Iowa Code 542.7A – Office of auditor of state
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1. The office of auditor of state shall qualify as a certified public accounting firm subject to the requirements of sections 11.31, 11.31A, and 542.7.
Terms Used In Iowa Code 542.7A
- Certified public accountant: means a person licensed by the board who holds a certificate issued under this chapter or corresponding prior law. See Iowa Code 542.3
- Certified public accounting firm: means a sole proprietorship, a corporation, a partnership, a limited liability company, or any other form of organization issued a permit to practice as a firm of certified public accountants under section 542. See Iowa Code 542.3
- Office: means any Iowa workplace identified or advertised to the general public as a location where public accounting services are performed. See Iowa Code 542.3
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, the Commonwealth of the Northern Mariana Islands, or Guam. See Iowa Code 542.3
2. For purposes of section 542.7, the auditor of state shall be deemed to be the owner of the office of auditor of state and the office of auditor of state shall be deemed to comply with the ownership requirements of section 542.7 if the auditor of state is a certified public accountant or all divisions of the office of auditor of state performing attest services are led by a certified public accountant.
3. The provisions of sections 542.9, 542.17, and 542.18 shall not apply to the office of auditor of state as a certified public accounting firm under this chapter.