(Section scheduled to be repealed on January 1, 2029)

234 words·~1 min read·/il/chapter-225/act-450/1-46

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 8.05. Accountancy activities.

(a)Accountancy activities are services performed by a CPA, including:

(1)signing, affixing, or associating the names used by a person or CPA firm to any

report expressing an assurance on a financial statement or disclaiming an opinion on a financial statement based on an audit or examination of that statement or to express assurance on a financial statement;

(2)other attestation engagements not otherwise defined in paragraph (1); or

(3)offering to perform or performing one or more types of the following services

involving the use of professional skills or competencies: accounting, management, financial or consulting services, compilations, internal audit, preparation of tax returns, furnishing advice on tax matters, bookkeeping, or representations of taxpayers; this includes the teaching of any of these areas at the college or university level.

(b)If offering or performing accountancy activities using the CPA title set forth in paragraphs (1), (2), and

(3)of subsection

(a)of this Section, then:

(1)the activities identified in paragraph

(1)of subsection

(a)may only be performed

by licensed CPAs;

(2)the activities identified in paragraph

(2)of subsection

(a)may only be performed

by licensed or registered CPAs; and

(3)the activities identified in paragraph

(3)of subsection

(a)are not restricted to

licensed or registered CPAs, subject to the provisions of Section 9 of this Act.