Md. Code, Business Occupations and Professions § 2-4A-04
This is the official text of Md. Code, Business Occupations and Professions § 2-4A-04, part of Maryland’s Code, Business Occupations and Professions — governs professional and occupational licensing.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§2–4A–04.
Official statutory text
(a) A system review is required for a licensee or permit holder that performs any of the following services:
(1) engagements governed by the Statements on Auditing Standards of the American Institute of Certified Public Accountants; or
(2) engagements governed by the government auditing standards issued by the U.S. Government Accountability Office;
(3) examinations of prospective financial information under:
(i) the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants; or
(ii) the government auditing standards issued by the U.S. Government Accountability Office; or
(4) audits of issuers not registered with the U.S. Securities and Exchange Commission that are performed under standards of the Public Company Accounting Oversight Board.
(b) An engagement review is required for a licensee or permit holder not required to have a system review that performs any of the following services:
(1) review of historical financial statements in accordance with the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;
(2) compilation of historical financial statements with disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;
(3) compilation of historical financial statements that omit substantially all disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants; or
(4) engagements performed under the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants other than the examination of prospective financial statements.
(1) engagements governed by the Statements on Auditing Standards of the American Institute of Certified Public Accountants; or
(2) engagements governed by the government auditing standards issued by the U.S. Government Accountability Office;
(3) examinations of prospective financial information under:
(i) the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants; or
(ii) the government auditing standards issued by the U.S. Government Accountability Office; or
(4) audits of issuers not registered with the U.S. Securities and Exchange Commission that are performed under standards of the Public Company Accounting Oversight Board.
(b) An engagement review is required for a licensee or permit holder not required to have a system review that performs any of the following services:
(1) review of historical financial statements in accordance with the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;
(2) compilation of historical financial statements with disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants;
(3) compilation of historical financial statements that omit substantially all disclosures performed under the Statements on Standards for Accounting and Review Services of the American Institute of Certified Public Accountants; or
(4) engagements performed under the Statements on Standards for Attestation Engagements of the American Institute of Certified Public Accountants other than the examination of prospective financial statements.
Status: in_force · Read it on the official government site
Dealing with a business matter in Maryland?
See all Maryland Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.