Which statement regarding the use of a CPA's name in practice is incorrect?

The statement that a firm can operate under any name as long as it's in the Articles of Partnership is incorrect because, in practice, firms must adhere to regulatory guidelines and ethical standards governing the use of names. While it is true that the firm name may be included in the Articles of Partnership, it does not grant the firm unrestricted freedom to operate under any name.

Regulatory bodies, such as the Board of Accountancy, impose specific requirements for firm names to ensure they accurately reflect the nature and ownership of the practice. This includes restrictions against misleading or fictitious names, which could misrepresent the qualifications or identity of the practitioners. Additionally, a firm’s name often must include terms like “Certified Public Accountant” or its abbreviation, to clearly communicate the professional services offered and the qualifications of those providing them. Therefore, the emphasis on name registration and truthfulness in representation underscores the standards that professionals must, by necessity, abide by in their practice.