Sections
Subchapter 1 General Provisions 12201 – 12203
Subchapter 2 Board of Accountancy 12213 – 12214
Subchapter 3 Licensure of Certified Public Accountants 12227 – 12234
Subchapter 4 Licensure of Public Accountants 12239 – 12242
Subchapter 5 Licensure of Accounting Firms 12252
Subchapter 7 Enforcement Against Licensees 12273-A – 12280

Terms Used In Maine Revised Statutes > Title 32 > Chapter 113

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Attest service: means providing the following services:  
A. See Maine Revised Statutes Title 32 Sec. 12201
  • Board: means the Board of Accountancy established underTitle 5, section 12004-A, subsection 1, or its predecessor under prior law. See Maine Revised Statutes Title 32 Sec. 12201
  • Certificate: means a certificate as "certified public accountant" issued under prior law, and a certificate as "public accountant" issued under prior law, or a corresponding certificate as a certified public accountant issued after examination under the law of any other state. See Maine Revised Statutes Title 32 Sec. 12201
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Department: means the Department of Professional and Financial Regulation. See Maine Revised Statutes Title 32 Sec. 12201
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Firm: means a sole proprietorship, a corporation, a partnership or any other form of organization. See Maine Revised Statutes Title 32 Sec. 12201
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Juror: A person who is on the jury.
  • Licensee: means a person who holds a license issued by the board under section 12230 or 12231 or a corresponding provision of prior law, or a firm that holds a license issued by the board under section 12252. See Maine Revised Statutes Title 32 Sec. 12201
  • Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
  • Oath: includes an affirmation, when affirmation is allowed. See Maine Revised Statutes Title 1 Sec. 72
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Peer review: means a study, appraisal or review of one or more aspects of the professional work of a certified public accountancy firm that provides an attest service by a person or persons who are licensed as certified public accountants and who are not affiliated with the certified public accountancy firm being reviewed. See Maine Revised Statutes Title 32 Sec. 12201
  • Practice of or practicing public accountancy: means the following combined activities by a person or firm:  
  • A. See Maine Revised Statutes Title 32 Sec. 12201
  • Quality Review: means a study, appraisal or review of one or more aspects of the professional work of a person or firm in the practice of public accountancy, by a person or persons who hold certificates and who are not affiliated with the person or firm being reviewed. See Maine Revised Statutes Title 32 Sec. 12201
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Report: includes any form of language that disclaims an opinion when such form of language is conventionally understood to imply positive assurances as to the reliability of the attest information or compiled financial statements referred to or special competence on the part of the person or firm issuing such language and includes any other form of language that is conventionally understood to imply such assurance or such special knowledge or competence. See Maine Revised Statutes Title 32 Sec. 12201
  • Rule: means any rule or other written directive of general application duly adopted by the board. See Maine Revised Statutes Title 32 Sec. 12201
  • Substantial equivalency: means that the education, examination and experience requirements for certified public accountants contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination and experience requirements of this State or that an individual certified public accountant's education, examination and experience qualifications are comparable to or exceed the education, examination and experience requirements of this State. See Maine Revised Statutes Title 32 Sec. 12201
  • Verdict: The decision of a petit jury or a judge.