D.C. Mun. Regs. tit. 17, r. 17-2549

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 17-2549 - SPONSORING ORGANIZATIONS

2549.1

Each sponsoring organization administering a peer review program must have standards of review that are equivalent to or better than the "Standards for Performing and Reporting on Peer Reviews" of the AICPA. The AICPA and other entities fully involved in the administration of the AICPA peer review program are approved by the Board as sponsoring organizations.

2549.2

Any sponsoring organization seeking to administer a peer review program other than that of the AICPA must be approved in advance by the Board. For such approval, the sponsoring organization must establish, to the Board's satisfaction, that its proposed peer review program is substantially equivalent to the AICPA peer review program.

2549.3

A sponsoring organization shall bear the costs of verifying that it is operating the peer review program in compliance with the approved standards for performing peer reviews.

2549.4

No firm shall use a peer reviewer to conduct a peer review unless the Board approves the sponsoring organization and its program.

D.C. Mun. Regs. tit. 17, r. 17-2549

Notice of Final Rulemaking published at 59 DCR 5186 (May 18, 2012)

Authority: The Director of the Department of Consumer and Regulatory Affairs, pursuant to the authority set forth in D.C. Official Code § 47-2853.08(1) (2005 Repl.) and D.C. Official Code 47-2853.10(a)(12) (2005 Repl.)), and Mayor's Order 2000-70, dated May 2, 2000.