6
Mar

Some Reasons for Disciplinary Actions on a Florida CPA

Below a few of the reasons Florida CPA’s may find themselves facing Disciplinary Actions: Attempting to procure a license to practice public accounting by bribery or fraudulent misrepresentations. False or fraudulent advertising. Having a CPA license revoked, suspended, denied, or otherwise acted against by the licensing authority of another state, territory, or country. Any fraudulent […]

7
Sep

Florida Accountancy Disciplinary Proceedings

The following is from the 2016 Florida Statutes, Located in CHAPTER 473 PUBLIC ACCOUNTANCY “Disciplinary proceedings.— (1) The following acts constitute grounds for which the disciplinary actions in subsection (3) may be taken: (a) Violation of any provision of s. 455.227(1) or any other provision of this chapter. (b) Attempting to procure a license to practice public accounting […]

4
Jun

Florida Requirements for CPA License

The following was obtained on the website of Florida Department of Business and Professional Regulation’s Division of Certified Public Accounting: “REQUIREMENTS FOR LICENSURE for Florida CPA PASS ALL FOUR PARTS OF CPA EXAMINATION: with at least a 75% within 18 month rolling period. ONE YEAR WORK EXPERIENCE:  Must be verified by a licensed CPA (This […]

8
May

2015 Schedule of Board Meetings for the Florida Division of Certified Public Accounting

The following information was obtained on the Florida’s Department of Business and Professional Regulation’s website under the Florida Division of Certified Public Accounting: June 10th (Wednesday)-9:00 A.M.-PC June 11th (Thursday)-9:00 A.M.-Board Disney Dolphin and Swan Hotel In Conjunction With FICPA Expo July 30th (Thursday)-9:00 A.M.-PC July 31st (Friday)-9:00 A.M.-Board Biltmore Hotel 1200 Anastasia Avenue, Coral […]

15
Jan

PCAOB Disciplines Seven Audit Firms

The Public Company Accounting Oversight Board (PCAOB) announced disciplinary orders against seven audit firms for violating rules requiring that the auditors of brokers and dealers be independent of their audit clients were settled. According to the PCAOB, in the settlements, in addition to a censure, each firm agreed to undertake significant remedial measures, including: To establish […]

10
Nov

Requirements for Florida’s CPA Exam

These are some of the Florida requirements to take the CPA exam: 1. You must have successfully completed a minimum of 120 semester hours of college credit as determined by the Florida Board of Accountancy, and you must have at least a bachelor’s degree or its international equivalent. 2.  You must have completed 24 semester hours of upper division business courses, 24 semester […]

8
Jan

Financial Preparers Oppose the PCAOB’s Plan for More Disclosures

The PCAOB’s proposal requiring additional information in the auditors’ report, is facing opposition from the preparers of financial statements, industry organizations and audit committees.  In a recent Journal of Accountancy article,  they reported more than 60 companies posting letters on the PCAOP’s website expressing opposition to the proposed requirements for the auditor to include descriptions of “critical […]

19
Dec

Six Key Risk Factors for Auditors

    In the recent edition of the Journal of Accountancy, the auditing of internal control over financial reporting, is listed as a topic that has received a lot of attention from the PCAOB this year, and is one of the key risk factors for the 2013 audit cycle, according to a new Center for Audit Quality (CAQ) alert. A […]

10
Sep

Changes to Auditor Reporting Standards Proposed by PCAOB

The Public Company Accounting Oversight Board (PCAOB) issued proposed modifications to auditor reporting standards on August 13, 2013. These proposals will follow the process, including concept release issued over two years ago,  discussing possible changes to the standard auditor’s report that would provide more useful information to investors. The two new standards proposed by the PCAOB are: 1. addressing the content […]

22
Aug

PCAOB Calling for Additional Care in Audits of Brokers/Dealers

On the Journal of Accountancy’s website,  Ken Tysiac writes that the PCAOB is urging auditors of broker/dealers to conduct audits with due professional care and skepticism after PCAOB inspectors identified deficiencies in 57 of the 60 audits of broker-dealers reviewed during the final 10 months of 2012. The independent findings were identified in about 8% […]