4701-9-03 Generally accepted auditing standards.

 

 

 

4701-9-03                    Generally accepted auditing standards.

 

 

 

(A)   An Ohio permit holder shall be associated with audited financial statements only if the Ohio permit holder has complied with the applicable generally accepted auditing standards defined in paragraph (B), (C), or (D) of this rule, as applicable.

 

(B)     Generally accepted auditing standards applicable to audits of public companies required to register with the "Securities and Exchange Commission" are defined as "Auditing and Related Professional Practice Standards" issued by the "Public Company Accounting Oversight Board" and published on that agency's website (www.pcaobus.org).

 

(C)     Generally accepted auditing standards for federal agencies or entities receiving significant federal financial assistance are defined as "Government Auditing Standards" issued by the "Comptroller General of the United States" and published on the "General AccountingGovernment Accountability Office" website (www.gao.gov).

 

(D)     Generally accepted auditing standards for all entities except those specified in paragraph (B) or (C) of this rule are defined as "Statements on Auditing Standards" issued by the "American Institute of Certified Public Accountants" and published in "AICPA Professional Standards, Volume 1," as of June 30, 2004on that organization's website (www.aicpa.org).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4701-9-03                                                                                                                              2

Effective:                                                     08/25/2005

R.C. 119.032 review dates:                         06/07/2005 and 08/25/2010

CERTIFIED ELECTRONICALLY

Certification

08/15/2005

Date

Promulgated Under:                           119.03

Statutory Authority:                           4701.03

Rule Amplifies:                                  4701.03

Prior Effective Dates:                         1/17/75, 9/1/78, 1/1/99, 8/5/99, 10/22/04