N.J. Admin. Code § 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.
13:29-5.8 shall be posted on the Board's
website at http://www.njconsumeraffairs.gov/acc/Pages/default.aspx.
Notes
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