<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-43-9.1 - Disqualification of accountant. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2077261Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077261SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077261CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2077261Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077261DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2077261Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077261000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077261SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077261SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2077261Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-43-9.1"><span class="s2077261SENU">58-43-9.1</span></a><span xml:space="preserve" class="s2077261SENU">. </span><span class="s2077261CL">Disqualification of accountant.</span></p><p dir="ltr" class="s2077261Normal-000000"><span class="s2077261DefaultParagraphFont">No person or firm may be recognized as a qualified independent certified public accountant if the person or firm:</span></p><p dir="ltr" class="s2077261Normal-000001"><span class="s2077261DefaultParagraphFont">(1)    Is not in conformity with the Code of Professional Ethics of the American Institute of CPA's and in all states in which the accountant is licensed to practice, or, for a Canadian or British company, that is not a chartered accountant; or</span></p><p dir="ltr" class="s2077261Normal-000001"><span class="s2077261DefaultParagraphFont">(2)    Has either directly or indirectly entered into an agreement of indemnity or release from liability with respect to the audit of the insurer.</span></p><p dir="ltr" class="s2077261Normal"><span xml:space="preserve" class="s2077261000002"> </span></p><p dir="ltr" class="s2077261Normal"><span class="s2077261SCL">Source:</span><span xml:space="preserve" class="s2077261SCL-000003"> SL 2007, ch 294, § 3.</span></p></div></body></html>