§ 62. Contingent Fees.
16 CA ADC § 62Barclays Official California Code of Regulations
16 CCR § 62
§ 62. Contingent Fees.
The prohibition in (a)(1) above applies during the period in which the licensee or the licensee's firm is engaged to perform any of the services listed under (a)(1) above and the period covered by any historical financial statements involved in any such listed services.
(b) Except as stated in the next paragraph, a contingent fee is a fee established for the performance of any service pursuant to an arrangement in which no fee will be charged unless a specific finding or result is attained, or in which the amount of the fee is otherwise dependent upon the finding or result of such service.
Solely for purposes of this section, fees are not regarded as being contingent if fixed by courts or governmental entities acting in a judicial or regulatory capacity, or in tax matters if determined based upon the results of judicial proceedings or the findings of governmental agencies in a judicial or regulatory capacity or there is a reasonable expectation of substantive review by a taxing authority.
Credits
Note: Authority cited: Sections 5010 and 5018, Business and Professions Code. Reference: Section 5018, Business and Professions Code.
History
1. Amendment filed 2-14-75; effective thirtieth day thereafter (Register 75, No. 7).
2. Repealer and new section filed 11-20-96; operative 11-20-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 47).
3. Change without regulatory effect amending Note filed 2-27-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 9).
This database is current through 4/12/24 Register 2024, No. 15.
Cal. Admin. Code tit. 16, § 62, 16 CA ADC § 62
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