{"data":{"id":"us-mi/mich.-comp.-laws-339.731","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 339.731","heading":"Commission or referral fee.","body":"Sec. 731.\n\nExcept as otherwise provided in this section, a certified public accountant may perform services for or receive for services a commission as long as the certified public accountant discloses that arrangement to the person to whom the certified public accountant recommends or refers a product or service to which the commission relates.\n\nA licensed certified public accountant shall not receive a commission for recommending or referring to a client a product or service or for causing to be recommended, referred, or supplied to a client a product or service during the period in which a licensee or a licensee's firm is engaged by the client to perform 1 or more of the following services or during the period of time covered by any historical financial statements in those services:\n\nAn audit or review of a financial statement.\n\nA compilation of financial statement when the licensee expects, or may reasonably expect, that a third party will use the financial statement and that the compilation report does not disclose a lack of independence.\n\nAn examination of prospective financial information.\n\nThis section does not prohibit a licensee from paying or receiving a referral fee for recommending or referring a service involving the practice of public accounting if the payment or receipt of the referral fee is disclosed to the client.","path":["MI Code","Chapter 339","Act Act-299-of-1980"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-339-731","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"67d5b657f6210317ca7bb867d80affa72d1f1ccafc510eebbfa0bb3b80e4972a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-339.730","next":"us-mi/mich.-comp.-laws-339.732"},"notice":"GroundRules: Original legal text. Not legal advice."}