New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 29 - NEW JERSEY STATE BOARD OF ACCOUNTANCY
Subchapter 5 - PEER REVIEW PROGRAM
Section 13:29-5.8 - Procedures for a sponsoring organization
Universal Citation: NJ Admin Code 13:29-5.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) To qualify as a sponsoring organization, an entity shall submit a peer review administration plan to the Board for review and approval. The plan of administration shall:
1. Establish a program to communicate to firms
participating in the peer review program the latest developments in peer review standards and the most common
finding in the peer reviews conducted by the sponsoring organization;
2. Establish procedures for resolving any disagreement that may arise out
of the performance of a peer review;
3. Establish procedures,
including conducting hearings, to resolve matters that may lead to the dismissal of a firm from the peer
review program;
4. Establish procedures, including the conducting
of hearings, to evaluate and document the performance of each reviewer for compliance with AICPA standards
that may lead to the disqualification of a reviewer who does not meet the standards;
5. Require the maintenance of records of peer reviews conducted under the
program in accordance with the records retention rules of the AICPA; and
6. Provide for periodic reports to the Board on the results of the peer
review program.
Disclaimer: These regulations may not be the most recent version. New Jersey 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.
