Ala. Admin. Code r. 30-X-7-.15

Current through Register Vol. 43, No. 1, October 31, 2024

Section 30-X-7-.15 - Documentation And Retention

(1) Licensees shall comply with all professional standards for documentation applicable to particular engagements, including, but not limited to standards adopted by recognized standards setting bodies such as the Public Company Accounting Oversight Board (PCAOB), the Comptroller General of the United States, and the AICPA.

(2) If the applicable standards do not otherwise specify, the retention period for documentation shall be five (5) years and shall be measured from the report date.

(3) If documentation is required to be kept for longer than provided in the applicable standards or Rule 30-X-7-.15(2) because of a pending Board investigation or disciplinary action, documentation shall not be destroyed until the licensee has been notified in writing by the Board of the closure of a Board investigation or disciplinary proceeding.

Ala. Admin. Code r. 30-X-7-.15

New Rule: Filed May 6, 2008; effective June 10, 2008.

Author: Alabama Board of Public Accountancy

Statutory Authority: Code of Ala. 1975, § 34-1-3.