§ 58-43-9.1 Disqualification of accountant.

SD Codified L § 58-43-9.1 (2019) (N/A)
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58-43-9.1. Disqualification of accountant. No person or firm may be recognized as a qualified independent certified public accountant if the person or firm:

(1) Is not in conformity with the Code of Professional Ethics of the American Institute of CPA's and in all states in which the accountant is licensed to practice, or, for a Canadian or British company, that is not a chartered accountant; or

(2) Has either directly or indirectly entered into an agreement of indemnity or release from liability with respect to the audit of the insurer.Source: SL 2007, ch 294, § 3.