Section 24.30.01.208 - EXEMPTION FROM PARTICIPATION01.Firms. A firm that does not perform any of the services in Rule 207 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.02.Licensees Not in Public Practice. A licensee who does not perform any of the services in Rule 207 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.03.Licensees Not Issuing Reports. A licensee who issues financial statements pursuant to Section 54-221(5), Idaho Code, is exempt from peer review.Idaho Admin. Code r. 24.30.01.208