Current through Bulletin 2021-14, July 15, 2021
Section R156-26a-201 - Advisory Peer Committees Created -Membership - Duties(1) There is created in accordance with Subsection 58-1-203(1)(f) the Education Advisory Committee to the Utah Board of Accountancy, consisting of one full-time faculty member from each of five or more colleges or universities in Utah which has an accredited program as set forth in Subsections R156-26a-302a(1)(a) through (c), a majority of which shall be licensed CPAs.(2) The Education Advisory Committee shall be appointed and serve in accordance with Section R156-1-205. The duties and responsibilities of the Education Advisory Committee shall include assisting the Division in collaboration with the Board in their duties, functions, and responsibilities and shall include: (a) advising the Board as to the acceptability of an educational institution;(b) assisting the Board to make a final determination pursuant to R156-26a-302a(5)(c) of whether an applicant is qualified to sit for the AICPA examination; and(c) advising the Board regarding proposed changes to rules.(3) The committee shall consider, when advising the Board of the acceptability of the educational institution, the following: (a) the institution's accreditation;(b) the acceptability by other state licensing boards;(c) the faculty qualifications; and(d) other educational resources.(4) There is created in accordance with Subsection 58-1-203(1)(f), the Peer Review Committee to the Utah Board of Accountancy consisting of not more than ten licensed CPAs. The committee shall be appointed and serve in accordance with Section R156-1-205.(5) The duties and responsibilities of the Peer Review Committee shall be advising the Board on peer reviews matters and shall include: (a) reviewing the results of peer reviews administered by approved organizations and requiring corrective action of firms with significant deficiencies noted in the review process when considered necessary in addition to those required by the administering organization;(b) evaluating compliance of CPE programs;(c) performing random audits to determine compliance with the CPE requirements and the standards for CPE programs;(d) reviewing complaints and recommending whether certain acts, practices or omissions violate the ethical standards of the profession;(e) providing technical assistance to the Division; and(f) serving as expert witnesses at administrative hearings.
Utah Admin. Code R156-26a-201Amended by Utah State Bulletin Number 2019-23, effective 11/7/2019