Oracles of the Niche

Bum Cleaning and The Oracles of the” Niche” – A Fable, Origins of Bum Cleaning

And Regulatory Compliance and Taxes For Accountants

All Rolled Up Like Two Week Old Sushi

[Note: The content of this story is loosely based upon reality with some additions to make it less boring. No conclusions are reached by the author, everyone is free to reach their own conclusions. All information came from sources in the public domain.]

The Oracles of the Niche [“OON”] have spoken, the Uniform Certified Public Accountant [“CPA”] credential has been declared irrelevant and meaningless. The OON has decreed that the new professional credential for Cloud Accountants with be Absolutely Brilliant Consigliore hereafter to be referred to as “ABC”^[1]. The announcement was made by Just Brilliant “JB” who was anointed by OON as Supreme ABC, the showboating Grand Pulbah of Disruption [“GPD^[2]”] and Magical Wizard “MW”^[3]. 

JB is shown in the middle of performing the “disruption dance” which is part of his secret “shtick” by he creates the illusion of having a clue with respect to what he is doing. We will come back to JB in a bit. He is a citizen of the Country of Oz and resides in the State of Panic. The other state in the country of Oz include Panic, Chaos, Misery and Turmoil. 

We now return to the history and origins of the OON which is a necessary starting point if we are fully comprehend the anthropological factors which created the conditions that precipitated the decline of the CPA’s and provided the conditions which permitted the OON to impose the ABC on the business community in Oz.

Our story begins on the Island of Bogan which we are told is a remote island across the Ditch from its larger sister the Island of Coconut.

The native tribes of Bogan, the Bundys, Ranga, Westies and Gruds had lived in peace on Bogan for hundreds of years before they were conquered by the Roo Rooters and Shackle Draggers who had been expelled by force from Coconut by the Brit Slaves and the CCC’s [the other two tribes that inhabited the Island of Coconut. Which brings us to the introduction of RD^[4] dominantly inhabited by Roo Rooters. The community sustained itself primarily engaging in the l occupations which were, you guessed it Roo Rooting and Small Mammal Rogering [we will spare from the video]. RD was relatively brilliant by Roo Rooter standards so he was sent to University across the Ditch to Coconut where he quickly earns his degree BSM [Hons].^[5] As is turns out, which most of the residents of Coconut revere. However, Roo Rooting was skill that Roo Rooter young men learned from an early age.

RD become despondent at his lack of success as a BSM professional, so out desperation, he applied to the Bogan Institute of Aboriginal Bum Cleaners [“BIABC”] to enter practical training to become and Oracle of Aboriginal Bum Cleaning [“OABC”]. RD was lucky and accepted to undertake practical training with the firm of Longdrop and Clayton.

Its important to keep in mind that the time on the Island of Bogan, a substantial portion of the population lacked indoor plumbing, and consequently has horrible bum hygiene. As as result, much of the population was required to have weekly visit to an MBC or Manual Bum Cleaner who lacking the ability to afford modern technology or understand the methods would clean a customer’s bum manually to remove dingle berries with a toothbrush and single edged razor blade, a highly tedious and laborious process. Most MBC never attend school, didn’t know how to read, and learned their craft through a nine-year apprenticeship. As a point of clarification, in Oz MBCs are referred to as “bookkeepers” which don’t nearly the respect and recognition in OZ where due to brighter population and broad adoption of technology almost everyone owns an Ultrasonic Super Battery powered Bum Cleaner [“USBBC”]. A USBBC enables the average individual to clean their own bum and avoid weekly visits to the MBC.

The predominant vendor of USBBC’s in the land of Oz at the time was Intoit which had been primarily a manufacturer of cheap wooden and latex sex toys before their founder created Quick Bum Desktop [“QBD”], the first practical and affordable bum cleaner that could be used at home. Gradually, Intoit had followed the acceleration in technology and introduced QuickBum Online “QBO”] a crude but effective cloud based bum cleaner. Soon after, Intoit’s QBD had locked up the computer based bum cleaning market in Oz and the lack of completion has caused Intoit to become fat and lazy and the pace of development for QBO languished.

The AICPA had been focused on traditional accounting and auditing and initially failed to focus on the the importance of bum cleaning in the small and medium sized bum “SMB” space. The current generation of Oracles led by:

• Dookie Sleezer [“DS”], a crafty salesman who had never cleaned a bum in his life but had watched numerous bum cleanings.
• Junior Wanker [“JW’], the bum cleaner’s thought leader.

At the same time, RD had perfected Cloud Bum Cleaner [“CBC”] which was simple yet elegant bum cleaning solution that by passed desktop computers and designed to be deployed form the cloud. CBC was an instant hit and is eighteen months became the dominant method of bum cleaning on the Island of Bogan. The CBC phenomenon quickly “jumped the Trench” and became the rage of the Island of Coconut…almost overnight after 200 years of a stone aged existence, the Roo Rooters, Shackle Draggers, Aboriginals and other tribes of Coconut discovered how much better quality of life is without a dirty bum. [We will come back to the bum cleaning environment on Coconut at a later point.

In the blink of an eye, CBC was introduced in Limeyland where the population had always valued a clean bum and had abused the French for decades for not caring about having a foul smelling crusty bum. CBC swiftly gained a foothold in Limeyland and began to grow. We will come back to Limeyland at a future point. The adventure quickly returns to the land of Oz where CBC had begun looking for a location to establish a beachhead.

CBC made some contacts and connected with several of the Oracles who pointed to the City of Smelly Fingers [“SF”] in the State of Chaos which was the single city in the Land of Oz that was completely transfixed by everything BUM…bum cleaning, bum lubrication, bum stimulation, bum storage, community bums, bum workouts, it was natural. CBC slipped into Intoit’s own bum before they knew what hit them. Just Smelly [“JS”] joined CBC early on, perhaps due to his own penchant for Roo Rooting, and became the head of the US operations for CBC. Soon thereafter Anus Venter, herself a CPA joined CBC to head the US Bum Cleaning Education operations [we continue to be mystified how anyone with a foul smelling bum, it is the bum the stinks right?] could be qualified for that position, perhaps an aggressive Roo Rooting would help].

Meanwhile, back in the State of Turmoil,

• Cheesy CPA and Harmless CPA had formed Harmless Cheesy & Company I, LLC [“HC1, LLC”] in July 2000.The Turmoil SOS Registration number for HC1, LLC is XXX5714

• Cheesy CPA and Harmless CPA are both licensed as CPA’s by the State of Turmoil. HC1, LLC has been and is registered and licensed as a CPA firm in the State of Turmoil since 2000. The Turmoil Registration for

• Cheesy CPA and Harmless CPA formed Harmless Cheesy Services I, LLC [“HCS1, LLC] in December 2008. The Turmoil Registration for HCS1, LLC is XXXX2307.

• Cheesy CPA and Harmless CPA and formed Harmless Cheesy Acquisition Partnership, LLC [“HCAP, LLC”] on The Turmoil SOS Registration for LLC is XXXX0156.

• Cheesy CPA and Harmless CPA and formed Harmless & Company, LLC [‘H, LLC”] in the State of Turmoil in April 2014. The Turmoil SOS Registration for HCLLC is XXXX7069.

• Cheesy CPA and Harmless CPA formed Harmless Cheesy Services II, LLC [“HCS2, LLC” in the State of Turmoil in March 2015. The Turmoil SOS Registration for HCS2, LLC is XXXX2367.

• Cheesy CPA formed CPC Technology Group, LLC [“CPCTG,LLC” in June 2015 in Turmoil. The Turmoil SOS Registration for CPTTG, LLC is XXXX2451

	Turmoil SOS	Status	Chaos SOS	Active 2015	Lic. CPA Firm	Lic GA CPA
Harmless CPA					XXXXX3913	X
Cheesy CPA					XXXXX3367	X
HC1, LLC	5714	07/2000		X	X- XXXXX4530
HCS1, LLC	2307	Dissolved		NO
HCAP, LLC	0256	Dissolved		NO
H, LLC	7069	04/2014		X	X -XXXXX6209	X
CPCTG, LLC	2451			X
CA	None	03/2013	0641	X
HCS2, LLC	2367	12/2008		X

Another enterprising businessman, Mr. Barn Odor [“BO”] has completed a degree in some kind a flute music the state of Misery and had relocated from the State of Misery to the State of Chaos in the City of Lala Land. BO was working days as an MBC which studying professional bum cleaning and LaLa University. BO was introduced to CBC and quickly became a very successful CBC bum cleaning consultant. He former Cleaner Anus, LLC [“CA”] in the State of Chaos. The Chaos SOS Registration is XXXXXXXX0641

Finally, let’s stipulate and summarize:

• Cheesy and Harmless are licensed CPA’s in the State of Turmoil.
• Cheesy and Harmless are NOT licensed, nor do they show up with practice permits in the states of Chaos, Misery, Panic, Confusion or Despair.
• H, LLC and HC1, LLC are licensed CPA firms in the State of Turmoil.
• H, LLC and HC1, LLC are not licensed in any other states.

Asslanta [“Ass”] and SF based bum cleaning and advisory firm HPC [formerly “Harmless Potentially Cheesy”] is pleased to announce its acquisition of CA] a premier provider of cloud integration and online bum cleaning services with offices in LaLa Land [“LA”], Shitcago [“Shit”] in the State of Misery, and the City of Bunghole in the State of Panic. The acquisition will be effective July 1, 2015.

HPC, a CPA firm founded nearly 25 years ago, is a leading global provider of accounting and advisory services on the CBC accounting platform and add-on ecosystem. A CBC Platinum Partner, HPC offers clients a full back-office solution with staff who can fill needs from bookkeeper to controller to virtual CFO. From business consulting to tax planning and all forms of tax compliance, HPC has client accounting and tax needs covered.

In its first three years, CA has successfully grown to hundreds of clients and 12 team members. CA has been able to achieve this tremendous growth rate by focusing on two services clients want from their CPA but aren’t getting—accounting technology support and business process optimization. As a CBC Platinum Partner, CA leads the field of online bookkeeping firms in the OZ

In the acquisition, HPC adds 10 experienced staff on the CBC platform. The acquisition of CA will enable HPC to accelerate its expansion of service offerings into the burgeoning field of cloud integration consulting, which seeks to match clients with the optimal cloud technology solutions to elevate their business processes for accounting and beyond. In addition to the current locations, HPC will be expanding its capabilities to provide virtual back-office solutions to small businesses across the OZ and globally

BO, co-founder and CEO of CA, joins the HPC team as Director of Technology & Marketing.

“I’m excited to be joining HPC because as a larger team, we can provide a truly comprehensive technology and accounting solution to our clients”, says BO. “HPC is the leading CPA firm in the cloud accounting space. And CA is one of the top bookkeeping firms. Together, we’ll be able to provide the best full-service solution to our clients.”

“What BO has accomplished with CA in a short period of time is very impressive”, says Cheesy CPA, managing director & CEO of HPC. “We are incredibly excited to be able to add such a high caliber individual to our growing team. The addition of Blake and his team will allow HPC to really up the ante in providing truly unmatched business technology solutions both in the OZ and globally”.

The activities of CPA’s and presumably ABC’s in the Land of Oz related to tax matters is regulated by the Eternal Active Revenue Service [ “EARS”] through its Ontological-Proctological-Rectal Inspection [ “OPRI”] office

Questions:

1. Assuming that the HPC referred in the press release on [green text] is correct and the HPC referred to is ANY one of the entities other than CA, what are its obligations as a foreign corporation due to the acquisition of CA in the year of acquisition and for subsequent years [assuming that it it treated as a partnership for Oz and Chaos [for purposes of responding to the question, you can assume that the applicable tax laws of the United States are the same as Oz, and California is the same as Chaos for Secretary of State and CA FTB purposes be?

2. What would the business and tax registration and filing obligations be for the Cites of LaLa and SF be?

3. What would the individual tax filing obligations be for Cheesy and Harmless assuming that the SF office was deemed to be a place of business with nexus for HPC?

4. Assuming that the HPC referred to in the Green text is either H, LLC or HC1, LLC what are the registration and reporting obligations of the entities under the Chaos CPA statute which is an Appendix to this document

5. Continuing Question 4, what are the registration and reporting obligations to Cheesy and Harmless? 

6. What are the potential sanctions to Cheesy and Harmless under the Chaos Accountancy Act?

7. If Cheesy and Harmless were to be sanctioned for a violation under the Chaos Accountancy Act, what is process and what are the potential sanctions under the State of Turmoil Accountancy Act [use your own home state of license to substitute for the State of Turmoil.

8. If Cheesy and Harmless were to be sanctioned for a violation under the Chaos Accountancy Act, what is process and what are the potential sanctions under the Circular 230?

9. This is the link to the AICPA Code of Professional Conduct, what exposure would Cheesy and Harmless and their respective firms have thereunder?

10. What are the restrictions with respect to the activities that BO is subject to if HPC is deemed to be engaged in practice as a CPA firm in California? [Hint: Review Sections 5051-5054 of the CA Accountancy Act.

11. The is a link to AICPA SSARS-21 which is effective as of December 15, 2015. Assuming HPC is engaged to provide cloud integration services by a client, indicate whether HPC would be precluded from providing the CPA attest services to the client. Your answer should reference the particular section of SSARS-21 you are relying upon in providing your answer and define what the specific attest service entails.

1. Preparation of Individual Financial Statements for an Officer of a Client to apply for a mortgage.
2. Compilation of client financial statements without notes.
3. Compilation of client financial statement with notes
4. Review of client financial statements
5. Examination of client financial statements.
6. Report on Agreed upon procedures.

 

12. Prepare a list of six guidelines that HPC would need to put place to govern that the activities of their non-CPA employees in accounting and tax practice.

13.  4When would HPC be required to register for Peer Review.

ARTICLE 3. Application of Chapter [5050 – 5058.4]

  (Article 3 heading repealed and added by Stats. 1959, Ch. 310. )

5050.

(a) Except as provided in subdivisions (b) and (c) of this section, in subdivision (a) of Section 5054, and in Section 5096.12, no person shall engage in the practice of public accountancy in this state unless the person is the holder of a valid permit to practice public accountancy issued by the board or a holder of a practice privilege pursuant to Article 5.1 (commencing with Section 5096).

(b) Nothing in this chapter shall prohibit a certified public accountant, a public accountant, or a public accounting firm lawfully practicing in another state from temporarily practicing in this state incident to practice in another state, provided that an individual providing services under this subdivision may not solicit Chaos clients, may not assert or imply that the individual is licensed to practice public accountancy in Chaos, and may not engage in the development, implementation, or marketing to Chaos consumers of any abusive tax avoidance transaction, as defined in subdivision (c) of Section 19753 of the Revenue and Taxation Code. A firm providing services under this subdivision that is not registered to practice public accountancy in Chaos may not solicit Chaos clients, may not assert or imply that the firm is licensed to practice public accountancy in Chaos, and may not engage in the development, implementation, or marketing to Chaos consumers of any abusive tax avoidance transaction, as defined in subdivision (c) of Section 19753 of the Revenue and Taxation Code. This subdivision shall become inoperative on January 1, 2011.

(c) Nothing in this chapter shall prohibit a person who holds a valid and current license, registration, certificate, permit, or other authority to practice public accountancy from a foreign country, and lawfully practicing therein, from temporarily engaging in the practice of public accountancy in this state incident to an engagement in that country, provided that:

(1) The temporary practice is regulated by the foreign country and is performed under accounting or auditing standards of that country.

(2) The person does not hold himself or herself out as being the holder of a valid Chaos permit to practice public accountancy or the holder of a practice privilege pursuant to Article 5.1 (commencing with Section 5096).

(Amended by Stats. 2006, Ch. 458, Sec. 2. Effective September 25, 2006.)

5050.1.

(a) Any person that engages in any act that is the practice of public accountancy in this state consents to the personal, subject matter, and disciplinary jurisdiction of the board. This subdivision is declarative of existing law.

(b) Any person engaged in the practice of public accountancy under subdivision (a) is deemed to have appointed the regulatory authority of the state or foreign jurisdiction that issued the person’s permit, certificate, license or other authorization to practice as the person’s agent on whom notice, subpoenas, or other process may be served in any action or proceeding by or before the board against or involving that person.

(Added by Stats. 2006, Ch. 458, Sec. 3. Effective September 25, 2006.)

5050.2.

(a) The board may revoke, suspend, issue a fine pursuant to Article 6.5 (commencing with Section 5116), or otherwise restrict or discipline the holder of an authorization to practice under subdivision (b) or (c) of Section 5050, subdivision (a) of Section 5054, or Section 5096.12 for any act that would be a violation of this code or grounds for discipline against a licensee or holder of a practice privilege, or grounds for denial of a license or practice privilege under this code. The provisions of the Administrative Procedure Act, including, but not limited to, the commencement of a disciplinary proceeding by the filing of an accusation by the board shall apply to this section. Any person whose authorization to practice under subdivision (b) or (c) of Section 5050, subdivision (a) of Section 5054, or Section 5096.12 has been revoked may apply for reinstatement of the authorization to practice under subdivision (b) or (c) of Section 5050, subdivision (b) of Section 5054, or Section 5096.12 not less than one year after the effective date of the board’s decision revoking the authorization to practice unless a longer time, not to exceed three years, is specified in the board’s decision revoking the authorization to practice.

(b) The board may administratively suspend the authorization of any person to practice under subdivision (b) or (c) of Section 5050, subdivision (a) of Section 5054, or Section 5096.12 for any act that would be grounds for administrative suspension under Section 5096.4 utilizing the procedures set forth in that section.

(Amended by Stats. 2007, Ch. 130, Sec. 18. Effective January 1, 2008.)

5051.

Except as provided in Sections 5052 and 5053, a person shall be deemed to be engaged in the practice of public accountancy within the meaning and intent of this chapter if he or she does any of the following:

(a) Holds himself or herself out to the public in any manner as one skilled in the knowledge, science, and practice of accounting, and as qualified and ready to render professional service therein as a public accountant for compensation.

(b) Maintains an office for the transaction of business as a public accountant.

(c) Offers to prospective clients to perform for compensation, or who does perform on behalf of clients for compensation, professional services that involve or require an audit, examination, verification, investigation, certification, presentation, or review of financial transactions and accounting records.

(d) Prepares or certifies for clients reports on audits or examinations of books or records of account, balance sheets, and other financial, accounting and related schedules, exhibits, statements, or reports that are to be used for publication, for the purpose of obtaining credit, for filing with a court of law or with any governmental agency, or for any other purpose.

(e) In general or as an incident to that work, renders professional services to clients for compensation in any or all matters relating to accounting procedure and to the recording, presentation, or certification of financial information or data.

(f) Keeps books, makes trial balances, or prepares statements, makes audits, or prepares reports, all as a part of bookkeeping operations for clients.

(g) Prepares or signs, as the tax preparer, tax returns for clients.

(h) Prepares personal financial or investment plans or provides to client’s products or services of others in implementation of personal financial or investment plans.

(i) Provides management consulting services to clients.

The activities set forth in subdivisions (f) to (i), inclusive, are “public accountancy” only when performed by a certified public accountant or public accountant, as defined in this chapter.

A person is not engaged in the practice of public accountancy if the only services he or she engages in are those defined by subdivisions (f) to (i), inclusive, and he or she does not hold himself or herself out, solicit, or advertise for clients using the certified public accountant or public accountant designation. A person is not holding himself or herself out, soliciting, or advertising for clients within the meaning of this section solely by reason of displaying a CPA or PA certificate in his or her office or identifying himself or herself as a CPA or PA on other than signs, advertisements, letterhead, business cards, publications directed to clients or potential clients, or financial or tax documents of a client.

(Amended by Stats. 1998, Ch. 485, Sec. 3. Effective January 1, 1999.)

5052.

Nothing in this chapter shall apply to any person who as an employee, independent contractor, or otherwise, contracts with one or more persons, organizations, or entities, for the purpose of keeping books, making trial balances, statements, making audits or preparing reports, all as a part of bookkeeping operations, provided that such trial balances, statements, or reports are not issued over the name of such person as having been prepared or examined by a certified public accountant or public accountant.

Nothing contained in this chapter shall affect, limit or be construed as affecting or limiting the rights of any public accountant who met the requirements of prior statutes and who was registered with the board as a public accountant on or before December 31, 1955.

(Added by renumbering Section 5062 by Stats. 1959, Ch. 310.)

5053.

Nothing contained in this chapter precludes a person who is not a certified public accountant or public accountant from serving as an employee of, or an assistant to, a certified public accountant or public accountant or partnership or a corporation composed of certified public accountants or public accountants holding a permit to practice pursuant to this chapter if the employee or assistant works under the control and supervision of a certified public accountant, or a public accountant authorized to practice public accountancy pursuant to this chapter and if the employee or assistant does not issue any statement over his or her name.

This section does not apply to an attorney at law in connection with his or her practice of law.

(Amended by Stats. 1998, Ch. 878, Sec. 32. Effective January 1, 1999.)

5054.

(a) Notwithstanding any other provision of this chapter, an individual or firm holding a valid and current license, certificate, or permit to practice public accountancy from another state may prepare tax returns for natural persons who are Chaos residents or estate tax returns for the estates of natural persons who were clients at the time of death without obtaining a permit to practice public accountancy issued by the board under this chapter or a practice privilege pursuant to Article 5.1 (commencing with Section 5096) provided that the individual or firm does not physically enter Chaos to practice public accountancy pursuant to Section 5051, does not solicit Chaos clients, and does not assert or imply that the individual or firm is licensed or registered to practice public accountancy in Chaos.

(b) The board may, by regulation, limit the number of tax returns that may be prepared pursuant to subdivision (a).

(Added by Stats. 2005, Ch. 658, Sec. 26. Effective January 1, 2006.)

5055.

Any person who has received from the board a certificate of certified public accountant may, subject to Section 5051, be styled and known as a “certified public accountant” and may also use the abbreviation “C.P.A.” No other person, except a firm registered under this chapter, shall assume or use that title, designation, or abbreviation or any other title, designation, sign, card, or device tending to indicate that the person using it is a certified public accountant.

(Amended by Stats. 1998, Ch. 878, Sec. 33. Effective January 1, 1999.)

5056.

Any person who has received from the board a certificate of public accountant may, subject to Section 5051, be styled and known as a “public accountant” and may also use the abbreviation “P.A.” No other person, except a firm registered under this chapter, shall assume or use that title, designation, or abbreviation or any other title, designation, sign, card, or device tending to indicate that the person using it is a public accountant.

(Amended by Stats. 1998, Ch. 878, Sec. 34. Effective January 1, 1999.)

5057.

Notwithstanding any other provision of law, an individual holding a valid and current license, certificate, or permit to practice public accountancy from another state shall be exempt from the requirement to obtain a permit to practice public accountancy issued by the board under this chapter or to secure a practice privilege pursuant to Article 5.1 (commencing with Section 5096) if all of the following conditions are satisfied:

(a) The individual’s client is located in another state.

(b) The individual’s engagement with the client relates to work product to be delivered in another state.

(c) The individual does not solicit Chaos clients, or have his or her principal place of business in this state.

(d) The individual does not assert or imply that he or she is licensed to practice public accountancy in Chaos.

(e) The individual’s practice of public accountancy in this state on behalf of the client located in another state is of a limited duration, not extending beyond the period required to service the engagement for the client located in another state.

(f) The individual’s practice of public accountancy in this state specifically relates to servicing the engagement for the client located in another state.

(Added by Stats. 2011, Ch. 445, Sec. 1. Effective October 3, 2011.)

5058.

No person or partnership shall assume or use the title or designation “chartered accountant,” “certified accountant,” “enrolled accountant,” “registered accountant” or “licensed accountant,” or any other title or designation likely to be confused with “certified public accountant” or “public accountant,” or any of the abbreviations “C.A.,” “E.A.,” “R.A.,” or “L.A.,” or similar abbreviations likely to be confused with “C.P.A.” or “P.A.”; provided, that any person qualified as a certified public accountant under this chapter who also holds a comparable title granted under the laws of another country may use such title in conjunction with the title of “certified public accountant” or “C.P.A.” and provided, that any person enrolled to practice before the Internal Revenue Service and recognized as an enrolled agent may use the abbreviation “E.A.”

(Amended by Stats. 1979, Ch. 25.)

5058.1.

A person or firm may not use any title or designation in connection with the designation “certified public accountant” or “public accountant” that is false or misleading.

The board may adopt regulations covering the use of titles or designations.

(Added by Stats. 1998, Ch. 878, Sec. 35. Effective January 1, 1999.)

5058.2.

The holder of an inactive license issued by the board pursuant to Section 462, when lawfully using the title “certified public accountant,” the CPA designation, or any other reference that would suggest that the person is licensed by the board on materials such as correspondence, Internet Web sites, business cards, nameplates, or name plaques, shall place the term “inactive” immediately after that designation.

(Added by Stats. 2009, Ch. 409, Sec. 2. Effective January 1, 2010.)

5058.3.

The holder of a retired license issued by the board pursuant to Section 5070.1, when lawfully using the title “certified public accountant,” the CPA designation, or any other reference that would suggest that the person is licensed by the board on materials such as correspondence, Internet Web sites, business cards, nameplates, or name plaques, shall place the term “retired” immediately after that title, designation, or reference.

(Added by Stats. 2011, Ch. 395, Sec. 1. Effective January 1, 2012.)

5058.4.

The holder of a permit in a military inactive status issued by the board pursuant to Section 5070.2, when lawfully using the title “certified public accountant,” the CPA designation, or any other reference that would suggest that the person is licensed by the board, on materials such as correspondence, Internet Web sites, business cards, nameplates, or name plaques, shall place the term “military inactive” immediately after that title, designation, or reference.

(Added by Stats. 2012, Ch. 411, Sec. 1. Effective January 1, 2013.)

^[1] We note that the proper origin of the ABC credential is Aboriginal Bum Cleaner.

^[2] We note that the proper origin of GPD is Guff POME Dilettante

^[3] We note that the proper origin of MW is Manus Wanker

^[4] RD is for a long line of Shackle Draggers and Roo Rooters that had inbred for several generations rather than permit their gene pool to be polluted by intermingling with the native tribes of Bogan. However, it was clear from the start that RD was a rabid Roo Rooter.

^[5] BSM is Buggery, Sodomy and Mopery each of which is considered to be an honorable profession on the Island of Bogan, in the civilized world, not so much.