Minn. R. agency 102, ch. 1105, pt. 1105.5200

Current through Register Vol. 49, No. 24, December 9, 2024

Part 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.

Minn. R. agency 102, ch. 1105, pt. 1105.5200

27 SR 1425; 33 SR 476

40 SR 953

Statutory Authority: MS s 326.18; 326A.02