Minnesota Administrative Rules
Agency 181 - Revenue Department
Chapter 8122 - LAWFUL GAMBLING; ANNUAL AUDITS
Part 8122.0200 - ACCOUNTANTS QUALIFICATIONS
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. License required.
An accountant must be an independent certified public accountant and licensed to practice in Minnesota.
Subp. 2. Standards of independence.
The CPA shall maintain objectivity and be free of the appearance of conflicts of interest when discharging professional responsibilities needed to perform the audit. CPAs shall adhere to the standards of objectivity and independence as established in the American Institute of Certified Public Accountants professional standards.
In addition, for purposes of this subpart, an individual CPA who is a member of an organization, or the accounting firm the individual belongs to, must not perform the organization's annual audit if one or more of the following occurred during the fiscal year:
Statutory Authority: MS s 270.06; 270C.06