Rules & Regulations of the State of Tennessee
Title 0020 - Accountancy
Chapter 0020-06 - Peer Review Program
Section 0020-06-.03 - REVIEW COMMITTEE

Universal Citation: TN Comp Rules and Regs 0020-06-.03

Current through September 24, 2024

(1) The Board shall appoint a peer review oversight committee (the Committee) to assist it in the implementation of the Program. The Committee shall be comprised of three licensees in good standing, one from each grand division of the state. Committee members shall serve for a term of three (3) years but may be reappointed by the Board at the end of each term.

(2) Each committee member shall:

(a) Be an actively licensed CPA in good standing, and

(b) Possess accounting, attest and peer review experience deemed sufficient by the Board.

(3) The responsibilities of the Committee shall include the following:

(a) Developing procedures for the internal operation of the review.

(b) Developing criteria for approval of reviewers.

(c) Assisting in the selection and training of reviewers.

(d) Developing and recommending a system for the selection of reports and/or workpapers to be reviewed.

(e) Evaluating the determinations and recommendations of the reviewers.

(f) Compiling and reporting the statistics on the impact and effect of the Program.

(g) Monitoring approved peer review programs and reporting periodically to the Board on whether these programs meet the requirements of these rules and Tenn. Code Ann. § 62-1-201 et seq.

(h) Considering such other matters and performing such other duties regarding the Program as may be necessary from time to time.

Authority: T.C.A. §§ 62-1-105, 62-1-111, and 62-1-201.

Disclaimer: These regulations may not be the most recent version. Tennessee 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.