061-9 Wyo. Code R. § 9-1

Current through April 27, 2019

Section 9-1 - General Provisions

(a) Registrants or CPA firms with a principal place of business in Wyoming whose accounting and auditing practice includes one or more engagements performed under the AICPA's Statements on Auditing Standards (SAS); Statements on Standards for Accounting and Review Services (SSARS);Statements on Standards for Attestation Engagements (SSAEs); Government Auditing Standards issued by the United States Governmental Accountability Office are subject to review under the requirements of a practice monitoring program at least once every three and one-half years.

• (i) Other registrants or CPA fnms who perform accounting and auditing engagements as set forth in paragraph (a) above for clients with a home office in Wyoming are subject to review under the requirements of a practice monitoring program at least once every three and one-half years.

• (ii) Registrants or CPA firms that audit public companies must comply with the standards required under the Sarbanes-Oxley Act of 2002 and are subject to review as determined by the PCAOB.

(b) All reviews must be carried out in conformity with the AICPA's Standards for Performing and Reporting on Peer Reviews as of January 1, 2009 with Peer Review Standards Interpretations issued through May 22, 2012 or the PCAOB's firm inspection standards with various effective dates last published May 22, 2012. All standards referenced in this Chapter and applicable interpretations thereto are adopted by the Board and do not include any later amendments or editions than specifically referenced. Copies of all standards referenced in the Chapter are available for inspection at the Board office or may be purchased fi-om the AICPA electronically at http://www.cpa2biz.com/Stores/AICPAs. The Government Accountability Office standards may be accessed electronically at http://www.gao.gov/govaudit. The PCAOB's rales and standards may be accessed electronically at http://www.pcaobus.org .

(c) Reviews must be carried out under the supervision of one of the following administering entities:

• (i) the AICPA Peer Review Boards National Peer Review Committee (PRC);

• (ii) a CPA Society or group of state CPA societies fully involved in the administration of the AICPA's peer review program;

• (iii) other entities fully involved in the administration of the AICPA's peer review program approved by the AICPA Peer Review Board; or

• (iv) any other entities whose Board approved Peer Review Program is governed by the AICPA Standards for Performing and Reporting on Peer Reviews ; or

• (v) the PCAOB.

(d) The Board may contact the administering entity to verify the validity of the documentation submitted by the registrant.

061-9 Wyo. Code R. § 9-1