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The Texas State Board of Public Accountancy (Board) proposes the following changes to the rules:
- 501.81 concerning Firm Licensing
CPAs providing accounting services in a non-licensed firm may use their CPA designation so long as they provide the disclaimer that the firm they are practicing in is not a CPA firm. The proposed revision reduces the location of the disclaimer and the font size of the disclaimer. - 515.8 concerning Retired or Disability Status
The proposed revised language clarifies that a faculty member of an educational institution providing accounting services to the public is associated with accounting services and therefore does not qualify for the CPA retired status. - 518.5 concerning Unlicensed Entities
Eliminates the font size and locations of the disclaimer advising the public that the licensed CPA is providing accounting services in a non-licensed firm. - 523.113 concerning Exemptions from CPE
Section 901.003(c)(2) of the Public Accountancy Act provides that faculty members of an educational institution, are not in the practice of public accountancy when they are performing duties as a faculty member. They may refer to themselves as a CPA if they are in fact a CPA of another state without the need for an individual license or firm license and are not required to obtain continuing professional education.