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24.201.706    COMPETENCE

(1) A firm or permit holder shall not undertake any engagement for the performance of professional services unless the following general standards are met:

(a) a firm or permit holder shall undertake only those engagements which the firm or permit holder can reasonably expect to complete with professional competence, including compliance where applicable, with ARM 24.201.718;

(b) a firm or permit holder shall adequately plan and supervise an engagement; and

(c) a firm or permit holder shall obtain sufficient relevant data to afford a reasonable basis for conclusions or recommendations in relation to an engagement.

History: 37-1-131, 37-50-203, MCA; IMP, 37-1-131, 37-50-203, MCA; NEW, 1980 MAR p. 2971, Eff. 11/29/80; TRANS, from Dept. of Prof. & Occup. Lic., Ch. 274, L. 1981, Eff. 7/1/81; AMD, 1984 MAR p. 961, Eff. 6/29/84; TRANS, from Commerce, 2005 MAR p. 2668; AMD, 2009 MAR p. 9, Eff. 1/16/09.

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