Section 2-101 - Definitions. - Maryland Statutes

§ 2-101. Definitions.
 

(a)  In general.- In this title the following words have the meanings indicated. 

(b)  AICPA.- "AICPA" means the American Institute of Certified Public Accountants. 

(c)  Attest.- "Attest" means to provide the following financial statement services: 

(1) an audit or other engagement performed in accordance with the Statements on Auditing Standards issued by AICPA; 

(2) a review of a financial statement performed in accordance with the Statements on Standards for Accounting and Review Services issued by AICPA; 

(3) an examination of prospective financial information performed in accordance with the Statements on Standards for Attestation Engagements issued by the AICPA; and 

(4) any engagement performed in accordance with the Auditing Standards of the Public Company Accounting Oversight Board. 

(d)  Board.- "Board" means the State Board of Public Accountancy. 

(e)  Home office.- "Home office" is the location specified by a client of a certified public accountant as the address to which a service described in § 2-401(a) of this title is directed. 

(f)  License.- "License" means, unless the context requires otherwise, a license issued by the Board to practice certified public accountancy. 

(g)  License fee.- "License fee" means the fee paid in connection with the issuance or renewal of a license. 

(h)  Licensed certified public accountant.- "Licensed certified public accountant" means, unless the context requires otherwise, an individual licensed by the Board to practice certified public accountancy. 

(i)  Permit.- "Permit" means, unless the context requires otherwise, a permit issued by the Board to allow a partnership or corporation to operate a business through which an individual may practice certified public accountancy. 

(j) Permit fee.- "Permit fee" means the fee paid in connection with the issuance or renewal of a permit. 

(k)  Practice certified public accountancy.- "Practice certified public accountancy" means to perform any of the following accountancy services: 

(1) conducting an audit of financial statements; or 

(2) providing a written certificate or opinion on the correctness of the information or on the fairness of the presentation of the information in: 

(i) a financial statement; 

(ii) a report; 

(iii) a schedule; or 

(iv) an exhibit. 

(l)  Practice privilege.- "Practice privilege" means the right granted to an individual who is licensed by another state to practice certified public accountancy in this State without a license issued by this State. 

(m)  Principal place of business.- "Principal place of business" means the office location designated by the licensee for purposes of substantial equivalency and reciprocity. 

(n)  NASBA.- "NASBA" means the National Association of Boards of Accountancy. 
 

[An. Code 1957, art. 75A, § 2-101; 1989, ch. 3, § 1; 2006, ch. 156; 2008, ch. 536.]