1. (a) All of the rules of professional conduct shall apply to and must be observed by a certificate or registration holder engaged in the client practice of public accountancy.
2. (b) No certificate or registration holder shall issue, or otherwise be associated with, financial statements that do not conform to the accounting principles described in Section 501.61 of this title (relating to Accounting Principles).

3. (c) The following rules of professional conduct shall apply to and be required to be observed by certificate or registration holders when not employed in the client practice of public accountancy:

   1. (1) Section 501.73 of this title (relating to Integrity and Objectivity);
   2. (2) Section 501.74 of this title (relating to Competence);
   3. (3) Section 501.77 of this title (relating to Acting through Others);
   4. (4) Section 501.90 of this title (relating to Discreditable Acts);
   5. (5) Section 501.91 of this title (relating to Reportable Events);
   6. (6) Section 501.92 of this title (relating to Frivolous Complaints);
   7. (7) Section 501.93 of this title (relating to Responses); and
   8. (8) Section 501.94 of this title (relating to Mandatory Continuing Education Reporting).

Source Note:The provisions of this §501.53 adopted to be effective June 11, 2000, 25 TexReg 5336; amended to be effective December 19, 2000, 25 TexReg 12392; amended to be effective February 6, 2002, 27 TexReg 747.