South Carolina § 40-2-610 - Disclaimer.
Full text of South Carolina South Carolina Code of Laws § 40-2-610 — Disclaimer., with citation guidance and answers to common questions.
§ 40-2-610. Disclaimer.
An accounting practitioner or firm of accounting practitioners is permitted to associate his or the firm's name with compiled financial statements as defined by SSARS, provided that a disclaimer is used that complies with the most recent version of SSARS and that a statement in the report provides:
"I / we have not audited or reviewed the accompanying financial statements, and I am / we are prohibited by law from expressing an opinion on them".
HISTORY: 1996 Act No. 453, SECTION 1; 2004 Act No. 289, SECTION 1; 2019 Act No. 68 (H.3785), SECTION 8, eff May 16, 2019. Formerly Code 1976 SECTION 40-2-340, renumbered and amended by 2022 Act No. 174 (S.812), SECTION 1, eff May 16, 2022.
Effect of Amendment
2019 Act No. 68, SECTION 8, rewrote the section, removing the existing boilerplate language required and instead providing that such disclaimers must comply with certain national standards.
2022 Act No. 174, SECTION 1, substituted "SSARS, provided that a disclaimer is used that complies with the most recent version of SSARS and that" for "Professional Standards for Accounting and Review Services, provided a disclaimer is used that complies with the most recent version of the statement on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants and" and made nonsubstantive changes to the statement.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-2-610
What does South Carolina Code of Laws § 40-2-610 cover?
Section 40-2-610 ("Disclaimer.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 40-2-610?
A common citation format is "South Carolina Code of Laws § 40-2-610" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 40-2-610 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.