82. A lawyer must not act for a client respecting a matter or issue which could have a significant effect on the financial statements of the client for a given fiscal year when, for the same period, he or a person from the same firm is responsible for an audit or review engagement within the meaning of the CPA Canada Handbook.
However, in the case of a review engagement, the lawyer may act for a client in the following cases:
(1) the client is a partnership or legal person that has not made a public distribution of its securities; or
(2) the client knowingly waived the benefit of the rule set forth in the first paragraph or, where the client is a legal person or partnership, its shareholders or members unanimously waived such rule.