325.290 Use of title "certified public accountant" -- Uncompensated services

211 words·~1 min read·/ky/325-290

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provided by licensee granted continuing professional education waiver based

on retirement.

(1)Only an individual who has received a license to practice or qualifies for a practice

privilege shall be styled and known as a "certified public accountant." A certified

public accountant may also use the abbreviation "CPA" or "public accountant."

(2)Licensees granted a waiver from continuing professional education based on

retirement may use "certified public accountant," "public accountant," or "CPA,"

but shall not engage in regulated activities.

(3)Nothing in this section shall preclude a licensee who has been granted a continuing

professional education waiver based on retirement from providing the following

uncompensated services on a volunteer basis:

(a)Preparing taxes;

(b)Participating in a government-sponsored business-mentoring program;

(c)Serving on the board of directors for a nonprofit or governmental

organization; or

(d)Serving on a government-appointed advisory body.

(4)As prescribed by the board in accordance with administrative regulations

promulgated by the board, licensees applying for and renewing the continuing

professional education waiver based on retirement shall affirm their understanding

of the limited types of activities in which they may engage while on the waiver and

their understanding that they have a professional duty to ensure that they hold the

professional competencies necessary to offer these limited services.