Sacramento, Calif. (Aug. 11, 2004) -- As planned, the California Board of Accountancy has issued a regulation notice informing licensees of amendments to its Code of Regulations related to outsourcing disclosures.
Currently, Regulation 54.1 prohibits the disclosure of confidential client information without the client’s permission and provides narrow exceptions to this prohibition. The proposal would revise Section 54.1 to require that the client’s permission be in writing and to provide that, in the event confidential client information may be disclosed to persons or entities outside of the United States, the licensee inform the client in writing and obtain the client’s written permission.
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