Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1 - Mississippi State Board of Public Accountancy Rules and Regulations Appendix; Schedule of Fees › Chapter 6 - Rules of Professional Conduct › Rule 30-1-6.13 - Record

Current through June 25, 2024
Rule6.13.1. A CPA or firm permit holder shall furnish to a
				  client or former client (regardless of the status of the client or former
				  client account) upon request, any accounting or other records belonging to, or
				  obtained for, the client which he or the firm may have had occasion to remove
				  from the client's premises, or to receive for the client's account, but this
				  shall not preclude him from making copies of such documents when they form the
				  basis of work done by him (or his firm), but in no event shall the accountant
				  have a lien on these accounting or other records.
Rule 6.13.2. Within a reasonable time after original
				  issuance, a CPA or firm permit holder shall furnish to a client, or former
				  client, upon request (subject to the provisions of this rule):
(a) a copy of a tax return,
(b) a copy of a report, or other document,
				that was previously issued to or for such client (provided that furnishing such
				reports to or for such client or former client would not cause the violation of
Rule
6.9., Auditing Standards concerning subsequent
				events),
(c) source documents
				provided by the client; or
(d) a
				copy of the working papers, to the extent that such working papers include
				records which would ordinarily constitute part of the client's books and
				records and are not otherwise available to the client. Examples of records
				include but are not limited to computer generated books of original entry,
				general ledgers, subsidiary ledgers, adjusting, closing and reclassification
				entries, journal entries and depreciation schedules or their equivalent.
The information should be provided in the medium in which it
				  is requested if it exists in that format (for example electronic or hard copy).
				  It does not have to be converted to another format.
Rule 6.13.3. In no case shall source documents be withheld
				  from clients; however, the CPA or firm permit holder shall not be compelled to
				  surrender work products for which he has not been compensated. A CPA or firm
				  permit holder shall also be permitted to collect in advance of issuance a
				  reasonable fee for time and expenses of issuing or reproducing a return and/or
				  report referred to above.
Rule 6.13.4. All statements, records, schedules, working
				  papers and memoranda made by a CPA or firm permit holder incident to or in the
				  course of professional services to clients by such CPA or firm permit holder to
				  a client, must be retained for a minimum period of five years and shall remain
				  the property of such CPA or firm permit holder in the absence of an express
				  agreement between such CPA or firm permit holder and the client to the
				  contrary. No such statement, record, schedule, working paper or memorandum
				  shall be sold, transferred or bequeathed without the consent of the client or
				  his personal representative or assignee to anyone other than one or more
				  surviving partners or new partners of such CPA or firm permit holder or to his
				  corporation or any combined or merged partnership or successor in interest to
				  the partnership.
Miss. Code Ann. §
				  73- 33-5 (f)