Section 20-281-8 - Conduct of reviewQuality review shall be conducted as follows:
(1) In the case of a permit holder which performed one or more audits during the year under review, quality review shall include a study and evaluation of audit, review and compilation reports, the financial statements upon which those reports were based and the associated working papers, and shall include procedures sufficient to provide the quality reviewer with a reasonable basis upon which to issue a report as required by subsection (a) of section 20-281-9 of these Regulations;(2) In the case of a permit holder which performed no audit engagements, but did perform one or more review engagements or one or more compilation engagements during the year under review, quality review may be limited to a study and evaluation of review and compilation reports and the financial statements upon which those reports were based, and need not include a study of the associated working papers, but shall include procedures sufficient to provide the quality reviewer with a reasonable basis upon which to issue a report as required by subsection (b) of section 20-281-9;(3) The reviewer shall select the engagements to be reviewed.(4) The quality review shall be limited to reports with a year end date within the year under review.(5) Quality review shall be performed in accordance with a comprehensive set of standards for such reviews generally recognized in the profession as authoritative.Conn. Agencies Regs. § 20-281-8