Information for Professional Corporations Selected for Inspection

A professional corporation (PC) is selected for inspection to determine whether any public accounting activities are being conducted directly through the PC or whether the PC is used only to hold an interest in another public accounting practice which is otherwise subject to practice inspection.

If no public accounting activities are being conducted directly through the PC, and the PC is used solely to hold an interest in another public accounting practice, complete and submit the Declaration for Exemption – Professional Corporations form. For further information regarding exemption from practice inspection, visit our general information page.

If, however, you are conducting any public accounting services directly through the PC, including the issuance of audit or review engagement reports, or communications with respect to compilation engagements, complete the appropriate Planning Questionnaire.

If you are uncertain as to whether the PC is exempt from inspection, please email your questions to our team and include your inspection number and the details of your situation. All questions must be submitted in writing and all responses will be provided in writing.