California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 1 — Accountants, Article 3.5 — Standards of Professional Conduct, Section 5063.10
(a) Any restatement of a financial statement that is included in any report filed with the United States Securities and Exchange Commission shall be exempt from the requirement described in paragraph (1) of subdivision (b) of Section 5063.
(b) Nothing in this section shall be construed to require the reporting of any restatement of a financial statement that is not required to be submitted to the board pursuant to the regulations adopted by the board in effect on the date this section becomes operative.
Notes
Exempts a financial-statement restatement included in a report filed with the U.S. Securities and Exchange Commission from the specified board-reporting requirement. It also makes clear that the provision does not itself require reporting any restatement that board regulations in effect when the provision becomes operative do not already require to be submitted to the board.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 5063.10 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-1/article-3-5/section-5063-10