shall use the following or similar 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
(b) "I (we) have not
audited, reviewed or compiled, under professional standards prescribed for such
services, the accompanying financial statements and accordingly do not express
an opinion or any other form of assurance on them. I (we) am (are) not licensed
by this state, as a certified public accountant, public accountant or
accounting firm, to provide those types of services."
(2) The use of standard language in any
report as defined by Tenn. Code Ann. §
62-1-103, by any non-licensed
individual or non-permitted accounting firm, even if the verbiage is slightly
altered, will be considered to be a violation of Tenn. Code Ann. §
Tenn. Comp. R. & Regs.
Original rule filed June 9,
1981; effective August 18, 1981. Amendment filed June 30, 1988; effective
August 14, 1988. Repeal and new rule filed June 10, 1999; effective August 24,
Authority: T.C.A. §§
62-1-109(c);62-1-111(a)(9); 62-1-111(2); 62-1-113(h)(1) and 62-1-117.