SDCL § 58-43-9.1: Disqualification of accountant.

No person or firm may be recognized as a qualified independent certified public accountant if the person or firm:

(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

(2) Has either directly or indirectly entered into an agreement of indemnity or release from liability with respect to the audit of the insurer.