061-9 Wyo. Code R. §§ 9-5 - Reporting to the Board

(a) A firm that enrolls or is required to enroll in a practice-monitoring program shall opt into the Facilitated State Board Access, as administered by the American Institute of Certified Public Accountants, or other national uniform system approved by the Board.

(b) CPA firms that receive a report designated as a "Pass," shall provide, no later than sixty (60) days after a CPA firm is notified of the AE's acceptance:

(i) A copy of the peer review report that has been accepted by the AE; and

(ii) The acceptance letter from the AE.

(c) CPA firms that receive a report designated as a "Pass with Deficiencies" or "Fail," shall notify the Board of the rating, in writing, no later than thirty (30) days after a CPA firm is notified of the rating or notified of the AE's acceptance, whichever occurs first, and provide:

(i) A copy of the peer review report that has been accepted by the AE within thirty (30) days of the AE's acceptance;

(ii) The firm's letter of response accepted by the AE, if applicable, within thirty (30) days of the AE's acceptance;

(iii) The acceptance letter from the AE, within thirty (30) days of the AE's acceptance;

(iv) Letter(s) signed by the firm accepting the documents with the understanding that the firm agrees to take any actions required by the AE, within thirty (30) days from the date the letter is signed by the firm; and

(v) The letter signed by AE notifying the firm that required actions have been appropriately completed, if applicable, within thirty (30) days from the date of the letter.

(d) CPA firms that are required to register with and are subject to inspection by the PCAOB and receive an inspection report by the PCAOB, shall provide no later than sixty (60) days after the report is issued:

(i) A copy of any final report;

(ii) Documentation of any significant issues and findings; and

(iii) The registrant's or CPA firm's response.

(e) A registrant employed by state or federal government or political subdivision thereof and who provides services that subject him to peer review under this chapter is not required to submit reports to the Board under this section.

Notes

061-9 Wyo. Code R. §§ 9-5

Amended, Eff. 4/7/2022.