Section 0020-06-.03 - REVIEW COMMITTEE(1) The Board shall appoint a peer review oversight committee (the Committee) to assist it in the implementation of the Program. The Committee shall be comprised of three licensees in good standing, one from each grand division of the state. Committee members shall serve for a term of three (3) years but may be reappointed by the Board at the end of each term.(2) Each committee member shall: (a) Be an actively licensed CPA in good standing, and(b) Possess accounting, attest and peer review experience deemed sufficient by the Board.(3) The responsibilities of the Committee shall include the following: (a) Developing procedures for the internal operation of the review.(b) Developing criteria for approval of reviewers.(c) Assisting in the selection and training of reviewers.(d) Developing and recommending a system for the selection of reports and/or workpapers to be reviewed.(e) Evaluating the determinations and recommendations of the reviewers.(f) Compiling and reporting the statistics on the impact and effect of the Program.(g) Monitoring approved peer review programs and reporting periodically to the Board on whether these programs meet the requirements of these rules and Tenn. Code Ann. § 62-1-201 et seq.(h) Considering such other matters and performing such other duties regarding the Program as may be necessary from time to time.Tenn. Comp. R. & Regs. 0020-06-.03
Original rule filed August 2, 1996; effective October 16, 1996. Repeal and new rule filed June 10, 1999; effective August 24, 1999. Amendment filed August 15, 2006; effective October 29, 2006.Authority: T.C.A. §§ 62-1-105, 62-1-111, and 62-1-201.