61H1-20.0053: Standards for Assembled Financial Statements
PURPOSE AND EFFECT: The Board proposes to amend the rule to add that a Public Accounting Firm may offer to perform assembled financial statements.
SUBJECT AREA TO BE ADDRESSED: Standards for Assembled Financial Statements.
SPECIFIC AUTHORITY: 473.304, 473.315, FS.
LAW IMPLEMENTED: 473.302, 473.322 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: John Johnson, Executive Director, Board of Accountancy/MQA, 240 N.W. 76th Dr., Suite A, Gainesville, Florida 32607
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS:
61H1-20.0053 Standards for Assembled Financial Statements.
A Certified Public Accountant holding an active license may offer to perform or perform services involving assembled financial statements so long as the Certified Public Accountant complies with the standards for assembled financial statements, which are as follows:
(1) through (7) No change.
(8) The transmittal letter shall include the name and license number of the Certified Public Accountant who offers to perform or performs services involving assembled financial statements. If more than one Certified Public Accountant offers to perform or performs such services, then the name and license number of the Certified Public Accountant who assumes responsibility for the statements shall be included. If a Licensed Audit Firm or Public Accounting Firm offers to perform or performs such services, the name and license number of the firm may be utilized instead of the name and license number of an individual Certified Public Accountant.
(9) through (12) No change.
Specific Authority: 473.304, 473.315 FS. Law Implemented: 473.302, 473.322 FS. History–New 10-28-98, Amended 9-20-00,________.