§ 11.82. Effective dates for peer review compliance; proof of compliance or exemption.

 (a)  Unless subject to an exemption under section 8.9(g) of the act (63 P. S. §  9.8i(g)), a firm that performs an audit engagement after May 1, 1998, shall complete an onsite peer review before the license biennium that begins May 1, 2002.

 (b)  Unless subject to an exemption under section 8.9(g) of the act, a firm that performs a review engagement, but not an audit engagement, after May 1, 1998, shall complete an offsite peer review before the license biennium that begins May 1, 2006.

 (c)  A nonexempt firm that performs an audit or review engagement shall submit with its application for initial licensure or license renewal a letter from the peer review administering organization that evidences the firm’s completion of a peer review.

 (d)  A firm that performs an audit or review engagement is entitled to an exemption from peer review if any of the three conditions in section 8.9(g) of the act apply. A firm claiming an exemption shall submit with its application for initial licensure or license renewal information that substantiates its entitlement to an exemption as follows:

   (1)  Exemption under section 8.9(g)(1) of the act. Both of the following:

     (i)   A letter from an out-of-State peer review administering organization evidencing the firm’s completion of a peer review, within 3 years prior to the date of the application, that meets the requirements of the act and this chapter.

     (ii)   A statement that the firm’s internal inspection or monitoring procedures require that the firm’s personnel from an out-of-State office to perform an inspection of the firm’s Pennsylvania offices at least once every 3 years.

   (2)  Exemption under section 8.9(g)(2) of the act. A notarized statement from the firm that the following conditions have been met:

     (i)   The firm has not accepted or performed any audit or review engagement during the preceding 2 years.

     (ii)   The firm does not intend to accept or perform any audit or review engagement during the next 2 years.

     (iii)   The firm agrees to notify the Board within 30 days of accepting an audit or review engagement and to undergo a peer review within 18 months of commencing the engagement.

   (3)  Exemption under section 8.9(g)(3) of the act. One or more of the following:

     (i)   A physician’s statement that a specified medical condition prevents the firm from completing a timely peer review.

     (ii)   A statement from the appropriate military authority that military service prevents the firm from completing a timely peer review.

     (iii)   A notarized statement from the firm setting forth unforeseen exigent circumstances that prevent the firm from completing a timely peer review.

   The provisions of this §  11.82 issued under section 8.9(c) of the CPA Law (63 P. S. §  9.8i(c)).

   The provisions of this §  11.82 adopted December 1, 2000, effective December 2, 2000, 30 Pa.B. 6194.

   This section cited in 49 Pa. Code §  11.81 (relating to definitions).