PURPOSE: This rule clarifies the requirements for the administration of the peer review process.
- (1) The Missouri Society of Certified Public Accountants (MSCPA) peer review administration program, or any approved American Institute for Certified Public Accountants (AICPA) peer review program, may serve as the provider for peer review administration for Missouri firms. Any schedule of charges for the administration of a firm’s peer review within this state will be determined without regard to membership in any organization, including MSCPA or AICPA.
- (2) Upon request, from the Peer Review Oversight Board (PROB), the administrator shall provide a list containing the names of firms enrolled in, or terminated from, the peer review program. The list shall also include the firm names and addresses, the period covered by their most recently accepted peer review and the date of that peer review. The PROB, as defined in 4 CSR 10- 5.110, may require additional information, or documentation, or individual peer reviews, or may review procedures, if they deem it necessary to ascertain the effectiveness of a peer review program that has been accepted by the PROB.
- (3) Annually by June 1, the PROB shall provide the board a list of firms that are enrolled in an approved peer review program, a list of firms that have not provided the verification required by 4 CSR 10-5.090, and a list of firms terminated from the peer review program. These firms may be determined to be ineligible for renewal by the board.
- (4) Firms determined to be ineligible for renewal for failure to be currently enrolled in an approved peer review program, and/or failure to provide the verifications required by 4 CSR 10-5.090 shall be notified by the board in writing of the reason(s) and shall be advised of its right to file a complaint with the Administrative Hearing Commission.
AUTHORITY: sections 326.271 and 326.289.9, RSMo Supp. 2003.* This rule originally filed as 4 CSR 10-5.100. Original rule filed Nov. 3, 2003, effective June 30, 2004. Moved to 20 CSR 2010-5.100, effective Aug. 28, 2006.
*Original authority: 326.271, RSMo 2001, amended 2003 and 326.289, RSMo 2001, amended 2003.