Ala. Admin. Code r. 30-X-7-.10 - Safe Harbor Language
(1) Non-licensees may not use language in any
statement relating to the financial affairs of a person or entity, which is
conventionally used by licensees in reports on financial statements.
Notwithstanding the foregoing, non-licensees may use the following disclaimer
language in connection with financial statements to not be in violation of the
Act:
(a) "I (We) have prepared the
accompanying (financial statements) of (name of entity) as of (time period) for
the (period) then ended. This presentation is limited to preparing in the form
of financial statements information that is the representation of management
(owners).
(b) I (We) have not
audited or reviewed the accompanying financial statements and accordingly do
not express an opinion or any other form of assurance on them."
Author: Alabama Board of Public Accountancy
Notes
Statutory Authority: Code of Ala. 1975, ยง 34-1-16.
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