S.D. Admin. R. 20:75:05:02
A licensee may not in the performance of professional services knowingly misrepresent facts or subordinate the licensee's judgment to others. In tax practice, however, a licensee may resolve doubt in favor of a client if there is reasonable support for the position.
A conflict of interest may occur if a licensee performs a professional accounting service for a client or employer and the licensee or the licensee's firm has a material relationship with another person, entity, product, or service that could be viewed as impairing the licensee's objectivity. If this material relationship is disclosed to and consent is obtained from the client, employer, or other applicable parties, this section does not prohibit the performance of the professional accounting service.
S.D. Admin. R. 20:75:05:02
General Authority: SDCL 36-20B-12(4).
Law Implemented: SDCL 36-20B-12(4).
Auditing, accounting, and review standards, § 20:75:05:05; Accounting principles, § 20:75:05:06.