Idaho Admin. Code r. 24.30.01.208 - EXEMPTION FROM PARTICIPATION
01.
Firms. A firm that does not perform any of the services in Rule
502 is exempt from peer review. The
firm is to notify the Board of such exemption in writing at the time of renewal
of its registration. A firm that begins providing these services is to commence
a peer review within eighteen (18) months of the date of the issuance of its
initial report. (3-28-23)
02.
Licensees Not in Public Practice. A licensee who does not perform
any of the services in Rule
502 is exempt from firm
registration and peer review. The licensee is to notify the Board of such
exemption in writing at the time of initial CPA licensure and annually
thereafter at the time of CPA or LPA license renewal. (3-28-23)
03.
Licensees Not Issuing
Reports. A licensee who issues financial statements pursuant to Section
54221(5), Idaho
Code, is exempt from peer review. (3-28-23)
Notes
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