What services require that a public accounting licence be held?
A public accounting licence is required when – you are the lead engagement person responsible for signing the report or statement issued in respect of any: – assurance engagement (including an audit or review engagement), or – any compilation engagement in respect of which it can be reasonably expected that the services will be relied upon or used by a third party and the prescribed wording for the notice to reader is not used; and – the report is issued in Ontario or the work for the engagement is primarily performed in Ontario. A public accounting licence is not required if you – are not the lead engagement person responsible for signing the report or statement . Members of the engagement team or who are otherwise involved with or may directly influence the outcome of the engagement, including the quality control review partner, are not required to be licensed; – do not provide any assurance services (including audit or review engagements) but do provide such other services that may
Related Questions
- I currently hold a public accounting licence and am engaged in the practice of public accounting by providing assurance services. What do I need to do?
- Which courses held at the Regional Public Safety Training Center require that I register through Truckee Meadows Community College?
- What individuals within a firm need to be licensed in order to provide public accounting services?
