Purpose

The purpose of the Peer Review Program (Program) is to improve the quality of financial reporting and to assure that the public can rely on the fairness of presentation of financial information on which licensees issue reports. Appropriate educational programs or rehabilitation procedures will PEER REVIEW PROGRAM CHAPTER 0020-06 ordinarily be recommended or required where professional services do not comply with applicable professional standards; however, when a licensee is unwilling or unable to comply with such standards, or a licensee’s professional services are so egregious as to warrant disciplinary action, such action may be taken as the appropriate means of protecting the public interest.