§ 326.250 Citation of law
§ 326.253 Policy statement, purpose clause
§ 326.256 Definitions
§ 326.259 Missouri state board of accountancy established, appointment, members, ..
§ 326.262 Rulemaking authority — office maintained in Jefferson City.
§ 326.265 Officers elected by board, employment of legal counsel and personnel — …
§ 326.268 Meetings — examination of applicants, content, fees — compensation of board …
§ 326.271 Rulemaking authority, conduct of matters and continuing education
§ 326.274 Investigation of complaints by board
§ 326.277 Eligibility for examination, requirements
§ 326.280 License issued, when — reexamination and fees — temporary license issued, when.
§ 326.283 Reciprocity for out-of-state accountants — licensee of this state …
§ 326.286 Issuance and renewal of licenses, when, term — license holder by foreign …
§ 326.289 Issuance and renewal of permits, procedure
§ 326.292 Issuance of reports on financial statements, license required — use of CPA …
§ 326.295 Confidential information, peer review — immunity from civil liability, when.
§ 326.298 Acts which may be enjoined by court — venue.
§ 326.304 Attorney general or other legal counsel to represent board in certain ..
§ 326.307 Use of certain titles, prima facie evidence that persons hold themselves ..
§ 326.310 Refusal to issue license or permit, grounds for refusal — complaint filed …
§ 326.316 Issuance of new license after revocation, when
§ 326.319 Division to collect moneys — fund created — costs paid by respondent in …
§ 326.322 Client confidentiality rules
§ 326.325 Work product, property of licensee — consent of client necessary for disclosure.
§ 326.328 Secretary of state to act as applicant’s agent, when
§ 326.331 Severability clause

Terms Used In Missouri Laws > Chapter 326 - Accountants

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • AICPA: the American Institute of Certified Public Accountants. See Missouri Laws 326.256
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • attest services: providing the following services:

     (a)  Any audit or other engagement to be performed in accordance with the Statements on Auditing Standards (SAS). See Missouri Laws 326.256

  • Board: the Missouri state board of accountancy established under section Missouri Laws 326.256
  • Certificate: a certificate issued under section Missouri Laws 326.256
  • Certified public accounting firm: "CPA firm" or "firm", a sole proprietorship, a corporation, a partnership or any other form of organization issued a permit under section Missouri Laws 326.256
  • Client: a person or entity that agrees with a licensee or licensee's employer to receive any professional service. See Missouri Laws 326.256
  • Compilation: providing a service to be performed in accordance with Statements on Standards for Accounting and Review Services (SSARS) that is presented in the form of financial statements information that is the representation of management (owners) without undertaking to express any assurance on the statements. See Missouri Laws 326.256
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • CPA: the holder of a certificate or license as defined in this section. See Missouri Laws 326.256
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Dependent: A person dependent for support upon another.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
  • Fraud: Intentional deception resulting in injury to another.
  • Incompetent: if used in a section in a context relating to actual occupational ability without reference to a court adjudication of incompetency, means the actual ability of a person to perform in that occupation. See Missouri Laws 1.020
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • License: a license issued under section Missouri Laws 326.256
  • Licensee: the holder of a license as defined in this section. See Missouri Laws 326.256
  • Manager: a manager of a limited liability company. See Missouri Laws 326.256
  • Member: a member of a limited liability company. See Missouri Laws 326.256
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • NASBA: the National Association of State Boards of Accountancy. See Missouri Laws 326.256
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • PCAOB: the Public Company Accounting Oversight Board. See Missouri Laws 326.256
  • Peer review: a study, appraisal or review of one or more aspects of the professional work of a licensee or certified public accounting firm that performs attest or compilation services, by licensees who are not affiliated either personally or through their certified public accounting firm being reviewed pursuant to the Standards for Performing and Reporting on Peer Reviews promulgated by the AICPA or such other standard adopted by regulation of the board which meets or exceeds the AICPA standards. See Missouri Laws 326.256
  • Permit: a permit to practice as a certified public accounting firm issued under section Missouri Laws 326.256
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Principal place of business: the office location designated by the licensee for purposes of substantial equivalency and reciprocity. See Missouri Laws 326.256
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Professional: arising out of or related to the specialized knowledge or skills associated with certified public accountants. See Missouri Laws 326.256
  • Property: includes real and personal property. See Missouri Laws 1.020
  • Quorum: The number of legislators that must be present to do business.
  • 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: when used with reference to any attest or compilation service, means an opinion, report or other form of language that states or implies assurance as to the reliability of the attested information or compiled financial statements, and that also includes or is accompanied by any statement or implication that the person or firm issuing it has special knowledge or competence in accounting or auditing. See Missouri Laws 326.256
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: any state of the United States, the District of Columbia, Puerto Rico, the U. See Missouri Laws 326.256
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • substantially equivalent: a determination by the board of accountancy or its designee that the education, examination and experience requirements contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination and experience requirements contained in this chapter or that an individual certified public accountant's education, examination and experience qualifications are comparable to or exceed the education, examination and experience requirements contained in this chapter. See Missouri Laws 326.256
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • this state: means the state of Missouri. See Missouri Laws 326.256
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes such district and territories. See Missouri Laws 1.020
  • voter: is used in the laws of this state it shall mean registered voter, or legal voter. See Missouri Laws 1.035