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(225 ILCS 450/8.05) (Section scheduled to be repealed on January 1, 2029) Sec. 8.05. Accountancy activities. (a) Accountancy activities are services performed by a CPA, including: (1) signing, affixing, or associating the names used |
| by a person or CPA firm to any report expressing an assurance on a financial statement or disclaiming an opinion on a financial statement based on an audit or examination of that statement or to express assurance on a financial statement;
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(2) other attestation engagements not otherwise
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| defined in paragraph (1); or
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(3) offering to perform or performing one or more
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| types of the following services involving the use of professional skills or competencies: accounting, management, financial or consulting services, compilations, internal audit, preparation of tax returns, furnishing advice on tax matters, bookkeeping, or representations of taxpayers; this includes the teaching of any of these areas at the college or university level.
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(b) If offering or performing accountancy activities using the CPA title set forth in paragraphs (1), (2), and (3) of subsection (a) of this Section, then:
(1) the activities identified in paragraph (1) of
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| subsection (a) may only be performed by licensed CPAs;
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(2) the activities identified in paragraph (2) of
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| subsection (a) may only be performed by licensed or registered CPAs; and
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(3) the activities identified in paragraph (3) of
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| subsection (a) are not restricted to licensed or registered CPAs, subject to the provisions of Section 9 of this Act.
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(Source: P.A. 98-254, eff. 8-9-13; 98-730, eff. 1-1-15.)
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