21 N.C. Admin. Code 8J.0111

Current through Register Vol. 39, No. 9, November 1, 2024

Section 08J .0111 - COMPLIANCE WITH CPA FIRM REGISTRATION

If a CPA firm fails to comply with any part of Rule .0108 or Rule .0110 of this Section, and continues to offer or render services, the Board may take disciplinary action against the CPA firm's members. As set forth in G.S. 93-12(9)(e), disciplinary action may include:

(1) one hundred dollars ($100.00) civil penalty for non-compliance of less than 60 days;

(2) two hundred dollars ($200.00) civil penalty for non-compliance in excess of 60 days but not more than 120 days;

(3) five hundred dollars ($500.00) civil penalty for each member for non-compliance in excess of 120 days.

21 N.C. Admin. Code 08J .0111

Authority G.S. 55B-12; 57D-2-02; 59-84.2; 93-12(8c); 93-12(9);
Eff. April 1, 1994;
Amended Eff. February 1, 2011; January 1, 2004; April 1, 1999;
Readopted Eff. February 1, 2016.

Authority G.S. 55B-12; 57-2-01; 59-84.2; 93-12(8c); 93-12(9);
Eff. April 1, 1994;
Amended Eff. February 1, 2011; January 1, 2004; April 1, 1999.

Amended by North Carolina Register Volume 30, Issue 17, March 1, 2016 effective 2/1/2016.