N.J.S.A. 45:2B-67 — Quality Enhancement Program

45:2B-67 Quality Enhancement Program 26. a. The board may adopt regulations establishing a Peer Review Program for the review of audits, reviews, compilations or other reports issued by licensees or firms engaged in the practice of public accountancy in this State to determine whether the reports comply with accepted accounting and auditing standards. b. Each licensee or firm may be required to submit copies of audits, reviews, compilations or other reports as required by the board. c. The Peer Review Program established under this section may include procedures for review of the reports submitted and for follow-up reviews and remedial and other actions to be taken in cases of reports which are deficient or in some other manner are not in compliance with applicable accounting and auditing standards. The board may exempt firms which have reports reviewed under a program conducted by other states or other public or private entities which the board finds to be equal to or to exceed the Peer Review Program established under P.L.1997, c.259 (C.45:2B-42 et seq.). L.1997, c.259, s.26; amended 2019, c.10, s.14.

This is the verbatim text of N.J.S.A. 45:2B-67, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.