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Title 12 . Professional and Vocational Regulations
Chapter 4 . Big Game Guides and Transporters
Section 50. Responsibility and disclosure

12 AAC 04.050. Responsibility and disclosure

An accountant may not issue an opinion on representations in financial statements he or she has examined unless the accountant

(1) discloses any relevant, material fact known to the accountant which is not disclosed in the financial statements; and

(2) discloses any material misstatement contained in the financial statements; and

(3) has exercised that degree of skill which is customary in the profession; and

(4) discloses any deviation in the financial statements from customary accounting procedures.

History: Eff. 1/20/63, Register 7; am 9/9/72, Register 43; am 4/10/88, Register 106

Authority: AS 08.04.070 (b)

AS 08.04.080


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Last modified 7/05/2006