Person Associated with a Public Accounting Firm Law and Legal Definition
According to 15 USCS § 7201 (9), [Title 15. Commerce and Trade; Chapter 98. Public Company Accounting Reform and Corporate Responsibility]
“(A) In general. The terms "person associated with a public accounting firm" (or with a "registered public accounting firm") and "associated person of a public accounting firm" (or of a "registered public accounting firm") mean any individual proprietor, partner, shareholder, principal, accountant, or other professional employee of a public accounting firm, or any other independent contractor or entity that, in connection with the preparation or issuance of any audit report--
(i) shares in the profits of, or receives compensation in any other form from, that firm; or
(ii) participates as agent or otherwise on behalf of such accounting firm in any activity of that firm.
(B) Exemption authority. The Board may, by rule, exempt persons engaged only in ministerial tasks from the definition in subparagraph (A), to the extent that the Board determines that any such exemption is consistent with the purposes of this Act, the public interest, or the protection of investors.”
Legal Definition list
- Person Associated With a Nationally Recognized Statistical Rating Organization
- Person Associated With a Municipal Securities Dealer
- Person Associated With a Government Securities Broker
- Person Acting as a Parent
- Person [Patents]
- Person Associated with a Public Accounting Firm
- Person Associated With a Security Based Swap Dealer
- Person Entitled to Enforce an Instrument
- Person Entitled to Priority Consideration [Civil Service Regulations]
- Person Holding a Casino Interest
- Person Indemnified
