CPA North Carolina.com : Facts

The following information on CPA can be very helpful and provides general answers to many of your CPA questions:

Commission means any item of value given or received by a licensee to or from any third party in return for suggesting the purchase of any product or service.
A licensee who is not prohibited from receiving a commission and who is paid or expects to be paid a commission shall disclose that fact, in writing, to any person or entity to whom the licensee recommends or refers a product or service to which the commission relates.
A licensee who accepts a fee for recommending or referring any service of another licensee to any person or entity or who pays a fee to obtain a client shall disclose, in writing, the receipt or payment of the fee to the client.
A certified public accountant may practice public accountancy only in a proprietorship, partnership, professional corporation, business corporation, limited liability partnership, or limited liability company.
A fictitious firm name is any firm name that does not consist of the names of one or more present or former owners of the firm. A firm may not use a fictitious firm name unless such name has been registered with and approved by the Board as not being false or misleading.
A certified public accountant shall not knowingly misrepresent facts, and when engaged in the practice of public accounting, including the rendering of tax, management advisory, or other financial services, shall not subordinate his or her judgment to others.
A certified public accountant shall not permit the licensee's name to be used in conjunction with any forecast of future transactions in a manner which may lead to the belief that the certified public accountant vouches for the achievability of the forecast.
Fees shall not be considered as contingent in tax matters if determined based on the results of judicial proceedings or the findings of governmental agencies.
Certified Public Accountants may provide information to the public by advertising as long as the advertisment is not false, deceptive or misleading. It cannot create false or unjustified expectations of favorable results. Nor can the Advertisments imply the ability to influence improperly any court tribunal or regulatory agency or fail to disclose all variables and other relevant factors for soliciting professional engagements.