D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 17. BUSINESS, OCCUPATIONS, AND PROFESSIONALS |
Chapter 17-25. ACCOUNTANTS |
Section 17-2549. SPONSORING ORGANIZATIONS
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2549.1Each 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.
2549.2Any 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.
2549.3A 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.
2549.4No firm shall use a peer reviewer to conduct a peer review unless the Board approves the sponsoring organization and its program.