|(a) If a person cannot complete an engagement to provide
professional accounting services and professional accounting work
or employment assignment in a manner that complies with the requirements
of this chapter, the person shall withdraw from the engagement or
resign from the employment assignment.
(b) If a person withdraws from an engagement or resigns
from an employment assignment pursuant to this section, the person
shall inform the client or employer of the withdrawal or resignation.
(c) Interpretive Comment: Any withdrawal or resignation
shall be in writing. A person shall comply with the requirements of §501.75
of this chapter (relating to Confidential Client Communications) and §501.90(17)
of this chapter (relating to Discreditable Acts) regarding confidential
information of clients and employers during and after a withdrawal
or resignation executed pursuant to this section. For purposes of
this section, an engagement commences once an engagement letter is
signed by the client, time is charged to the engagement, or compensation
is received by a person in connection with an engagement or employment
(d) Interpretive comment: An email communication will
satisfy the requirement for written disclosure of a withdrawal or
resignation in subsection (c) of this section.
|Source Note: The provisions of this §501.78 adopted to be effective April 7, 2004, 29 TexReg 3475; amended to be effective February 17, 2008, 33 TexReg 1095; amended to be effective December 7, 2011, 36 TexReg 8235; amended to be effective June 3, 2020, 45 TexReg 3633