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Title 12 . Professional and Vocational Regulations
Chapter 4 . Big Game Guides and Transporters
Section 990. Definitions

12 AAC 04.990. Definitions

In this chapter

(1) "accountant" means any person licensed in the state as either a certified public accountant or public accountant under AS 08.04;

(2) "board" means the Board of Public Accountancy;

(3) "department" means the Department of Commerce, Community, and Economic Development;

(4) repealed 5/28/81;

(5) "financial statement" includes a statement of position, a statement of operations, a statement of change in equity and notes, a balance sheet, an income statement, a statement of cash flows, a statement of assets and liabilities, and any other statement that purports to represent a statement of position or operation;

(6) "opinion" means a written conclusion, based on the use of expert knowledge in accounting and auditing, in matters for which advice is sought or required;

(7) "practice of public accounting" means the offering to perform or the performance by a person holding a certified public accountant certificate or a public accountant license or a firm registered with the board, for a client or potential client, of a service involving the use of accounting or auditing skills; accounting or auditing skills include preparing financial statements, issuing reports on financial statements, furnishing of management, financial advisory, or consulting services, preparing tax returns, or advising or consulting on tax matters;

(8) repealed 2/2/94;

(9) "statement" means a financial statement;

(10) "conditional credit" means credit for subjects which the candidate has successfully passed and will not be required to repeat;

(11) "attest function" means the ordinary examination of financial statements by a certified public accountant or public accountant, which results in a report which expresses the accountant's opinion or the disclaimer of an opinion on the fairness with which the financial statement presents financial position, results of operations, and changes in financial position in conformity with generally accepted accounting principles;

(12) "good moral character" means no incident of a dishonest or felonious act within the five years prior to submitting an application;

(13) "United States licensing jurisdiction" means a state, territory, or commonwealth of the United States.

History: Eff. 9/9/72, Register 43; am 2/10/78, Register 64; am 8/3/79, Register 70; am 1/27/81, Register 78; am 4/22/83, Register 86; am 11/9/85, Register 96; am 8/18/90, Register 115; am 2/2/94, Register 129; am 2/14/99, Register 149

Authority: AS 08.04.070

AS 08.04.110

AS 08.04.120

AS 08.04.130

AS 08.04.150

AS 08.04.425

AS 08.04.680

Editor's note: Effective 11/9/85, Register 96, 12 AAC 04.290 was renumbered as 12 AAC 04.990. The history note for the renumbered section includes its history before the renumbering.

As of Register 171 (October 2004), the regulations attorney made technical revisions under AS\n 44.62.125(b)(6) to reflect the name change of the Department of Community and Economic Development to the Department of Commerce, Community, and Economic Development made by ch. 47, SLA 2004 and the corresponding title change of the commissioner of community and economic development.

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Last modified 7/05/2006