Substantial equivalency refers to
A) An auditor's tendency not to believe management's assertions without sufficient corroboration.
B) Providing consulting work for another firm's audit client in exchange for the other firm's providing consulting services to one of your clients.
C) The waiving of certification exam parts for an individual holding an equivalent certification from another professional organization.
D) Permitting a CPA to practice in another state without having to obtain a license in that state.

Question

Quizplus · Accepted Answer

Substantial equivalency allows a CPA to practice in another state without obtaining a separate license, based on the recognition of their qualifications being equivalent to the requirements of that state.

Substantial Equivalency Refers to