Indiana § 25-2.1-14-3 Property rights in client records and reports of licensee

Indiana Statutes

§ 25-2.1-14-3 — Property rights in client records and reports of licensee

Indiana § 25-2.1-14-3

Title 25PROFESSIONS AND OCCUPATIONS

Art. 2.1ACCOUNTANTS

Ch. 14Client Records

This text of Indiana § 25-2.1-14-3 (Property rights in client records and reports of licensee) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 25-2.1-14-3 (2026).

Text

(a)The following definitions apply throughout this section:

(1)"Client provided records" means accounting or other records belonging to the client that are provided to the licensee by or on behalf of the client.

(2)"Client records prepared by the licensee" means accounting or other records (for example, tax returns, general ledgers, subsidiary journals, and supporting schedules such as detailed employee payroll records and depreciation schedules) that the licensee was engaged to prepare for the client.

(3)"Supporting records" means information not reflected in the client's books and records that are otherwise not available to the client with the result that the client's financial information is incomplete.

(4)"Working papers" includes, but is not limited to, audit programs, analytical

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(a) The following definitions apply
throughout this section:
(1) "Client provided records" means accounting or other records
belonging to the client that are provided to the licensee by or on
behalf of the client.
(2) "Client records prepared by the licensee" means accounting or
other records (for example, tax returns, general ledgers, subsidiary
journals, and supporting schedules such as detailed employee
payroll records and depreciation schedules) that the licensee was
engaged to prepare for the client.
(3) "Supporting records" means information not reflected in the
client's books and records that are otherwise not available to the
client with the result that the client's financial information is
incomplete.
(4) "Working papers" includes, but is not limited to, audit
programs, analytical review schedules, and statistical sampling
results, analyses, and schedules prepared by the client at the
request of the licensee.
(b) All statements, records, schedules, working papers, and
memoranda made by a licensee or a partner, a member, a shareholder,
an officer, a director, or an employee of a licensee, including
information prepared by the client for the work and services rendered
to a client in the practice of accountancy, except the reports submitted
by the licensee to the client and records that are part of the client's
records, must remain the property of the licensee except in an express
agreement between the licensee and the client to the contrary.
(c) Upon a client's request, a licensee is required to provide the
following to the client:
(1) Client provided records in the licensee's custody or control.
(2) Client records prepared by the licensee. However, client
records prepared by the licensee may be withheld if the
preparation of the records is not complete or there are fees due the
licensee for the engagement to prepare those records.
(3) Supporting records related to a completed and issued work
product of a licensee. However, supporting records prepared by
the licensee may be withheld if there are fees due to the licensee
for the specific work product.
(d) A licensee may make and retain a copy of any records returned
to a client. Records may be provided in any format usable to the client.
To the extent practicable, records shall be returned to a client not more
than forty-five (45) days after a request is received.