Responsibilities to Colleagues

(1) Combined and/or Consolidated Statements. Where a certified public accountant is required to express an opinion on combined or consolidated financial statements which include a subsidiary, branch or other component audited by another certified public accountant, the licensee may insist on auditing any such component which in the licensee’s judgment is necessary to warrant the expression of the licensee’s opinion. (2) Referral Engagements. A certified public accountant who receives an engagement for services by referral from another certified public accountant shall not accept the client's request to extend the licensee’s service beyond the specific engagement without first notifying the referring accountant.