An individual who has been granted practice privileges under the provisions of § 36-20B-66 or 36-20B-67 who performs for any entity with its home office in this state any of the following services:

1. (1) Any financial statement audit or other engagements to be performed in accordance with Statements on Auditing Standards (SAS);
2. (2) Any examination of prospective financial information to be performed in accordance with Statements on Standards For Attestation Engagements (SSAE); or
3. (3) Any engagement to be performed in accordance with Public Company Accounting Oversight Board (PCAOB) auditing standards;

shall do so only through a firm which has obtained a permit under the provisions of § 36-20B-32.

Source: SL 2009, ch 185 , § 27.