(a) All registrants or CPA firms should arrange and schedule their reviews as required by the peer review standards and in compliance with the administrative procedures established by the administering entity.
(b) A registrant or CPA firm is not subject to review if it represents to the Board that it does not perform engagements as set forth in this Chapter or that it does not report on financial statements that are, or reasonably might be expected to be, used by a third party.
(c) Concurrently with the acceptance of an accounting and/or auditing engagement as set forth in this Chapter, a registrant or CPA firm is subject to practice monitoring and its designated certificate holder must within sixty (60) days notify the Board of the acceptance of an engagement, enroll in a Board approved peer review program, and undergo a review as required under the peer review standards and administrative procedures established by the administering entity.
(d) The Board may accept extensions for registrants or CPA firms undergoing peer reviews granted by administering entities provided that the Board is notified by the registrant or CPA firm within fourteen (14) days from the date of the letter fi-om the administering entity grantmg the extension. Ordinarily, extensions are granted for the following reasons:
061-9 Wyo. Code R. § 9-2