30 Miss. Code. R. 1-5.5 - Effect of Consecutive Deficient Reports

Rule 5.5.1. A firm, including a succeeding firm which receives two (2) consecutive pass with deficiencies reports and/or one (1) fail report, may be required by the Board or its designee to have an accelerated peer review within eighteen (18) months from the year end of the firm's last peer review. Such firm may also be subject to investigation and discipline by the Board or representatives of the Board.

Rule 5.5.2. If the accelerated review required by Rule 5.5.1 results in a deficient report:

(1) The firm may complete any service requiring a peer review for which field work has already begun only if:

(a) Prior to issuance of any report, the engagement is reviewed and approved by a third party reviewer acceptable to the Board or its designee; and

(b) The engagement is completed within ninety (90) days of the acceptance of the peer review report, and letter of response (when applicable) by the sponsoring organization;

(2)The firm shall be referred to the Board Investigator for enforcement investigation.

(3)A firm may petition the Board for a waiver from the provisions of this rule.

Notes

30 Miss. Code. R. 1-5.5

Miss. Code Ann. § 73- 33-5 (f)

Amended 10/16/2016