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09.24.06.00.htm 09.24.06.00. Title 09 MARYLAND DEPARTMENT OF LABOR Subtitle 24 BOARD OF PUBLIC ACCOUNTANCY Chapter 06 Peer Review Authority: Business Occupations and Professions Article, §2-207 and 2-4A-01―2-4A-06, Annotated Code of Maryland
09.24.06.01.htm 09.24.06.01. 01 Scope.. A. A firm that provides any of the services described in Business Occupations and Professions Article, §2-4A-04, Annotated Code of Maryland, shall be required to undergo, at least once every 3 years, a peer review as a condition of permit renewal.B. A licensee who provides any of the services described in Business Occupations and Professions Article, §2-4A-04, Annotated Code of Maryland, in a firm holding a permit issued by the Board is not required to undergo a separ
09.24.06.02.htm 09.24.06.02. 02 Requirements for Peer Reviews.. A. In order to qualify for purposes of license or permit renewal, a peer review shall be conducted in an approved peer review program in accordance with:1) The Standards for Performing and Reporting on Peer Reviews of the American Institute of Certified Public Accountants; or2) An equivalent set of standards approved by the Board.. B. The Board shall maintain on its website a list of all approved peer review programs and standards.
09.24.06.03.htm 09.24.06.03. 03 Requirements for Peer Reviewers.. A. Approval by the Board.. 1) Before conducting a peer review, an individual shall be approved by the Board.. 2) An individual seeking Board approval as a peer reviewer shall file an application on a form provided by the Board.3) An individual who is authorized as a peer reviewer by a program approved by the Board shall be provisionally approved by the Board pending verification of the individual's qualifications.
09.24.06.04.htm 09.24.06.04. 04 Peer Review Reporting.. A. An approved peer review program shall notify the Board upon completion of a peer review within that program that is intended to satisfy the peer review requirements of the Maryland Public Accountancy Law.B. A peer reviewer shall ensure that a copy of the report of findings is provided to the Board only under the circumstances set forth in Business Occupations and Professions Article, §2-4A-05(e) Annotated Code of Maryland.
09.24.06.9999.htm 09.24.06.9999. Administrative History Effective date: October 9, 2006 (33:20 Md. R. 1615).
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