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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>A question has been presented about sections 11.10.1 and 11.10.2 of the EV Guidelines. Section 11.10.1 specifies that the opinion letter by authored by a legal practitioner licensed in the country of the Applicant’s Jurisdiction of Incorporation or Registration or any jurisdiction where the Applicant maintains an office or physical facility. Section 11.10.2 for accountants is slightly different. It states that the accounting professional must be licensed within the Applicant’s Jurisdiction of Incorporation, Jurisdiction of Registration, or the jurisdiction where the Applicant maintains an office or physical facility. (For some reason, “country” is not present in the accounting practitioner section 11.10.2 like it is for attorneys in the previous section.)<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>An accountant, who is a member of the AICPA and Wisconsin Institute of Certified Public Accountants, has contacted the CABF and stated “I believe that this limitation is unreasonable as the amount of business owners living in another state increases. I prepare tax returns for clients across this country and overseas. While any change would not benefit my client I believe that you should review your requirements.”<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Discussion on this issue today is being moved from the management list to the public list. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Comments so far are as follows:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Rich Smith – “Any attorney or accountant licensed in any U.S. state should be acceptable from the standpoint of the Guidelines.”<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Ryan Koski – “Please see the thread I started on the Public list back on January 11, 2013, subject: "EVG - Accounting Practitioner Jurisdiction". The issue is that 11.10.2.(1).(A) deviates from the definition of "Accounting Practitioner", and removes the phrase "the country of".”<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Jeremy Rowley – “What added protection is it supposed to give? As telecommuting for in-house attorneys becomes increasingly common and as the number of virtual law firms/accounting firms continues to grow, having a requirement that limits the jurisdictional scope of the opinion letter makes the document seem archaic.”<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Ben Wilson – “One of the issues that originally influenced the current language was the concern that a few lawyers and/or CPAs would set up online shops solely for the purpose of providing “EV Opinion Letters” as a business model. I agree with Jeremy that we ought to revisit the language and bring it up to date based on the collective wisdom we’ve developed so far with EV.”<o:p></o:p></p></div></body></html>