1. (1) For purposes of this Chapter, unless the context otherwise requires:

   1. (a) “Administering Entity” means an entity approved by a Board-approved sponsoring organization to administer the Board-approved peer review program.
   2. (b) “Approved Peer Review Program” means any peer review program conducted by the Board, the Tennessee Society of Certified Public Accountants, or the AICPA or any other similar program conducted by another individual or entity approved by the Board;
   3. (c) “Firm” means CPA firm and PA firm as defined in T.C.A. § 62-1-103;
   4. (d) “Firm Location” means an individual office location of a firm;
   5. (e) “Licensee” means certified public accountant or public accountant;
   6. (f) “Peer Review” shall be defined as in T.C.A. § 62-1-103.
   7. (g) “Peer Review Oversight Committee” (“the Committee”) means a Board-appointed committee for monitoring the Board-approved peer review program, including sponsoring organizations’ Administering Entities, to provide reasonable assurance that Administering Entities and respective Peer Review Committee and Report Acceptance Bodies are functioning in a manner that effectively enforces the performance and reporting of peer review in accordance with peer review standards.
   8. (h) “Sponsoring Organization” means a Board-approved professional association, society, or other organization responsible for the facilitation and administration of peer reviews directly or through its Administering Entities and responsible for the oversight of the Administering Entities pursuant to the sponsoring organization’s peer review standards.

Authority: T.C.A. §§ 62-1-105 and 62-1-201. Administrative History: Original rule filed August 2, 1996; effective October 16, 1996. Repeal and new rule filed June 10, 1999; effective August 24, 1999. Amendment filed October 15, 2003; effective December 29, 2003. Amendment filed October 17, 2003; effective December 31, 2003. Amendments filed June 30, 2025; effective September 28, 2025.