Texas Administrative Code
Title 22 - EXAMINING BOARDS
Part 22 - TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
Chapter 527 - PEER REVIEW
Section 527.9 - Procedures for a Sponsoring Organization
Universal Citation: 22 TX Admin Code ยง 527.9
Current through Reg. 49, No. 38; September 20, 2024
(a) To qualify as a sponsoring organization, an entity must submit a peer review administration plan to the board for review and approval by the PROB. The plan of administration must:
(1) establish a PRRC and subcommittees as
needed, and provide professional staff as needed for the operation of the peer
review program;
(2) establish a
program to communicate to firms participating in the peer review program the
latest developments in peer review standards and the most common findings in
the peer reviews conducted by the sponsoring organization;
(3) establish procedures for resolving any
disagreement which may arise out of the performance of a peer review;
(4) establish procedures to resolve matters
which may lead to the dismissal of a firm from the peer review program, and
conduct hearings pursuant to those procedures;
(5) establish procedures to evaluate and
document the performance of each reviewer, and conduct hearings, which may lead
to the disqualification of a reviewer who does not meet the AICPA
standards;
(6) require the
maintenance of records of peer reviews conducted under the program in
accordance with the records retention rules of the AICPA; and
(7) provide for periodic reports to the PROB
on the results of the peer review program.
(b) A sponsoring organization is subject to review by the board and the PROB.
Disclaimer: These regulations may not be the most recent version. Texas 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.
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