Florida Administrative Code › 61 - DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION › 61H1 - Board of Accountancy › Chapter 61H1-34 - PERSONS OTHER THAN CERTIFIED PUBLIC ACCOUNTANTS › Section 61H1-34.001 - Preparation of Financial Statements by Persons Other than Certified Public Accountants or Inactive Certified Public Accountants

Current through Reg. 50, No. 138; July 16, 2024
(1) As provided in Section
				473.322, F.S., persons other
				than certified public accountants or certified public accountants on inactive
				status may prepare financial statements and submit them to others provided
				that:
(a) Such financial statements are
				issued without attestation as an expert in accountancy as to the reliability or
				fairness of the presentations shown therein or expression of opinion as defined
				in Rule 61H1-20.005.
(b) Such financial statements, or reports,
				transmittal letters or other written communication issued or associated with
				financial statements, shall not in any manner whatsoever state, show, claim or
				imply that the financial statements resulted from an audit examination or
				review.
(c) Any report, transmittal
				letter or other written communication issued with such financial statements, in
				addition to setting forth an address, salutation and reference to the
				completion and submission of a tax return, may identify and list the financial
				statements submitted, state that the financial statements are unaudited or
				prepared without audit from the records or books of account, and state that
				such financial statements are in agreement or have been reconciled with the tax
				return.
(d) Any such report,
				transmittal letter or other written communication issued with the financial
				statements as provided in subparagraph (c) above may also contain a listing of
				procedures (as distinguished from auditing procedures or standards and
				accounting principles or standards) used in preparing the financial statements,
				provided:
1. the procedures listed are not so
				extensive, or the listing worded in such manner, as to claim or imply that the
				financial statements are the result of an audit or examination performed in
				accordance with generally accepted auditing standards or a review as
				contemplated by standards for accounting and review services; and
2. the description of the procedures does not
				use words or terminology which connote or relate to an audit or examination in
				accordance with generally accepted auditing standards or the presentation of
				financial statements in conformity with generally accepted accounting
				principles (e.g., words or terminology such as audit, examination, opinion,
				certificate, certify, fairly present, auditing procedure, auditing standard,
				audit test, test of accounting records, accounting principle or standard,
				generally accepted auditing standard, generally accepted accounting principle
				or standard).
3. the listing of
				such procedures is followed by the statement, "these procedures do not
				constitute an audit or examination of these financial statements in accordance
				with generally accepted auditing standards, nor do they imply either an
				expression of opinion, or disclaimer of opinion, as to the fairness of the
				presentation of the financial statements or their conformity with generally
				accepted accounting principles" or a statement or words to that
				effect.