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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

49 Pa. Code § 11.21. Independence.


§ 11.21. Independence.

 A licensee may not perform an attest activity for an enterprise in a manner to imply that he is acting as an independent public accountant with respect thereto unless he is independent with respect to the enterprise. Independence will be considered impaired when the licensee has not complied with the independence rules and requirements of a recognized public or private standard-setting body as applicable under the circumstances. Examples of standard-setting bodies include the AICPA, PCAOB, SEC, General Accounting Office and Department of Labor.


   The provisions of this §  11.21 issued under section 506 of The Administrative Code of 1929 (71 P. S. §  186); and section 3(a)(10)—(12) of the CPA Law (63 P. S. §  9.3(a)(10)—(12)).


   The provisions of this §  11.21 adopted September 1, 1963; amended December 11, 1970, December 12, 1970, 1 Pa.B. 636; amended December 31, 1970, effective January 2, 1971, 1 Pa.B. 771; amended February 5, 1971, effective February 6, 1971, 1 Pa.B. 914; amended August 15, 1980, effective August 16, 1980, 10 Pa.B. 3354; amended July 27, 2007, effective July 28, 2007, 37 Pa.B. 4055. Immediately preceding text appears at serial pages (303389) to (303390).

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