CBA revises regulations regarding disclosure.
| Position | Outsourcing - Brief Article |
The California Board of Accountancy has approved plans to expand a 14-year-old disclosure requirement regarding outsourcing.
The board plans to revise Sec. 54.1 of Title 16 of the California Code of Regulations, which prohibits the disclosure of confidential client information without the client's consent.
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The planned revisions include a requirement that the consent from clients to outsource their financial information be in writing.
Sec. 54.1 also will be revised to indicate that, when the CPA...
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