Accountancy Board Rules

Accountancy Board Rules
Agency 4701 of the Ohio Administrative Code

Link to all of the Accountancy Board rules (40-page PDF file)
(Includes rule changes effective July 16, 2009)

Rules listed in order by rule number

4701-1-01 Notice for Change of Rule (Required by Ohio Revised Code section 119.03)
4701-1-02 Board Addresses (Addresses; geographical and Web site)
4701-1-03 Board Officers (Names for administrative purposes)
4701-1-04 Authorized Signature (Executive Director and authorized staff may sign official documents)
4701-1-05 Request for Formal Hearing (Moved to Investigations rule series)
4701-1-06 Meetings of the Board (Time; purpose; election of officers)
4701-1-07 Personal Information Systems (Required by Ohio Revised Code section 1347.05)
4701-1-08 Facsimile or Electronic Mail Transmissions (Only certain ones permitted)
4701-1-09 Practice of Public Accounting (Renumbered to 4701-7-04)
4701-1-10 Board Committees (The seven standing committees, committee procedure, etc.)
4701-3-01 Residence (Includes exceptions to the requirement)
4701-3-02 Board Approved Colleges (Board must evaluate other credentials)
4701-3-03 Accounting Concentration; Business Course Requirement; Graduate Degrees (Defined)
4701-3-04 Candidates Who Hold Other Degrees (Rescinded effective July 16, 2009)
4701-3-05 Evaluation of Foreign Credentials (Procedure)
4701-3-06 Conditional Admission to the CPA Examination (Procedure)
4701-3-07 Special Examination (Procedure, Examination, Grading)
4701-3-08 Five Year Degree Programs (Rescinded July 16, 2009)
4701-3-09 CPA Examination Educational Requirements (150 semester hours required for CPA examination admission)
4701-5-01 CPA Examination Administration Definitions (CPA Examination Services, Prometric, Examination Window, Notice to Schedule)
4701-5-02 CPA Examination Applications (General procedure)
4701-5-03 CPA Examination Subjects (CPA exam subjects as of April 2004, including the procedure for awarding credit to sections passed prior to April 2004)
4701-5-04 CPA Examination Scheduling (General procedure)
4701-5-05 Conduct during the CPA Examination
4701-5-06 Passing Score; Conditional Credit (Conditioning Requirements)
4701-5-07 Non-Disclosed Examination; Grade Procedures (General information about the non-disclosed examination; review of examination papers)
4701-5-08 Candidates Proctored in Other States (Rescinded effective November 7, 2003)
4701-5-09 Credit on the Uniform CPA Examination Given in Other States (Procedure)
4701-5-10 Candidates Who Request Proctoring in Ohio (Rescinded effective November 7, 2003)
4701-7-01 Certificate of Certified Public Accountant (Types; conditions for Issuance)
4701-7-02 Substantial Equivalency (Use of the National Qualification Appraisal Service and International Qualifications Appraisal Board to aid in determining substantial equivalency)
4701-7-03 Reinstatement Fee (Rescinded July 31, 2003)
4701-7-04 Practice of Public Accounting and Regulated Services (Defined)
4701-7-05 Experience for the CPA Certificate (Qualifying experience defined)
4701-7-06 Exemptions from the Ohio Permit Requirement (Situations when an Ohio permit or Ohio registration is not required)
4701-7-07 International Reciprocity (Procedure for granting the CPA certificate to foreign credential holders)
4701-7-08 License Qualification (Use of the term "Inactive" after the CPA designation by licensees holding the Ohio registration)
4701-7-09 Internet Practice (Required CPA firm website information)
4701-7-10 Surrender of a CPA Certificate (Procedure)
4701-9-01 Integrity and Objectivity (Clarification)
4701-9-02 General Standards (Competence, Due professional care including planning and supervision, Sufficient data for conclusions)
4701-9-03 Generally Accepted Auditing Standards (Defines generally accepted auditing standards as those issued by the Public Company Accounting Oversight Board, the Government Accountability Office, and the American Institute of CPAs, as applicable.)
4701-9-04 Generally Accepted Accounting Principles (Defines generally accepted accounting principles as those issued by Financial Accounting Standards Board, the Governmental Accounting Standards Board, and the Federal Accounting Standards Advisory Board, as applicable.)
4701-9-05 Attestation Standards (Defines attestation standards as those issued by the American Institute of Certified Public Accountants or the Government Accountability Office, as applicable.)
4701-9-06 Accounting and Review Services Standards (Defines accounting and review standards as those issued by the American Institute of Certified Public Accountants.)
4701-9-08 Consulting Standards (Defines consulting standards as those issued by the American Institute of Certified Public Accountants.)
4701-9-09 Tax Services Standards (Defines tax services standards as those issued by the American Institute of Certified Public Accountants.)
4701-9-10 Quality Control Standards (Defines quality control standards as those issued by the American Institute of Certified Public Accountants.)
4701-11-01 Independence (Defines independence standards as those issued by the Securities and Exchange Commission, the General Accounting Office, and the American Institute of Certified Public Accountants.) Read the SEC rule on auditor independence. [File size=755K])).
4701-11-02 Confidential Client Information (Outlines the instances in which confidential client information must be disclosed)
4701-11-03 Contingent Fees (Outlines the instances in which contingent fees are prohibited)
4701-11-04 Commissions and Referral Fees (Outlines the instances in which commissions and referral fees are prohibited)
4701-11-05 Form of Practice and Name (Acceptable names for public accounting firms)
4701-11-06 Retention of Client Records (Outlines the instances in which retention of client records is not permitted; mediation option)
4701-11-07 Board Communications (Responsibility of licensees to be aware of official communications from the Board office)
4701-11-09 Acts Discreditable (Examples of actions that are subject to the disciplinary provisions of section 4701.16(A)(10) of the Revised Code)
4701-11-10 Application of Ethics Rules to Non-CPA Owners (Ethics rules apply to all owners of CPA firms)
4701-13-01 Fees for Registration of Public Accounting Firms; Insurance; Renewal Deadlines (Professional liability insurance requirements)
4701-13-02 Authorized Peer Review Program Administrator (Ohio Society of Certified Public Accountants)
4701-13-03 Designated Peer Review Committee (OSCPA Peer Review Acceptance Committee)
4701-13-04 Purpose of Peer Review (Rescinded July 16, 2009)
4701-13-05 Firm Registration and Peer Review Definitions (Professional liability insurance, Peer review sponsoring organization)
4701-13-06 Peer Review Program Standards (AICPA Standards for Performing and Reporting on Peer Reviews adopted as the peer review standards, Peer review sponsoring organizations, Approval of reviewers, Procedure for acceptance of peer reviews, Remedial actions, Disciplinary actions)
4701-13-07 Firm Registration Options (Defined)
4701-13-08 Retention of Documents Relating to Peer Reviews (Procedure)
4701-13-09 Change of Firm's Status (Change of Name, Firm merger, Firm dissolution; Adjustment of firm registration renewal deadline)
4701-13-10 Peer Review Deficiencies; Hearings (Peer review information may be used in disciplinary hearings concerning violations of the professional standards)
4701-13-11 Required Submission of Peer Review Reports (Adverse peer review reports, second consecutive modified peer review reports, and second consecutive report reviews containing comments and recommendations must be submitted to the Board)
4701-15-01 Continuing Education Standards (NASBA/AICPA Statement on Standards for Continuing Education)
4701-15-02 Continuing Education Requirement (Includes continuing education reporting groups and reporting years; continuing education reporting deadline moved to December 31)
4701-15-03 Continuing Education Reporting (Reporting procedure)
4701-15-04 Measurement of Continuing Education Credit; Types of Programs (Computation of continuing education credit for various types of programs)
4701-15-05 Requirements for Continuing Education Program Acceptance (Including continuing education sponsors)
4701-15-06 Reduction of Continuing Education Requirement (Conditions under which a reduction may be granted by the Board)
4701-15-07 Continuing Education Deficiency (Permitted deficiency of CPE credit; procedure for correcting deficiencies)
4701-15-08 Deficiency Status (Period of time to correct continuing education deficiency)
4701-15-09 Coverting to Ohio Permit Status (Reentry requirements for persons holding the Ohio registration.)
4701-15-10 Continuing Education Sponsor Registration (Procedure)
4701-15-11 Required Continuing Education Programs (Specific continuing education required for licensees performing accounting, auditing, or tax work; required CPE in professional standards)
4701-15-12 Continuing Education Verification (The annual audit of continuing education claimed by licensees)
4701-15-13 Continuing Education Requirements of Non-CPA Owners (All holders of ownership interests in CPA firms are required to have continuing education credit)
4701-17-01 Education Assistance Program Definitions (Minority, Financial Need, Tier One Scholarship Commitment, Tier One Scholarship Grant, Tier Two Scholarship Commitment, Tier Two Scholarship Grant, Fifth Year of an Individual Program of Study, Five Year Degree Program, Ohio Resident)
4701-17-02 Scholarship Eligibility Criteria (Criteria necessary to qualify for tier one scholarship commitments and tier two scholarship commitments)
4701-17-03 Application Requirements for Tier One Scholarships (Covers tier one scholarships only)
4701-17-04 Scholarship Procedure; Fund Balance (Determination of tier one scholarship commitment awards and tier two commitment awards; funding requirements and balances needed in scholarship funds; college and university reporting requirements)
4701-17-05 Tier One Scholarship Commitment Payments; Procedures (Rescinded effective July 31, 2003)
4701-17-06 Publicity and Necessary Expenses (Method of announcing scholarships; direct expenses of administering the scholarship program may be paid from the Education Assistance Fund)
4701-17-07 Unexcused Absences of Advisory Committee Members (Rescinded effective September 23, 1999)
4701-17-08 Designated Surcharge (The surcharge on the licensing fee that will be deposited in the Education Assistance Fund)
4701-19-01 Request for Formal Hearing (Procedure)
4701-19-02 Complaints and Investigations (Procedure)

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