S.D. Admin. R. 20:75:05:04

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

Section 20:75:05:04 - Competence

A licensee shall comply with the following standards and with any interpretations thereof by bodies designated by the Council of the American Institute of Certified Public Accountants, or by other entities having similar generally recognized authority:

(1) Professional competence. Undertake only those professional services which the licensee or the licensee's firm can reasonably expect to complete with professional competence, including compliance, where applicable, with §§ 20:75:05:07 and 20:75 :05:08;

(2) Due professional care. Exercise due professional care in the performance of professional services;

(3) Planning and supervision. Adequately plan and supervise the performance of professional services; and

(4) Sufficient relevant data. Obtain sufficient relevant data to afford a reasonable basis for conclusions or recommendations in relation to professional services performed.

S.D. Admin. R. 20:75:05:04

29 SDR 16, effective 8/14/2002.

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

Law Implemented: SDCL 36-20B-40, 36-20B-41.