A person in the performance of consulting services, accounting
and review services, any other attest service, financial advisory
services, or tax services shall conform to the professional standards
applicable to such services. For purposes of this section, such professional
standards are considered to be interpreted by:
(1) AICPA issued standards, including but not limited
to:
(A) Statements on Standards on Consulting Services
(SSCS);
(B) Statements on Standards for Accounting and Review
Services (SSARS);
(C) Statements on Standards for Attestation Engagements
(SSAE);
(D) Statements on Standards for Tax Services (SSTS);
(E) Statements on Standards for Financial Planning
Services (SSFPS);
(F) Statements on Standards for Valuation Services
(SSVS); or
(G) Statements on Standards for Forensic Services (SSFS).
(2) Pronouncements by other professional entities having
similar national or international authority recognized by the board
including but not limited to the International Financial Reporting
Standards (IFRS) promulgated by the International Accounting Standards
Board (IASB).
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| Source Note: The provisions of this §501.62 adopted to be effective June 11, 2000, 25 TexReg 5337; amended to be effective June 7, 2001, 26 TexReg 3931; amended to be effective February 17, 2008, 33 TexReg 1092; amended to be effective December 7, 2011, 36 TexReg 8233; amended to be effective June 11, 2014, 39 TexReg 4432; amended to be effective August 4, 2016, 41 TexReg 5549; amended to be effective April 10, 2024, 49 TexReg 2193 |
