We shall not violate the confidential relationship between themselves and their clients or former clients.
We shall not offer or render a professional service for a contingent fee during any period where the professional service consists of an audit engagement, a review engagement or a compilation engagement, including the period of time covered by any historical financial statements involved while performing an audit, a review or a compilation engagement; further, a member shall not offer to accept or accept a contingent fee for the preparation of original or amended tax returns or claims for tax refunds.
A firm of which we are a partner or shareholder shall not express an opinion on financial statements of an enterprise unless they and their firm are independent of such enterprise. Accordingly, we shall not express an opinion nor perform a review or compilation of financial statements of an enterprise financed in whole, or in part, by public distribution of securities or on financial statements for use as a basis of credit if they or members of their immediate family own or are committed to acquire a substantial financial interest in the enterprise, or during the period covered by an audit, review or compilation, they have been a director, officer or employee of the enterprise unless such interest or relationship is disclosed in the report.
We shall be diligent, thorough and completely candid in expressing an opinion or other assurance on financial statements they have audited, reviewed or compiled.
We shall not sign an audit report purporting to express their opinion as a result of an audit or examination of financial statements, unless they, or members or employees of their firm, have audited or examined the financial statements.
We shall not permit their names to be used in conjunction with any special purpose statement prepared for their clients that anticipates results of future operations, unless they disclose the source of the information used and what assumptions they have made, and unless they indicate they do not vouch for the accuracy of the forecast.
We shall not seek to obtain clients by advertising or other forms of solicitation in a manner that is false, misleading or deceptive.
We receive an engagement for services by referral from another accountant we shall not discuss or accept an extension of their services beyond the specific engagement without first consulting with the referring practitioner.