American Institute of Certified Public Accountants (AICPA) Practice Exam

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True or False: The State society of CPAs can suspend or remove a CPA's license.

True
False
Only if the CPA agrees
Depends on the severity of the issue

The correct answer is: False

The correct stance regarding whether the State society of CPAs can suspend or remove a CPA's license is based on the functions and authority of the state boards of accountancy rather than the society itself. State societies of CPAs typically focus on the professional development and advocacy for accounting professionals but do not have the jurisdiction to revoke or suspend licenses. That authority is vested in the state boards of accountancy, which can impose disciplinary actions, including the suspension or revocation of a CPA's license for various violations, such as unethical conduct or failure to meet continuing education requirements. While the state society can recommend actions or provide support in the disciplinary processes, it does not have the legal power to enact license suspensions or removals independently.