California Law Business And Professions Code Division 3 Chapter 1 Article 2 Section 5037
(a) All statements, records, schedules, working papers and
memoranda made by a licensee or a partner, shareholder, officer,
director, or employee of a licensee, incident to, or in the course
of, rendering services to a client in the practice of public
accountancy, except the reports submitted by the licensee to the
client and except for records which are part of the client's records,
shall be and remain the property of the licensee in the absence of
an express agreement between the licensee and the client to the
contrary. No such statement, record, schedule, working paper, or
memoranda shall be sold, transferred, or bequeathed, without the
consent of the client or his or her personal representative or
assignee, to anyone other than one or more surviving partners or
stockholders or new partners or stockholders of the licensee, or any
combined or merged firm or successor in interest to the licensee.
(b) A licensee shall furnish to his or her client or former
client, upon request and reasonable notice:
(1) A copy of the licensee's working papers, to the extent that
those working papers include records that would ordinarily constitute
part of the client's records and are not otherwise available to the
(2) Any accounting or other records belonging to, or obtained from
or on behalf of, the client which the licensee removed from the
client's premises or received for the client's account. The licensee
may make and retain copies of documents of the client when they form
the basis for work done by him or her.
Last Update: 10/10/2011
This statute has not yet been linked to any case law. Click "Edit Article" above to list relevant case law.
Plain English Description
Familiar with this statute? Click "Edit Article" above to add your own plain-English description.
This statute still needs to be commented on. Click "Edit Article" above to add your two cents.