
| PMB #217, 5714 Folsom Blvd. | Sacramento, CA 95819-4608 | (800) 894-8995 | Fax: (626) 573-1724 | www.csatp.org |
In September, 2011, the California Board of Accountancy (CBA) voted to add the following sentences to the safe harbor language used by non-licensees when preparing financial statements:
We [I] are [am] not licensed nor required to be licensed by the California Board of Accountancy for the preparation of these financial statements. If compiled, reviewed or audited financial statements are desired, the services of someone licensed by the California Board of Accountancy would be required.
This language is unacceptable. It is negative, as it implies that there is something wrong with the accountant who prepared the financial statements. In addition, it mandates that we non-licensees publicize the services of licensees, services that we do not provide. How is it that we as legally practicing professionals could be required to offer our competition free publicity?
Stand up for your right to practice! Don't allow the CBA to require you to advertise for your competitors! Join us in this fight to protect our right to practice our profession in California!
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CSATP
1734 Bluestone Ln
Monterey Park, CA 91755
Tel: 800-894-8995; Fax: 626-573-1724