S.D. Admin. R. 20:75:05:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:75:05:01 - Independence

A licensee shall comply with Section ET 1.200 of the American Institute of Certified Public Accountants (AICPA), and additionally comply with the independence rules of the United States Securities and Exchange Commission (SEC), United States Department of Labor (DOL), Public Company Accounting Oversight Board (PCAOB) and United States Government Accountability Office (GAO) applicable to the licensees' engagement.

29 SDR 16, effective 8/14/2002; 30 SDR 119, effective 2/9/2004; 33 SDR 107, effective 12/26/2006; 35 SDR 165, effective 12/22/2008; 35 SDR 305, effective 7/1/2009; 36 SDR 216, effective 7/6/2010; 39 SDR 33, effective 9/5/2012; 39 SDR 219, effective 6/24/2013; 41 SDR 111, effective 1/19/2015; 45 SDR 084, effective 12/20/2018; 46 SDR 153, effective 7/9/2020

General Authority: SDCL 36-20B-12(4).

Law Implemented: SDCL 36-20B-12(4).

AICPA Professional Standards, Volume 2, ET Section 1.200, as of July 1, 2019, American Institute of Certified Public Accountants. Copies may be viewed at the board's office or obtained from the American Institute of Certified Public Accountants, 1211 Avenue of the Americas, New York, NY 10036. Cost: Annual Online Subscription, Member $199/Non-Member $249. Government Auditing Standards, by the United States Government Accountability Office (GAO) December 2011 Revision, or July 2018 Revision, as applicable. Copies may be viewed at the board's office or obtained from the United States Government Accountability Office, Washington, D.C. 20548; or from their website at www.gao.gov/yellowbook. Cost: first document free, each additional copy $2. United States Department of Labor (DOL): 29 CFR § 2509.75-9 (July 1, 2016). Available online at: https://www.gpo.gov/fdsys/pkg/CFR-2016-title29-vol9/pdf/CFR-2016-title29-vol9-sec 2509-75-9.pdf. Public Company Accounting Oversight Board (PCAOB): Rules Section 3, Auditing and Related Professional Practice Standards (May 2, 2014). Available online at: http://pcaobus.org/Rules/PCAOBRules/Pages/Section_3.aspx. United States Securities and Exchange Commission (SEC): 68 FR 6005 (February 5, 2003). Available online at: https://www.sec.gov/rules/final/33-8183a.htm.