9(a) 10“Licensee” means a licensed firm or public accounting firm as defined in s. 23473.302(7)24and engaged in the practice of public accounting as defined in s. 36473.302(8)(a)37that is required to be licensed under s. 45473.310146.
47(b) 48“Peer review” means the study, appraisal, or review by one or more independent certified public accountants of one or more aspects of the professional work of a licensee.
76(2) 77The board shall adopt rules establishing minimum standards for peer review programs, including, but not limited to, standards for administering, performing, and reporting peer reviews. The board shall also adopt rules establishing minimum criteria for the board’s approval of one or more organizations that facilitate and administer peer review programs.
127(3) 128For the purposes of maintaining oversight of the license renewal requirements of s. 141473.311(2), 142the board may establish a peer review oversight committee, which shall be composed of at least three, but no more than five, members who are licensed under this chapter and whose firms are subject to s. 178473.311(2)179and have received a review rating of “pass” on the most recent peer review.
193(4) 194Effective January 1, 2015, a licensed firm or public accounting firm as defined in s. 209473.302(7)210and licensed under s. 214473.3101215and engaged in the practice of public accounting as defined in s. 227473.302(8)(a), 228except for the performance of compilations and reviews as those terms are defined by the board, must be enrolled in a peer review program.
