Practicing public accounting without a current license

AS STATED BY THE BOARD OF ACCOUNTANCY
.
ROBERT C. OLIVIERI, JR., P.C., license no.
AF-00218-L, of Bensalem, Bucks County, was
assessed a $1,000 civil penalty for practicing
public accounting without a current license
(2/11/04)(ACO).

That information was taken from the Summer of 2005
Pennsylvania State Board of Accountancy newsletter.

APPARENT INACCURACIES, ERRORS OR OMISSIONS

The firm of Robert C Olivieri, Jr PC is not
forbidden by law, to my knowledge, to practice
"Public Accounting" without a license.

The facts, based on my research, are that an
"Accounting Firm" is not permitted to hold
itself out as a "CPA Firm" unless the majority
of its shareholders are current licensed CPA's.

There are many, many "Accounting Firms" operating
today with ownership consisting of non CPA licensed
individuals with accounting degrees. In fact, there
are more non CPA licensed bookkeepers and accountants
than there are licensed CPA's or "CPA Firms".
.