Section 1.202. Auditing standards.

  A person licensed to practice as a certified public accountant shall not permit the certified public accountant's name to be associated with financial statements in such a manner as to imply that the certified public accountant is acting as an independent public accountant unless the certified public accountant has complied with the applicable generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants. Statements on auditing standards used by the American Institute of Certified Public Accountants auditing standards board are, for purposes of this chapter, considered to be interpretations of the generally accepted auditing standards, and departures from such statements must be justified by those who do not follow them.

Cr. Register, June, 1974, No. 222 , eff. 7-1-74; cr. (2), Register, February, 1976, No. 242 , eff. 4-1-76; r. and recr. (1) Register, July, 1979, No. 283 , eff. 9-1-79; CR 03-071 : renum. (1) to be Accy 1.202 and am., r. (2) Register May 2004 No. 581 , eff. 6-1-04; 2015 Wis. Act 217 : am. Register May 2016 No. 725 , eff. 6-1-16.