Public Accounting Firm Law and Legal Definition

According to 15 USCS § 7201 (11), [Title 15. Commerce and Trade; Chapter 98. Public Company Accounting Reform and Corporate Responsibility] the term public accounting firm means--

“(A) a proprietorship, partnership, incorporated association, corporation, limited liability company, limited liability partnership, or other legal entity that is engaged in the practice of public accounting or preparing or issuing audit reports; and

(B) to the extent so designated by the rules of the Board, any associated person of any entity described in subparagraph (A).”