The following are answers to some frequently asked questions received by the Department of Safety and Professional Services. These questions and answers are general in nature and are provided as a public service. Licensees and applicants with specific questions should refer to the Wisconsin statutes and administrative code provisions which govern their profession. In any instance in which an answer may differ from the provisions of the statutes and administrative code provisions, the latter will govern.
When is a CPA not required to practice accounting?
Wis. Stat. § 442.025 states that a CPA certificate is not required for:
- Persons employed by a licensed public accountant or a licensed firm to serve as accountants if certain conditions are met. Please see the statute for more information.
- Practicing attorneys who render accounting services in connection with their professional work,
- People employed by more than one person for the purpose of keeping books, making trial balances, or statements, and preparing reports, if certain conditions are met. Please see statute for more information.
- A person who's principal place of business or residence is not within the state, if certain conditions are met. Please see statute for more information.
- A person who performs services or duties involving the use of accounting skills, including management advisory services, the preparation of tax returns, and the preparation of financial statements without issuing reports on the statements.
- A person who prepares financial statements and issues information thereon that does not purport to be in compliance with the statement on standards for accounting review services issued by the American Institute of Certified Public Accountants.