Alaska Administrative Code
Title 12 - Professional Regulations
Part 1 - Boards and Commissions Subject to Centralized Licensing
Chapter 04 - Board of Public Accountancy
Article 8 - Quality Review
12 AAC 04.600 - Peer review requirements
Universal Citation: 12 AK Admin Code 04.600
Current through February 24, 2025
(a) A permit holder who issued a report on audited or reviewed financial statements during the concluding permit period shall
(1) certify
that within the three years before the date of application for permit renewal,
the permit holder has undergone a peer review that meets the requirements of
(A) American Institute of Certified Public
Accountants, AICPA Standards for Performing and Reporting on Peer
Reviews, June 2023 edition, adopted by reference, excluding any
reference to compilations; or
(B)
National State Auditors Association (NSAA), Peer Review Manual, 2022 edition,
adopted by reference;
(2)
remain in good standing with the organization administering the peer review;
and
(3) submit the most recent
written acceptance report from the AICPA at the request of the board if
required,
(b) In this section,
(1) "organization administering the
peer review" means
(A) a state certified
public accountant society authorized by the American Institute of Certified
Public Accountants (AICPA) Peer Review Board to administer quality reviews;
or
(B) the National State Auditors
Association;
(2) "permit
holder" means a person or firm that holds a permit to practice under
AS
08.04.420.
Authority:AS 08.04.070
AS 08.04.426
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