Rule 30-1-5.3 - Enrollment in Board-Approved Peer Review ProgramRule 5.3.1. A practice unit which has not performed any engagement as defined in paragraph 1 of this rule during the 12 months prior to registration per Chapter 3 shall be exempt from enrollment in a peer review program but not from registering with the Board.Rule 5.3.2. Unless exempt under Rule 5.3.1. or 5.5. each ongoing practice unit shall complete a peer review once every three years in order to register with the Board or earlier as may be required by the sponsoring organization. It is the responsibility of the firm to anticipate its needs for peer review services in sufficient time to enable the reviewer to complete the peer review by the assigned review due date.Rule 5.3.3. Unless exempt under Rule 5.3.1., each new practice unit shall enroll in the program of an approved sponsoring organization within one year from its initial permitting date or the performance of accounting and/or auditing services that require a review. The practice unit shall adopt the review date assigned by the sponsoring organization and must notify the board of the date within 30 days of its assignment.Rule 5.3.4. The Board may accept an extension, not to exceed 180 days, as granted by the sponsoring organization to conduct a review, provided the board is notified by the practice unit within 30 days of the date of such an extension.Rule 5.3.5. A practice unit choosing to change to another sponsoring organization may do so provided that the practice unit authorizes the previous sponsoring organization to communicate to the succeeding sponsoring organization any outstanding corrective actions related to the practice unit's most recent review. Any outstanding actions must be cleared prior to transfer between sponsoring organizations.Rule 5.3.6 A firm that has been rejected by a sponsoring organization for whatever reason shall notify the Board within 30 days of: (1) Name of sponsoring organization rejecting the enrollment;(2) Reasons for the rejection;(3) Name of subsequently selected sponsoring organization.Rule 5.3.7. In the event a practice unit is sold, dissolved, or merged with the practice of one or more other practice units, determination of successor or predecessor practice unit(s), peer review year-end(s) and the peer review due date(s) will be made in accordance with the sponsoring organization's guidance. Miss. Code Ann. § 73- 33-5 (f)