Targets NC CPAs
In late February, the Board learned
that some North Carolina CPAs had
received an email with the subject line
"Notice: Complaint Filed" that claimed
the Board is investigating a complaint
against the CPA. This email is not
from the Board; it is a phishing
email.
The Board notified its current
licensees about the fraudulent email
on social media and through an email
blast.
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mum hith ethical •tand.iiib m the
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to review complaint, agoiml C PA. for mne.mdnet Ihe I nlorc email DMuon ha.
cmdiKted an imtial review of the compliant in acoordanca with the procedure, ot the Joint
l lhtcv I itlofcanKel Pfigram and ha. deunmned a violathn ha. Liken place
Ytoi can all document, leceivol aa part of Ihe Complaint in the link below
hnp film wvmelileJiarc. can CmpU.i. 2355
Yne hove № da>« In respond to the Ibhud to wnltng IK invidii atinn n then referred to
one of die Ikurd*. I nl’iectnicra committee^ Ihe ..>nuitotoc review mg tlie complaint will
make • i «commend*. >n on how to proceed
KegorvK
Jennifer l«wt*
Ihr Ikionl of AccountaiK v
Some red flags about the email:
• If a complaint has been filed
against a North Carolina CPA or
CPA firm, the Board’s first point of
contact will be a letter sentthrough
the US Postal Service;
• all legitimate emails from the
Board will be sent from the
@nccpaboard.gov domain; and
• the Board is not commonly referred
to as the Board of Accountancy.
If you received the email and have
concerns, please contact the Board.
If you are an owner, principal, or
manager in a CPA firm or business
providing accounting services to third
parties, you are required to purchase
a $50.00 annual privilege license
from the North Carolina Department
of Revenue (NCDOR).
You also are required to pay a
$12.50 fee for an annual privilege
license for any other employees
of the CPA firm or business, CPA
or non-CPA, providing accounting
services.
Accounting services include,
but are not limited to, audits,
reviews, compilations, financial
statements, agreed-upon procedures,
bookkeeping, tax return preparation,
tax reports, professional services
or assistance relating to accounting
procedure and systems, tax consulting,
and management advisory services.
CPAs employed in business,
industry, government, or education
are not required to purchase an
annual privilege license from the
NCDOR.
Flowever, a CPA engaged in
the public practice of accounting
who provides any of the above-
noted services outside his or her
government, business and industry,
or education employment (such as
a seasonal tax preparation firm)
is required to purchase an annual
$50.00 privilege license.
According to the NCDOR, a
non-resident CPA engaged in the
public practice of accountancy by
providing any of the services noted
above through mobility is required to
purchase an annual $50.00 privilege
license.
Privilege License
continued on page 6
In This Issue
Disciplinary Actions . 2
Certificates Issued . 5
Score Release Dates . 6
New Tax Law Testing . 6
Reclassifications . 7
COSO ERM Framework Testing .... 7
North Carolina State Board of Certified Public Accountant Examiners
