South Carolina Code of Regulations
Chapter 1 - DEPARTMENT OF LABOR, LICENSING AND REGULATION BOARD OF ACCOUNTANCY
Section 1-09 - Peer Review
Current through Register Vol. 48, No. 3, March 22, 2024
A. As a condition of firm registration and/or renewal (including those firms registered in other jurisdictions operating in this state under practice privilege), a licensed firm providing any of the following services to the public shall enroll in a qualified peer review program.
B. A licensed firm not providing any of the services listed in Paragraph (A) of this regulation is exempt from peer review. Upon the issuance of the first report provided to a client, the firm must enroll in a qualified peer review program. As long as these services are provided, continued participation in a qualified peer review program is required.
C. Acceptable peer review programs are:
D. An authorized peer review program may charge a fee to firms required to participate in the peer review program.
E. Firms shall not rearrange their structure or act in any manner with the intent to avoid participation in peer review.
F. Compliance
G. Ethical duties of reviewer