Which of the following bodies ordinarily would have the authority to suspend or revoke a CPA's license to practice public accounting?
A)The SEC.
B)The AICPA.
C)A state CPA society.
D)A state board of accountancy.

Question

Quizplus · Accepted Answer

A state board of accountancy is typically the only body authorized to suspend or revoke a CPA's license to practice public accounting, as they have regulatory authority over the licensing and regulation of CPAs within their state. The SEC has regulatory authority over financial reporting for publicly traded companies, but they do not have the authority to suspend or revoke CPA licenses. The AICPA is a professional organization for CPAs, but they do not have regulatory authority. State CPA societies are also professional organizations that provide support and resources for CPAs, but they do not have regulatory authority over licensing.

Which of the Following Bodies Ordinarily Would Have the Authority