Alaska Admin. Code tit. 12, § 04.990 – Definitions

In this chapter

(1) "accountant" means a person who holds
1. (A) a license under AS 08.04.105 or 08.04.195;
2. (B) a permit under AS 08.04.240;
3. (C) an out-of-state practice privilege under AS 08.04.420; or
4. (D) repealed 4/12/2024
(2) "board" means the Board of Public Accountancy;
(3) "department" means the Department of Commerce, Community, and Economic Development;
(4) repealed 5/28/81;
(5) "financial statement" includes a statement of position, a statement of operations, a statement of change in equity and notes, a balance sheet, an income statement, a statement of cash flows, a statement of assets and liabilities, and any other statement that purports to represent a statement of position or operation;
(6) "opinion" means a written conclusion, based on the use of expert knowledge in accounting and auditing, in matters for which advice is sought or required;
(7) repealed 1/1/2008;
(8) repealed 2/2/94;
(9) "statement" means a financial statement;
(10) "conditional credit" means credit for subjects which the candidate has successfully passed and will not be required to repeat;
(11) "attest function" means the financial statement services described in 12 AAC 04.038;
(12) "good moral character" means the absence of conduct that would cause a reasonable person to have substantial doubts about an individual's honesty, fairness, and respect for the rights of others and for the laws of this state and the United States, including
1. (A) illegal conduct;
2. (B) conduct involving dishonesty, fraud, deceit, or misrepresentation, including misconduct in the licensing application process; and
3. (C) conduct that adversely reflects on the individual's fitness to perform as an accountant or ability to comply with the requirements of AS 08.04 and this chapter;
(13) repealed 1/1/2008;
(14) "engagement" means an agreement between a client and a licensee regarding the performance of professional services and the services performed under the agreement;
(15) "reasonable cause or excusable neglect" includes
1. (A) chronic illness;
2. (B) military service; and
3. (C) other extenuating circumstances, as found by the board;
(16) "state" includes the territories listed in the definition of "state" in AS 08.04.680.

(Eff. 9/9/72, Register 43; am 2/10/78, Register 64; am 8/3/79, Register 70; am 1/27/81, Register 78; am 4/22/83, Register 86; am 11/9/85, Register 96; am 8/18/90, Register 115; am 2/2/94, Register 129; am 2/14/99, Register 149; am 1/1/2008, Register 184; readopt 12/25/2015, Register 216; am 4/12/2024, Register 250)

Authority: AS 08.04.070, AS 08.04.130, AS 08.04.680, AS 08.04.110, AS 08.04.150, AS 08.04.120, AS 08.04.425