Practice of Public Accounting, Defined.
Section 24
SEC. 24. Practice of Public Accounting, Defined.—A person is deemed to be engaged in the practice of public accounting, if (1) he holds himself out to the public as one skilled in the knowledge, science and practice of accounting and as qualified to render professional services as a certified public accountant; or (2) he offers and/or renders to more than one client on a fee basis or otherwise, such services as the audit or verification of financial transactions and accounting records; the preparation, signing or certification for clients of reports of audits, balance sheets and other financial, accounting and related schedules, exhibits, statements or reports which are to used for publication or for credit purposes, or to be filed with a court or government agency or to be used for any other purpose; installation and revision of accounting systems; the preparation of income tax returns (when related to accounting procedures) ; (3) he represents clients before governmental agencies on tax matters related to accounting; and (4) he renders professional assistance in matters relating to accounting procedure and the recording and presentation of financial facts or data.