§ 2-102. Scope of title

   (a) Right to provide services. -- If the person does not engage in any activity expressly included in the definition of practice certified public accountancy, this title does not prohibit:

   (1) an individual from serving as an employee of or assistant to a licensee or permit holder;

   (2) a public official or public employee from performing the duties of the position of that individual; or

   (3) a person from providing or offering to the public bookkeeping and accounting services, including:

      (i) development or installation of a bookkeeping system;

      (ii) recordation or presentation of financial information;

      (iii) preparation of:

         1. a financial statement;

         2. a compilation of a financial statement that:

            A. does not reference the Statements on Standards for Accounting and Review Services issued by AICPA; and

            B. expressly states that the person has not undergone and is not required to undergo peer review;

         3. a report;

         4. a schedule; or

         5. an exhibit; or

      (iv) any similar activity.

(b) Employment of certified public accountant of another jurisdiction. -- This title does not prohibit a licensee or permit holder from:

   (1) employing a certified public accountant licensed by another state or a foreign country; or

   (2) listing that individual as a certified public accountant, if the individual qualifies for a practice privilege under § 2-321 of this title.

(c) Regulations. -- The Board shall adopt regulations that specify the language of the disclosure statement relating to exemption from peer review that is required to be included in a compilation of a financial statement prepared under subsection (a)(3)(iii)2 of this section.

HISTORY: An. Code 1957, art. 75A, § 2-102; 1989, ch. 3, § 1; 2008, ch. 536; 2011, chs. 228, 229.