N.J. Admin. Code § 13:29-5.2
The following words and terms, when used in this subchapter, shall have the following meanings unless the context clearly indicates otherwise:
"Firm" means a sole proprietorship, a professional corporation, a partnership, a limited liability company, a limited liability partnership or any other lawful form of business organization.
"Professional Standards" mean the accounting and auditing engagements covered by the Statements on Auditing Standards (SASs); Statements on Standards for Accounting and Review Services (SSARS); Statements on Standards for Attestation Engagements (SSAES); Government Auditing Standards (the Yellow Book) issued by the U.S. Government Accountability Office; audits of non-SEC issuers performed pursuant to the standards of the Public Company Accounting Oversight Board (PCAOB) and any additional engagements defined in the Standards for Performing and Reporting on Peer Reviews promulgated by the AICPA. Professional standards also include those applicable to the audits of issuers performed pursuant to the standards of the PCAOB.
"Review or review program" means the review conducted under the Peer Review Program.
"Review year" means the one-year (12-month) period covered by the review. Engagements selected for review normally would have periods ending during the year under review.
"Special reports" means reports issued under professional standards in connection with the following: specified elements, accounts, or items of a financial statement; compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements; financial presentations to comply with contractual agreements or regulatory provisions; financial information presented in prescribed forms or schedules that require a prescribed form of auditor's reports; or internal audits by a firm for a client or a governmental entity.
"Sponsoring organization" means an entity approved by the Board, pursuant to 13:29-5.3 or 5.8, to administer the review.
N.J. Admin. Code § 13:29-5.2
See: 27 N.J.R. 1134(a), 27 N.J.R. 2238(a).
Rewrote the definition of "Report".
Amended by R.2000 d.222, effective 6/5/2000.
See: 32 N.J.R. 987(a), 32 N.J.R. 2089(a).
Rewrote the definition of "Practice Unit".
Repeal and New Rule, R.2010 d.181, effective 9/7/2010.
See: 41 N.J.R. 3018(a), 42 N.J.R. 2130(a).
Section was "Definitions".