SECTION 501.53. Applicability of Rules of Professional Conduct

(a) All of the rules of professional conduct shall apply to and must be observed by a certificate or registration holder engaged in the client practice of public accountancy.

(b) No certificate or registration holder shall issue, or otherwise be associated with, financial statements that do not conform to the accounting principles described in §501.61 of this chapter (relating to Accounting Principles).

(c) The following rules of professional conduct shall apply to and be required to be observed by certificate or registration holders when not employed in the client practice of public accountancy:

(1) §501.73 of this chapter (relating to Integrity and Objectivity);

(2) §501.74 of this chapter (relating to Competence);

(3) §501.77 of this chapter (relating to Acting through Others);

(4) §501.78 of this chapter (relating to Withdrawal or Resignation);

(5) §501.90 of this chapter (relating to Discreditable Acts);

(6) §501.91 of this chapter (relating to Reportable Events);

(7) §501.92 of this chapter (relating to Frivolous Complaints);

(8) §501.93 of this chapter (relating to Responses); and

(9) §501.94 of this chapter (relating to Mandatory Continuing Professional Education).

Source Note: The provisions of this §501.53 adopted to be effective June 11, 2000, 25 TexReg 5336; amended to be effective December 19, 2000, 25 TexReg 12392; amended to be effective February 6, 2002, 27 TexReg 747; amended to be effective June 9, 2004, 29 TexReg 5626; amended to be effective December 7, 2011, 36 TexReg 8231