PURPOSE: This rule clarifies section 326.289.9, RSMo which specifies requirements for firms that are subject to peer review.

1. (1) As of January 1, 2004, any firm seeking renewal of its permit to practice public accounting, and which has been engaged to perform more than two (2) attest services in any calendar year, shall enroll in the Missouri Society of Certified Public Accountants (MSCPA) peer review administration program, or an approved peer review program as prescribed in 20 CSR 2010-5.070. The firm must enroll in an approved peer review program within ninety (90) days after entering into an engagement for the third attest service in any calendar year. The firm shall be required to verify, on the application to renew an office, that it is enrolled in an approved peer review program.
2. (2) As of January 1, 2004, any out-of-state firm with a Missouri permit, that is not enrolled in a peer review program that satisfies the requirements of this chapter, and which has been engaged to perform more than two (2) attest services in any calendar year, shall enroll in the MSCPA peer review administration program, or an approved peer review program as prescribed in 20 CSR 2010-5.070. The firm must enroll in an approved peer review program within ninety
3. (90) days after entering into an engagement for the third attest service in any calendar year. The firm shall be required to verify, on 20 CSR 2010-5

the application to renew an office, that it is enrolled in an approved peer review program.

1. (3) As of January 1, 2008, any firm seeking renewal of its permit to practice public accounting, and which has performed one (1) or more attest engagements, reviews, or compilations, in any calendar year, shall enroll in the MSCPA peer review administration program, or an approved peer review program as prescribed in 20 CSR 2010-5.070. The firm must enroll in an approved peer review program within ninety (90) days after entering into an engagement for its first attest, review, or compilation service. The firm shall be required to verify, on the application to renew an office, that it is enrolled in an approved peer review program.

AUTHORITY: sections 326.271 and 326.289.9, RSMo Supp. 2009.* This rule originally filed as 4 CSR 10-5.080. Original rule filed Nov. 3, 2003, effective June 30, 2004. Moved to 20 CSR 2010-5.080, effective Aug. 28, 2006. Amended: Filed Feb. 23, 2010, effective Aug. 30, 2010. *Original authority: 326.271, RSMo 2001, amended 2002 and 326.289, RSMo 2001, amended 2002, 2008.