Compilation of Rules and Regulations of the State of Georgia
Department 20 - RULES OF STATE BOARD OF ACCOUNTANCY
Chapter 20-13 - PEER REVIEW REQUIREMENTS FOR PUBLIC ACCOUNTING FIRMS
Rule 20-13-.02 - Renewal Requirements

Universal Citation: GA Rules and Regs r 20-13-.02

Current through Rules and Regulations filed through September 23, 2024

(1) Each firm that has issued an attest or compilation report within the twenty-four (24) months preceding the date of expiration of the firm's license must submit, with the application for renewal, evidence of satisfactory completion of a Board approved peer review. The Board approved peer review must have been completed within the thirty-six (36) months preceding such firm's registration expiration. Evidence of satisfactory completion shall be the document issued by an organization registered with and approved by the Board for conducting and administrating Board approved peer reviews indicating the type of report and that all remedial/corrective actions, if needed, have been completed and are acceptable.

(2) Each firm that has not issued an attest or compilation report within the twenty-four (24) months preceding the date of expiration of the firm's license must submit written confirmation of such fact with the application for renewal.

(3) Firms that have issued an attest or compilation report within the twenty-four (24) months preceding the date of expiration of the firm's license, but have not had satisfactory completion of a Board approved peer review within the thirty-six (36) months preceding the date of the firm's license shall submit, with the renewal application, the following:

(1) any documents related to a peer review of the firm conducted within the thirty-six (36) months preceding the date of the firm's license expiration; and

(2) a letter explaining the failure to comply. Upon receipt of the above-referenced materials, the Board may deny renewal, waive the peer review requirements, renew with a limited license, or renew with conditions.

(4) Any document submitted to the Board in connection with the requirements of this Rule shall be confidential and not released to the public, pursuant to O.C.G.A. Section 43-3-29.

(5) The application for firm license renewal and documents required under this Rule shall be retained in accordance with the Board's records retention schedule.

O.C.G.A. Secs. 43-3-8, 43-3-17, 43-3-29.

Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.