Under Rule 505, Form of Organization and Name, a CPA

question 17

True/False

Under Rule 505, Form of Organization and Name, a CPA firm may not designate itself as "Members of the American Institute of Certified Public Accountants" unless a majority of its owners are members of the Institute.

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Definitions:

Rainshadow

A dry area on the leeward side of a mountainous area, where precipitation is significantly reduced due to the blocking of moist air and precipitation by the mountains.

Subtropics

Regions of the Earth immediately adjacent to the tropics, characterized by hot, often humid summers and mild to warm winters.

Loess

An essentially unconsolidated sediment consisting predominantly of silt, interpreted to be windblown dust, commonly of glacial origin.

Ice-Age Glaciers

Massive sheets of ice and snow that covered large parts of the Earth’s surface during the last glacial period, significantly altering the planet's surface and ecosystem.