Ala. Admin. Code r. 30-X-7-.15 - Documentation And Retention
(1)
Licensees shall comply with all professional standards for documentation
applicable to particular engagements, including, but not limited to standards
adopted by recognized standards setting bodies such as the Public Company
Accounting Oversight Board (PCAOB), the Comptroller General of the United
States, and the AICPA.
(2) If the
applicable standards do not otherwise specify, the retention period for
documentation shall be five (5) years and shall be measured from the report
date.
(3) If documentation is
required to be kept for longer than provided in the applicable standards or
Rule 30-X-7-.15(2) because of a pending Board investigation or disciplinary action, documentation
shall not be destroyed until the licensee has been notified in writing by the
Board of the closure of a Board investigation or disciplinary
proceeding.
Notes
Author: Alabama Board of Public Accountancy
Statutory Authority: Code of Ala. 1975, ยง 34-1-3.
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