If the person does not engage in any activity expressly included in the definition of practice certified public accountancy, this title does not prohibit: an individual from serving as an employee of or assistant to a licensee or permit holder; a public official or public employee from performing the duties of the position of that individual; or a person from providing or offering to the public bookkeeping and accounting services, including: development or installation of a bookkeeping system; recordation or presentation of financial information; preparation of: a financial statement; a compilation of a financial statement that: does not reference the Statements on Standards for Accounting and Review Services issued by AICPA; and expressly states that the person has not undergone and is not required to undergo peer review; a report; a schedule; or an exhibit; or any similar activity. This title does not prohibit a licensee or permit holder from: employing a certified public accountant licensed by another state or a foreign country; or listing that individual as a certified public accountant, if the individual qualifies for a practice privilege under § 2–321 of this title. The Board shall adopt regulations that specify the language of the disclosure statement relating to exemption from peer review that is required to be included in a compilation of a financial statement prepared under subsection (a)(3)(iii)2 of this section.