S.D. Admin. R. 20:75:07:11

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

Section 20:75:07:11 - Report - Findings for further consideration

Within 30 days after the date of the exit conference, the reviewer must issue a written report and, if applicable, findings for further consideration to the reviewed firm. If the reviewer issues this report after the 30-day period, the reviewer must submit a fee of $50 to the board.

The report and letter must be addressed to the proprietor, partners, members, officers, or shareholders of the reviewed firm and must be dated as of the date of the exit conference. The report must include the following:

(1) The year covered by the review;

(2) A statement of the scope of the review;

(3) A description of the general characteristics of a system of quality control, if applicable; and

(4) The reviewer's opinion. If the opinion is pass with deficiency or fail, the report must include a description of the reasons for the deficiency.

If the reviewer finds deficiencies, the reviewer must issue to the firm under review findings outlining the deficiencies and recommending action to correct the deficiencies.

S.D. Admin. R. 20:75:07:11

29 SDR 16, effective 8/14/2002; 35 SDR 165, effective 12/22/2008; 36 SDR 216, effective 7/6/2010; 39 SDR 33, effective 9/5/2012.

General Authority: SDCL 36-20B-12(9)(10)(11).

Law Implemented: SDCL 36-20B-36.

Discretion to waive certain requirements, § 20:75:01:07.