What individuals within a firm need to be licensed in order to provide public accounting services?
Council Guideline No. 2007-2, enacted by Public Accountants Council under the provisions of the Public Accounting Act, 2004, and Institute Bylaw 901(2) require that only the lead engagement person responsible for signing the report must be licensed as a public accountant. Other members of the engagement team, including the quality control reviewer or other experts may be, but are not required to be, licensed as public accountants in Ontario. The Institute’s former Bylaw 913, requiring all partners to be licensed, has been repealed.
Related Questions
- I understand that no license is needed to offer tax services to the public. If I am a licensed accounting practitioner must I comply with the professional ethics in regards to my tax practice?
- What individuals with a professional corporation need to be licensed in order to provide public accounting services?
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