Rules & Regulations of the State of Tennessee
Title 0020 - Accountancy
Chapter 0020-03 - Rules of Professional Conduct
Section 0020-03-.07 - COMPETENCE
Universal Citation: TN Comp Rules and Regs 0020-03-.07
Current through September 24, 2024
(1) A licensee shall comply with the following standards and with any interpretations thereof by bodies designated by the AICPA, or by other entities having similar generally recognized authority.
(a) Professional Competence.
Undertake only those professional services that the licensee or the licensee's
firm can reasonably expect to be completed with professional
competence.
(b) Due Professional
Care. Exercise due professional care in the performance of professional
services.
(c) Planning and
Supervision. Adequately plan and supervise the performance of professional
services.
(d) Sufficient Relevant
Data. Obtain sufficient relevant data to afford a reasonable basis for
conclusions or recommendations in relation to any professional services
performed.
Authority: T.C.A. §§ 62-1-105 and 62-1-111.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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