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

Terms Used In South Dakota Codified Laws 58-43-9.1

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

(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.