PURPOSE: This rule specifies the standards for peer review.

PUBLISHER’S NOTE: The secretary of state has determined that publication of the entire text of the material that is incorporated by reference as a portion of this rule would be unduly cumbersome or expensive. This material as incorporated by reference in this rule shall be maintained by the agency at its headquarters and shall be made available to the public for inspection and copying at no more than the actual cost of reproduction. This note applies only to the reference material. The entire text of the rule is printed here.

1. (1) The Missouri State Board of Accountancy (the board) specifies that the “Standards for Performing and Reporting on Peer Reviews” (June 2021), as promulgated by the American Institute of Certified Public Accountants (AICPA), which is incorporated by reference in this rule, shall satisfy the requirements of section 326.289.9, RSMo. A printed copy or copy on CD-ROM of the “Standards for Performing and Reporting on Peer Reviews (June 2021)” may also be obtained from the American Institute of Certified Public Accountants, 220 Leigh Farm Road, Durham, NC 27707, or http://www.aicpa.org. This rule does not incorporate any subsequent amendments or additions.
2. (2) The term “approved peer review program” shall mean any approved AICPA peer review program or a peer review administration program of a state board of accountancy which meets or exceeds the AICPA Standards for Performing and Reporting on Peer Reviews.

AUTHORITY: section 326.271, RSMo 2016, and section 326.289.9, RSMo Supp. 2021.* This rule originally filed as 4 CSR 10-5.070. Original rule filed Nov. 3, 2003, effective June 30, 2004. Moved to 20 CSR 2010-5.070, effective Aug. 28, 2006. Amended: Filed Feb. 23, 2010, effective Aug. 30, 2010. Amended: Filed Aug. 15, 2012, effective Feb. 28, 2013. Amended: Filed Feb. 16, 2022, effective Sept. 30, 2022.

*Original authority: 326.271, RSMo 2001, amended 2002, and 326.289, RSMo 2001, amended 2002, 2008, 2017, 2020.