Any licensee employed by a firm in which no licensee owners are authorized to sign reports on attest engagements pursuant to Business and Professions Code Section 5095 must, prior to engaging in attest services, provide written notification to any attest client or prospective attest client of the ownership composition of the firm. The notice shall include a statement to be signed and dated by the client and retained in the client's records, which states the client or prospective client understands that no firm owners are authorized to sign reports on attest engagements and the name and license number of the licensee the firm has authorized and designated to sign the report on attest engagement on behalf of the firm.

Note: Authority cited: Sections 5010, 5018 and 5095, Business and Professions Code. Reference: Sections 138, 5018 and 5095, Business and Professions Code.

History

1. New section filed 2-18-2010; operative 3-20-2010 (Register 2010, No. 8).

2. Amendment filed 6-18-2025; operative 10-1-2025 (Register 2025, No. 25).