58-43-9.1. Disqualification of accountant.
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/sd/title-58/chapter-58-43/58-43-9-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person or firm may be recognized as a qualified independent certified public accountant if the person or firm:
(1)Is not in conformity with the Code of Professional Ethics of the American Institute of CPA's and in all states in which the accountant is licensed to practice, or, for a Canadian or British company, that is not a chartered accountant; or
(2)Has either directly or indirectly entered into an agreement of indemnity or release from liability with respect to the audit of the insurer.