Section 9-3 - Reporting to the Board (a) No later than June 30 of each year, registrants or CPA firms with reviews scheduled in the prior calendar year must submit to the Board a copy of peer review documents as follows: - (i) If the report is designated"Pas§', a copy of the report and acceptance letter;
- (ii) If the report is designated"Pass with Deficiencies'or'fair, a copy of the report, reviewed firm's letter of response, and letter(s) signed by the firm accepting the documents with the understanding that the firm agrees to take any actions required by the sponsoring organization; and the letter signed by the sponsoring organization notifying the firm that required actions have been appropriately completed;
- (iii) If an inspection report by the PCAOB, a copy of any final report, documentation of any significant issues and findings, and the registrantfs or CPA firm's response.
- (iv) Firms may meet the requirement in Section 4(a)(i)-(ii) by participating in the AICPA Facilitated State Board Access (FSBA) program which authorizes the administering entity to release peer review results to the state boards of accountancy.
(b) A registrant who is employed by state or federal government or political subdivision thereof and who provides services that subject hun to peer review under this chapter is not required to submit reports to the Board imder this section.