Qualified Independent Public Accountant Law and Legal Definition

According to 32 CFR 3.4, (Title 32 - National Defense; Subtitle A - Department Of Defense, Chapter I - Office Of The Secretary Of Defense; Subchapter A – Acquisition; Part 3 -Transactions Other Than Contracts, Grants, Or Cooperative Agreements For Prototype Projects), a Qualified Independent Public Accountant means “an accountant that is licensed or works for a firm that is licensed in the state or other political jurisdiction where they operate their professional practice and comply with the applicable provisions of the public accountancy law and rules of the jurisdiction where the audit is being conducted.”