§ 2-102
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§2–102.
(a)If the person does not engage in any activity expressly included in the definition of practice certified public accountancy, this title does not prohibit:
(1)an individual from serving as an employee of or assistant to a licensee or permit holder;
(2)a public official or public employee from performing the duties of the position of that individual; or
(3)a person from providing or offering to the public bookkeeping and accounting services, including:
(i)development or installation of a bookkeeping system;
(ii)recordation or presentation of financial information;
(iii)preparation of:
1. a financial statement;
2. a compilation of a financial statement that:
A. does not reference the Statements on Standards for Accounting and Review Services issued by AICPA; and
B. expressly states that the person has not undergone and is not required to undergo peer review;
3. a report;
4. a schedule; or
5. an exhibit; or
(iv)any similar activity.
(b)This title does not prohibit a licensee or permit holder from:
(1)employing a certified public accountant licensed by another state or a foreign country; or
(2)listing that individual as a certified public accountant, if the individual qualifies for a practice privilege under § 2–321 of this title.
(c)The Board shall adopt regulations that specify the language of the disclosure statement relating to exemption from peer review that is required to be included in a compilation of a financial statement prepared under subsection (a)(3)(iii)2 of this section.