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Under the ERISA, which of the following would NOT be considered a qualified public accountant as defined by Section 103? a. A person who is a certified public accountant, certified by a regulatory authority of a state. b. A person who is a licensed public accountant, licensed by a regulatory authority of a state. c. A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government. d. A person certified by the Secretary of Labor as a qualified public accountant in accordance with regulation published by the Secretary for a person who practices in states where there is no certification or licensing procedure for accountants.

Respuesta :

Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.

Who is a qualified public accountant u/s 103?

Under the section 103(a)(3)(D) of ERISA the term “qualified public accountant” means—

(i) someone who's an authorized public accountant, licensed through a regulatory authority of a State;

(ii) someone who's a certified public accountant, licensed through a regulatory authority of a State, or

(iii) someone certified through the Secretary as a qualified public accountant according to policies posted through the Secretary for a person who practices in States where there may be no certification or licensing procedure for accountants.

Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.

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