Minn. R. agency 102, ch. 1105, pt. 1105.7400

Current through Register Vol. 49, No. 24, December 9, 2024

Part 1105.7400 - PEER REVIEW AS CONDITION FOR RENEWAL OF PERMIT

A. The board has established in parts 1105.4600 to 1105.5500 procedures to perform the following functions:

(1) review of financial statements and the reports of registrants on financial statements, to assess their compliance with applicable professional standards;

(2) improvement of reporting practices of licensees through educational and rehabilitative measures;

(3) referrals to the complaint committee of cases requiring further investigation; and

(4) other functions necessary to carry out the peer review process.

B. RAP firms are subject to the peer review requirements imposed on CPA firms.

Minn. R. agency 102, ch. 1105, pt. 1105.7400

27 SR 1425

40 SR 953

Statutory Authority: MS s 326.18; 326A.02