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1105.5200 QUALIFICATIONS OF REVIEWER.

The reviewer shall have the following minimum qualifications:

A.

hold a certificate with an active status or permit as a CPA or a firm, from any state; and have undergone at least one peer review;

B.

have knowledge and experience with the type of reports and financial statements to be reviewed, including experience in supervision of the preparation of the reports and statements;

C.

be independent of the firm under review;

D.

have no conflict of interest;

E.

be familiar with all services in the area of auditing and accounting provided by the firm subject to review;

F.

be familiar with the procedure for conducting a peer review according to professional standards for reviews; and

G.

have the expertise, experience, and qualifications to conduct a peer review.

Statutory Authority:

MS s 197.4552; 326.18; 326A.02

History:

27 SR 1425; 33 SR 476; 40 SR 953

Published Electronically:

February 15, 2016