1. (a) A licensee in the client practice of public accountancy must comply with SSARS or another similar standard of a national or international accountancy organization recognized by the board when transmitting a client's financial statements to the client or a third party.
2. (b) A licensee not employed in the client practice of public accountancy may prepare his employer's financial statements and may issue non-attest transmittals or information regarding non-attest transmittals without a firm license, provided those transmittals do not purport to be in compliance with SSARS or any other similar standard of a national or international accountancy organization recognized by the board.
3. (c) A licensee performing a preparation engagement is not required to enroll in peer review.

Source Note:The provisions of this §501.63 adopted to be effective February 9, 2011, 36 TexReg 545; amended to be effective April 11, 2012, 37 TexReg 2402; amended to be effective April 2, 2025, 50 TexReg 2200.