Question
Some CPAs and non-CPAs form a partnership to practice public accounting. Which, if any, of the following would be permitted or required by the AICPA
Some CPAs and non-CPAs form a partnership to practice public accounting. Which, if any, of the following would be permitted or required by the AICPA for such a Partnership?
A) A non-CPA banker who will be an ownerwill not be actively engaged in the practice. He is providing the financiang to get the partnership formed and operating.
B) Non-CPA owners, others than the banker, who are actively engaged as members of the firm would have to complete the same number of work-related CPE requirements as the CPA members.
C) Non-CPA owners could have the title 'Partner'.
D) All of the above would be permitted or required by the AICPA.
E) None of the above would be permitted or required by the AICPA.
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