{"data":{"id":"us-md/md.-code-business-occupations-and-professions-2-102","jurisdiction":"us-md","citation":"Md. Code, Business Occupations and Professions § 2–102","heading":"","body":"(a) If the person does not engage in any activity expressly included in the definition of practice certified public accountancy, this title does not prohibit:\n(1) an individual from serving as an employee of or assistant to a licensee or permit holder;\n(2) a public official or public employee from performing the duties of the position of that individual; or\n(3) a person from providing or offering to the public bookkeeping and accounting services, including:\n(i) development or installation of a bookkeeping system;\n(ii) recordation or presentation of financial information;\n(iii) preparation of:\n1. a financial statement;\n2. a compilation of a financial statement that:\nA. does not reference the Statements on Standards for Accounting and Review Services issued by AICPA; and\nB. expressly states that the person has not undergone and is not required to undergo peer review;\n3. a report;\n4. a schedule; or\n5. an exhibit; or\n(iv) any similar activity.\n(b) This title does not prohibit a licensee or permit holder from:\n(1) employing a certified public accountant licensed by another state or a foreign country; or\n(2) listing that individual as a certified public accountant, if the individual qualifies for a practice privilege under § 2–321 of this title.\n(c) The Board shall adopt regulations that specify the language of the disclosure statement relating to exemption from peer review that is required to be included in a compilation of a financial statement prepared under subsection (a)(3)(iii)2 of this section.","path":["Article - Business Occupations and Professions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbo\u0026section=2-102","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:13Z","sha256":"62ab0ebe08c630f44ee657ad4e2d9bf3f793cfc2ea215418af45a081a30817fd","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-occupations-and-professions-2-101","next":"us-md/md.-code-business-occupations-and-professions-2-201"},"notice":"GroundRules: Original legal text. Not legal advice."}