District of Columbia Administrative Code

2512 CODE OF PROFESSIONAL CONDUCT: RESPONSIBILITIES TO CLIENTS 2512.1 A licensee shall not disclose, without the consent of his or her client, any confidential information pertaining to the client that the licensee obtained in the course of performing professional services. 2512.…

2513 CODE OF PROFESSIONAL CONDUCT: OTHER RESPONSIBILITIES AND PRACTICES 2513.1 A licensee shall not commit any acts of dishonesty, fraud, or falsification of records that reflect adversely on his or her moral fitness to engage in the practice of certified public accounting. 2513.…

2514 EXCEPTIONS AND SAFE HARBOR LANGUAGE 2514.1 Non-licensees may use the following safe harbor language as a disclaimer in connection with financial statements to avoid violating these regulations and the Act: (a) “I (We) have prepared the accompanying (financial statements) of …

2515 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2516 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2517 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2518 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2519 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2520 DENIAL, SUSPENSION, AND REVOCATION OF LICENSES 2520.1 Each applicant for examination, and each applicant for or holder of a license, shall be given notice and an opportunity for a hearing by the Board before the Board takes any action that would have one (1) or more of the f…

2521 FAILURE TO REQUEST A HEARING 2521.1 If the person concerned does not mail a request for a hearing within twenty (20) days after the Board served the notice of hearing, the Board may take the action proposed in the notice, without a hearing. 2521.2 Within ninety (90) days of …

2522 SERVICE OF NOTICES 2522.1 Any notice required by § 2520 or § 2524.1 may be served either personally by the Director or by certified mail, return receipt requested, directed to the person concerned at his or her last known residence or business address as shown by the records…

2523 FAILURE TO APPEAR 2523.1 If a person who requested a hearing does not appear and no continuance has been requested or is granted, the Board may hear the evidence of the witnesses who appear. 2523.2 The Board also may proceed to consider the matter and render a decision based…

2524 HEARING PROCEDURES 2524.1 If the person concerned mails a request for a hearing as required in § 2520, the Board shall, within twenty (20) days following receipt of a request, notify the person concerned of the time and place of the hearing. 2524.2 The Board shall hold the h…

2525 HEARINGS: POWERS OF THE BOARD 2525.1 In connection with any hearing held pursuant to this chapter, the Board shall have the following powers: (a) To request that counsel from the Office of the Corporation Counsel represent the District in any case before the Board; (b) To ad…

2526 RECORD OF HEARING 2526.1 In all hearings conducted under this chapter, a complete record shall be made of all evidence presented during the course of the hearing. 2526.2 Parties to the proceedings and the public may obtain a copy of the record after paying the fee establishe…

2527 EVIDENCE AND BURDEN OF PROOF 2527.1 In all proceedings held by the Board, the Board shall receive and consider any evidence or testimony. However, the Board may exclude incompetent, irrelevant, immaterial, or unduly repetitious evidence or testimony. 2527.2 In any Board proc…

2528 FINDINGS AND DECISIONS 2528.1 The members of the Board who conduct the hearing shall render their decision, in writing, as soon as practicable, but no later than ninety (90) days after the date that the hearing is completed. 2528.2 The decision of the Board shall contain the…

2529 REOPENING OF HEARING PROCEEDINGS 2529.1 If, because of accident, sickness, or other good cause, a person fails to receive a hearing or fails to appear for a hearing that he or she requested, the person may, within thirty (30) days from the date of the decision of the Board, …

2530 CONTINUING EDUCATION: REQUIREMENTS FOR CERTIFIED PUBLIC ACCOUNTANTS HOLDING PERMITS TO PRACTICE 2530.1 A licensee seeking biennial renewal of a license shall provide proof of having completed no less than eighty (80) hours of acceptable continuing professional education duri…

2531 CONTINUING EDUCATION: ACCEPTABLE CONTINUING PROFESSIONAL PROGRAMS 2531.1 Unless a program qualifies for an exemption from the requirements of this subsection, the Board shall only approve a program as acceptable for continuing professional education (CPE) credit if NASBA lis…

2532 CONTINUING EDUCATION: REPORTING 2532.1 The renewal application for a license shall include a signed statement indicating the continuing professional education programs for which credit is requested and which shall include the following information: (a) The name of the sponso…

2533 CONTINUING EDUCATION: ADVISORY COMMITTEE 2533.1 The Board may appoint an Advisory Committee on continuing education. 2533.2 Members of the Advisory Committee may be certified public accountants licensed under the Acts or may be educators or users of financial statements. SOU…

2534 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2535 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2536 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2537 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2538 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2539 [RESERVED] SOURCE: Final Rulemaking published at 51 DCR 4401 (April 30, 2004).

2540 PARTNERSHIP AND CORPORATE PRACTICE: PROFESSIONAL RELATIONSHIP RESPONSIBILITIES AND CONDUCT 2540.1 Nothing in §§ 2540 to 2547 relating to accountancy partnerships and corporations shall alter the duties and responsibilities of a licensed person or the person’s professional re…

2541 PARTNERSHIP AND CORPORATE PRACTICE: APPLICATION FOR PERMIT 2541.1 Within thirty (30) days of the effective date of §§ 2540 to 2547, every sole proprietor, partnership, or corporation practicing public accountancy in the District of Columbia not holding a permit shall file an…

2542 PARTNERSHIP AND CORPORATE PRACTICE: REQUIREMENTS TO PRACTICE IN THE DISTRICT 2542.1 No sole proprietorship, partnership, limited partnership, limited liability partnership, or professional corporation shall hold itself out as engaged in certified public accounting, nor shall…

2543 PARTNERSHIP AND CORPORATE PRACTICE: OWNERSHIP AND TRANSFER OF SHARES IN A PROFESSIONAL CORPORATION 2543.1 The shares of an accountancy corporation shall only be held by the following: (a) The Corporation; (b) An individual who either: (1) Holds a certified public accountant’…

2544 PARTNERSHIP AND CORPORATE PRACTICE: NAME USAGE 2544.1 A permit holder shall not render professional services using a name other than that which is stated in its license or in its partnership or corporation registration. SOURCE: Final Rulemaking published at 51 DCR 4401 (Apri…

2545 PARTNERSHIP AND CORPORATE PRACTICE: CLAIMS AGAINST ACCOUNTANCY PARTNERSHIPS OR CORPORATIONS 2545.1 Liability for claims against an accountancy corporation, or against any individual rendering professional service on behalf of such corporation, shall be determined in accordan…

2546 PARTNERSHIP AND CORPORATE PRACTICE: NONRESIDENT (FOREIGN) PRACTITIONER 2546.1 Except as provided in § 2546.2, every nonresident partnership or corporation that engages in the practice of public accountancy in the District of Columbia, shall comply with the requirements of th…

2547 PARTNERSHIP AND CORPORATE PRACTICE: TERM AND RENEWAL OF PERMIT 2547.1 A permit issued under § 2542 shall expire on December 31 of each even-numbered year. 2547.2 Every permit holder shall be required to file a renewal application on or before the expiration of the current pe…

2548 PEER REVIEW REQUIREMENT 2548.1 All CPA firms that perform audits, reviews, compilations, or any engagements governed by the Statements on Standards for Attestation Engagements (SSAE), Statements on Auditing Standards (SAS), or Statements on Standards for Accounting and Revie…

2549 SPONSORING ORGANIZATIONS 2549.1 Each sponsoring organization administering a peer review program must have standards of review that are equivalent to or better than the “Standards for Performing and Reporting on Peer Reviews” of the AICPA. The AICPA and other entities fully …

2550 PEER REVIEW REQUIREMENTS FOR APPLICANTS FOR INITIAL FIRM LICENSURE 2550.1 If a firm applies to receive an initial license, it shall advise the Board if it performs any engagements that are subject to peer review in accordance with § 2548. A firm that indicates it will perfor…

2551 PEER REVIEW REQUIREMENTS FOR CURRENT LICENSEES 2551.1 The Board shall determine if a firm with a current license is required to be enrolled in a peer review program pursuant to § 2548. 2551.2 If the Board determines that a firm is required to be enrolled in a peer review pro…

2552 PAPER REPORTS 2552.1 Except as provided in § 2554, when a firm receives a peer review program report, the firm shall provide the Board with a copy of the report within fifteen (15) business days of receiving that report. 2552.2 If the report is classified as pass or unmodifi…

2553 ELECTRONIC SUBMISSION OF PEER REVIEW REPORTS TO THE BOARD 2553.1 In lieu of submitting a hard copy of a peer review report and all accompanying documents, a firm manager may notify the Board that the documents requested can be viewed and downloaded at the website of the spon…

2554 EXTENSION OF TIME TO SUBMIT PEER RVIEW REPORT 2554.1 Sponsoring organizations may grant an extension of time to a firm to complete the peer review program process. 2554.2 If a firm is granted an extension of time, the firm shall immediately submit to the Board a copy of a le…

2555 EXEMPTION FROM PEER REVIEW 2555.1 If a firm’s sole practice is the preparation of compiled financial statements for management use only in accordance with SSARS No. 8, the firm shall be exempted from the peer review program requirement. SOURCE: Notice of Final Rulemaking pub…

2556 ETHICAL DUTIES OF PEER REVIEWERS 2556.1 A peer reviewer shall be independent of the reviewed CPA firm and shall comply with the AICPA Standards for Performing and Reporting on Peer Reviews. 2556.2 Any information obtained as a consequence of the peer review concerning a part…

2599 DEFINITIONS 2599.1 As used in this chapter, the following terms and phrases shall have the meanings ascribed: Act - Non-Health Related Occupations and Professions Licensure Act of 1998 (D.C. Law 12-261; Official Code § 47-2853.01 et seq. (2001)). AICPA - the American Institu…

2600 BOARD OF REAL ESTATE 2600.1 This chapter is adopted by the D.C. Board of Real Estate to protect the public against incompetence, fraud, and deception in real estate transactions. 2600.2 The Board of Real Estate (hereinafter referred to as the "Board"), established by the Sec…

2601 LICENSURE OF REAL ESTATE BROKERS 2601.1 Every applicant for a real estate broker license shall apply for the license in writing upon an application prescribed and provided by the Commission. If the applicant is an individual, the applicant shall include a business and a home…

2602 LICENSURE OF REAL ESTATE SALESPERSONS 2602.1 Every applicant for a license shall apply for a salesperson license in writing upon an application prescribed and provided by the Board. The applicant shall include a business and a home addresses, which cannot be a post office bo…

2603 LICENSURE OF PROPERTY MANAGERS 2603.1 An applicant for licensure as a property manager shall do the following: (a) Furnish evidence of having satisfactorily completed an examination approved by the Board; (b) Submit a completed application on a prescribed form; (c) Include t…