Title 2. Accountants — Subtitle 5. Miscellaneous Provisions
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Occ. & Prof. § 2-501 (2026)
Title 2. Accountants
Subtitle 5. Miscellaneous Provisions
§ 2–501LinkCopy Citation
(a)
(1)
The Board may adopt regulations to:
(i)
require that each office maintained in the State for the practice of accounting by an individual accountant or partnership or corporate permit holder be registered every 2 years with the Board by the individual, partnership, or corporation; and
(ii)
set the procedure to carry out the registration.
(2)
The Board may not charge a fee for any registration required under this section.
(b)
If a licensee or a permit holder fails to register any office as required by a regulation adopted under subsection (a) of this section, the license or permit shall:
(1)
be suspended automatically; and
(2)
remain suspended until the licensee or permit holder complies with the registration requirements adopted under this section.
Md. Code Ann., Bus. Occ. & Prof. § 2-502 (2026)
Title 2. Accountants
Subtitle 5. Miscellaneous Provisions
§ 2–502LinkCopy Citation
(a)
In this section, “accountant’s document”:
(1)
means any of the following documents, if the document is prepared by an accountant in the course of professional service provided to a client:
(i)
a memorandum;
(ii)
a record;
(iii)
a schedule;
(iv)
a statement; or
(v)
a working paper; and
(2)
does not include any document provided by the client to the accountant.
(b)
Unless the client to whom an accountant’s document relates and the accountant expressly agree to the contrary, the accountant’s document is:
(1)
the property of the accountant who prepared it; or
(2)
if the accountant is a partner or employee of an accounting firm, the property of the firm.
(c)
Unless the client or a personal representative or assignee of the client consents, an accountant who holds an accountant’s document that relates to a client may not give, sell, or otherwise transfer the accountant’s document to anyone other than a partner of the accountant.