review of financial statements and the reports of registrants on financial statements, to assess their compliance with applicable professional standards;
improvement of reporting practices of licensees through educational and rehabilitative measures;
referrals to the complaint committee of cases requiring further investigation; and
other functions necessary to carry out the peer review process.
RAP firms are subject to the peer review requirements imposed on CPA firms.
27 SR 1425; 40 SR 953
February 15, 2016