1-106. Terms, defined.

262 words·~1 min read·/ne/chapter-1/1-106

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

For purposes of the Public Accountancy Act, unless the context otherwise requires:

(1)Board means the Nebraska State Board of Public Accountancy;

(2)Certificate means a certificate issued under sections 1-114 to 1-124 ;

(3)Firm means a partnership, limited liability company, or corporation engaged in the practice of public accountancy in this state entitled to register with the board or a proprietorship engaged in the practice of public accountancy in this state;

(4)Partnership includes, but is not limited to, a limited liability partnership;

(5)Peer review means a review of one or more aspects of the professional work of a firm that either or both performs attest engagements or performs compilations by an active certified public accountant who is the holder of a permit issued under subdivision (1)(a) of section 1-136 or the equivalent issued by another state and who is not affiliated with the firm being reviewed;

(6)Permit means a permit to engage in the practice of public accountancy in this state issued under section 1-136 ;

(7)Practice privilege means the privilege of an accountant to practice public accountancy or hold himself or herself out as a certified public accountant in this state in accordance with section 1-125.01 ;

(8)State means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States; and

(9)Temporary practice privilege means the privilege of a foreign accountant to temporarily practice public accountancy in this state in accordance with section 1-125.02 .