N.J. Admin. Code § 13:29-5.3

Current through Register Vol. 56, No. 23, December 2, 2024

Section 13:29-5.3 - Standards for peer reviews and sponsoring organizations

(a) The Board adopts the 2009 "Standards for Performing and Reporting on Peer Reviews," promulgated by the American Institute of Certified Public Accountants (AICPA), as its minimum standards for review of firms' non-SEC issuer practices. The Standards are incorporated in this subchapter by reference, as amended and supplemented, and may be found at the AICPA website, www.aicpa.org. For public company audit firms, the Board adopts the firm inspection standards of the Public Company Accounting Oversight Board's (PCAOB) inspection process for reviewing SEC issuer practices, which are not included in the scope of peer review programs. The inspection standards are incorporated in this subchapter by reference, as amended and supplemented, and may be found at the PCAOB website, www.pcaob.org. A firm subject to the PCAOB's inspection process is also subject to a peer review of its non-SEC issuer practice, should the firm have such a practice.

(b) A complete list of qualified sponsoring organizations that are approved by the Board pursuant to N.J.A.C. 13:29-5.8shall be posted on the Board's website at http://www.njconsumeraffairs.gov/acc/Pages/default.aspx.

N.J. Admin. Code § 13:29-5.3

Amended by 47 N.J.R. 2380(b), effective 9/21/2015

Amended by 51 N.J.R. 1424(a), effective 9/3/2019