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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 488 (January 27, 2024).

49 Pa. Code § 11.27. Auditing standards and other technical standards.

§ 11.27. Auditing standards and other technical standards.

 (a)  Auditing standards. A licensee may not permit his name to be associated with financial statements to imply that he is acting as an independent public accountant with respect to the financial statements unless he has complied with applicable GAAS. Statements on auditing standards issued by the AICPA or other pronouncements having similar generally recognized authority are considered to be interpretations of GAAS. A licensee shall justify any departures from the standards.

 (b)  Other technical standards. A licensee shall comply with other technical standards promulgated by bodies of the AICPA, PCAOB or other recognized authorities designated to establish the standards. A licensee shall justify any departures from the standards.


   The provisions of this §  11.27 issued under section 506 of The Administrative Code of 1929 (71 P. S. §  186); and section 3(10)—(12) of The CPA Law (63 P. S. §  9.3(10)—(12)).


   The provisions of this §  11.27 adopted 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 (272589) and (206115).

Notes of Decisions

   Although the equitable defense of estoppel by laches is available against the Commonwealth in an administrative disciplinary proceeding by a licensing board, a 6 year delay between the occurrance and in bringing disciplinary action did not evidence lack of due diligence by the Board. Weinberg v. State Board of Examiners of Public Accountants, 501 A.2d 239 (1985).

Cross References

   This section cited in 49 Pa. Code §  11.23 (relating to competence); and 49 Pa. Code §  11.23a (relating to competence to supervise attest services).

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