Accountancy, Board of

Purpose

To promote dependability of the information used for guidance in financial transaction or accounting for assessing the status or performance of commercial and non-commercial enterprises; prescribe and assess the qualification of accountants. To promulgate rules and regulations; establish standards for professional liability insurance and prescribe liability for torts; issue, revoke, suspend, or refuse certificate, permits, or registration; and hold hearings. Members must file personal financial disclosure statements. Five members appointed by the Mayor: one registered public accountant, one non-accountant to represent consumers, and three certified public accountants who hold valid permits and have engaged in the practice of accountancy as CPAs in the District for not less than five years at the time of appointment. The Mayor appoints one member as a chairperson.

Approval Type - Passive Council Approval (If not disapproved by resolution within 45-day review period, deemed approved.)

Licensed - Yes

Paid stipend or salary - No