New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 29 - NEW JERSEY STATE BOARD OF ACCOUNTANCY
Subchapter 5 - PEER REVIEW PROGRAM
Section 13:29-5.7 - Peer Review Oversight Committee

Universal Citation: NJ Admin Code 13:29-5.7

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The Board shall annually appoint a standing committee to be known as the Peer Review Oversight Committee (the Committee) to assist the Board in the administration of the Peer Review Program. The Committee shall be responsible for the following:

1. Monitoring sponsoring organizations to provide reasonable assurance that peer reviews are being conducted and reported on in accordance with peer review minimum standards;

2. Reviewing the policies and procedures of sponsoring organization applicants as to their conformity with the peer review minimum standards; and

3. Reporting to the Board on the conclusions and recommendations reached as a result of performing the functions set forth in (a)1 and 2 above.

(b) Information concerning a specific firm or reviewer obtained by the Committee during oversight activities shall be confidential, except as provided under the Open Public Records Act, 47:1A-1 et seq.

(c) The Committee shall consist of no fewer than five members, all of whom shall be holders of active licenses issued under 45:2B-42 et seq. All Committee members shall be licensed certified public accountants, licensed public accountants or registered municipal accountants. At least two Committee members shall also be current members of the Board.

(d) The Committee shall make an annual recommendation to the Board as to the continuing qualifications of a sponsoring organization as an approved sponsoring organization.

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