Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 2010 - Missouri State Board of Accountancy
Chapter 5 - Peer Review
Section 20 CSR 2010-5.080 - Firms Subject to Peer Review Requirements

(1) Any firm which has performed one (1) or more attest engagements, reviews, or compilations, in any calendar year, shall enroll in an approved peer review program.

(2) The firm must enroll in an approved peer review program within ninety (90) days after entering into an engagement for its first attest, review, or compilation service.

(3) The firm's initial peer review shall be completed within eighteen (18) months of enrollment. Peer reviews shall occur at least once every three (3) years.

(4) The firm shall verify that it is enrolled in an approved peer review program.

(5) The firm shall verify that any member of the firm who is responsible for supervising attest or review services, or who signs, or authorizes someone to sign, the firm's report on attest or review engagements on behalf of the firm, has met the competency requirements as prescribed in 20 CSR 2010-2.061.

(6) For firms that are enrolled in an approved peer review program in another state, the firm shall verify that the office follows the same quality control policies and procedures established by the firm that has been subjected to the peer review process in the other state.

(7) The peer review standards, requirements, administration, and oversight set forth in 20 CSR 2010-5.070 through 20 CSR 2010-5.110 shall not be applicable to any peer review proceedings conducted pursuant to section 326.310.3, RSMo, unless the board so authorizes on a case-by-case determination. In conducting a peer review pursuant to section 326.310.3, RSMo, the board shall have complete oversight of and access to the peer review process and report.