288 Neb. Admin. Code, ch. 5, § 004
A licensee shall undertake only those engagements which he or his firm can reasonably expect to complete with professional competence. This shall mean only those which he or someone in his firm is qualified, either by experience or education, to handle.
A licensee shall not permit his name to be associated with financial statements in such a manner as to imply that he is acting as an independent public accountant unless he has complied with the applicable generally accepted auditing standards. Statements issued by the American Institute of Certified Public Accountants, and other pronouncements having similar generally recognized authority, are deemed to be interpretations of generally accepted auditing standards.
A licensee shall not express an opinion that financial statements are presented in conformity with generally accepted accounting principles if such statements contain any departure from an accounting principle, which has a material effect on the financial statements taken as a whole, unless the licensee can demonstrate that due to unusual circumstances, the financial statement would otherwise have been misleading. In such cases, his report must describe the departure, the approximate effects thereof, if practicable, and the reasons why compliance with the principle would result in a misleading statement. Pronouncements issued by the Financial Accounting Standards Board and other pronouncements having similar generally recognized authority are deemed to be generally accepted accounting principles.
A licensee shall not in the performance of professional services permit his name to be used in conjunction with any forecast of future transactions in a manner which may lead to the belief that the licensee vouches for the achievability of the forecast.
A licensee, in the performance of management advisory services or accounting and review services, shall conform to the professional standards applicable to such services. For purposes of these rules, such professional standards are considered to be defined by Statements on Management Advisory Services and Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants and by similar pronouncements by other entities having generally recognized authority.
288 Neb. Admin. Code, ch. 5, § 004