The reviewer shall have the following minimum qualifications:
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;
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;
be independent of the firm under review;
have no conflict of interest;
be familiar with all services in the area of auditing and accounting provided by the firm subject to review;
be familiar with the procedure for conducting a peer review according to professional standards for reviews; and
have the expertise, experience, and qualifications to conduct a peer review.
27 SR 1425; 33 SR 476; 40 SR 953
February 15, 2016
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