<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:75:07:11"><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000000">20:75:07:11</span></a><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000001">.  Report -- Findings for further consideration.</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> Within </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">thirty</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> days after the date of the exit conference, the reviewer must issue a written report and, if applicable, findings for further consideration to the reviewed firm. If the reviewer issues th</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">e</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> report after the </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">thirty</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">-day period, the reviewer must submit a </span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">late </span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">fee of </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">one hundred dollars</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> to the board.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002"> </span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    The report and letter must be addressed to the </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">owner</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> of the reviewed firm and must be dated as of the date of the exit conference. The report must include the following:</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002"> </span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    (1)  The year covered by the review;</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    (2)  A statement of the scope of the review;</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    (3)  A description of the general characteristics of a system of quality control, if applicable; and</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    (4)  The reviewer's opinion. If the opinion is pass with deficiency or fail, the report must include a description of the reasons for the deficiency.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002"> </span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    If the reviewer finds deficiencies, the reviewer must issue</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">,</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> to the firm under review</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">,</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> findings outlining the deficiencies and recommend action</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">s</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> to correct the deficiencies.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002"> </span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000001">Source:</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> 29 SDR 16, effective August 14, 2002; 35 SDR 165, effective December 22, 2008; 36 SDR 216, effective July 6, 2010; 39 SDR 33, effective September 5, 2012</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">; 51 SDR 141, effective July 1, 2025</span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000001">General Authority:</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-20B-12"><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000003">36-20B-12</span></a><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">    </span><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000001">Law Implemented:</span><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-20B-36"><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0-000003">36-20B-36</span></a><span class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7C0">.</span></p><p dir="ltr" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7P0"><span xml:space="preserve" class="sfccd2d45-9783-4ab0-82fc-2db3c3abb5a7000002"> </span></p></div></body></html>