# 201 KAR 1:180: 201 KAR 1:180. Safe harbor language for nonlicensees to use in connection with a compilation of financial information

> Kentucky · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R180

## Section

- **Citation:** 201 KAR 1:180
- **Heading:** 201 KAR 1:180. Safe harbor language for nonlicensees to use in connection with a compilation of financial information
- **Jurisdiction:** Kentucky
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Kentucky Administrative Regulations / Title 201 (Boards and Commissions) / Chapter 001 / 201 KAR 1:180

## Text

Section 1. Definitions. "Compilation of financial information" means a presentation of financial data, including accompanying notes, derived from accounting records and intended to communicate an entity's economic resources and obligations at a point in time or the changes therein for a period of time and does not contain any reference to or language found in generally-accepted accounting standards and generally-accepted accounting principles. Section 2. Pursuant to KRS 320.380(4), nonlicensees may use the following language in connection with a compilation of financial information and not be in violation of the provisions of KRS Chapter 325 and the accompanying administrative regulations: "The accompanying balance sheet (or _________) of XYZ Company as of 20__ and the related statements of income, (or retained earnings, or cash flows) for the year then ended have been prepared by me (us). The information presented in these financial statements is the representation of management (owners)."

## Nearby sections

- [201 KAR 1:020 201 KAR 1:020. Members of board](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R020.md)
- [201 KAR 1:050 201 KAR 1:050. Accountancy license application](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R050.md)
- [201 KAR 1:063 201 KAR 1:063. Certificate of experience](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R063.md)
- [201 KAR 1:081 201 KAR 1:081. Firm license, renewal, and reinstatement](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R081.md)
- [201 KAR 1:100 201 KAR 1:100. Continuing professional education requirements](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R100.md)
- [201 KAR 1:140 201 KAR 1:140. Procedures for the reinstatement or reissuance of a CPA license](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R140.md)
- [201 KAR 1:150 201 KAR 1:150. Procedures for the dissemination of information relative to hearings held before the Kentucky State Board of Accountancy](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R150.md)
- [201 KAR 1:160 201 KAR 1:160. Peer reviews](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R160.md)
- [201 KAR 1:180 201 KAR 1:180. Safe harbor language for nonlicensees to use in connection with a compilation of financial information](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R180.md)
- [201 KAR 1:190 201 KAR 1:190. Examination sections, applications, and procedures](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R190.md)
- [201 KAR 1:200 201 KAR 1:200. Board of Accountancy Scholarship Funding](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R200.md)
- [201 KAR 1:290 201 KAR 1:290. Standards of practice](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R290.md)
- [201 KAR 1:300 201 KAR 1:300. Rules of professional conduct](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R300.md)
- [201 KAR 1:310 201 KAR 1:310. Expungement of minor violation](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R310.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T201_C001_R180. Check the current official text before relying on it. Not legal advice.