R156-26a-201. Advisory Peer Committees Created - Membership - Duties

(1) There is created under Subsection 58-1-203(1)(f) the Education Advisory Committee to the Board that shall: (a) consist of one full time faculty member from each college or university in Utah that has a nationally accredited or regionally accredited program, except the majority of these committee members shall be licensed CPAs; (b) be appointed and serve under Section R156-1-205; and (c) have the duty and responsibility to assist the Division in the Division's duties, functions, and responsibilities including: (i) advising the Board on the acceptability of an educational institution including the institution's: (A) accreditation; (B) the acceptability by other state licensing boards; (C) the faculty qualifications; and (D) other educational resources; (ii) assisting the Board to determine under Section R156-26a-306 if an applicant is qualified to sit for the AICPA Uniform CPA Examination; and (iii) advising the Board regarding proposed rule changes. (2) There is created under Subsection 58-1-203(1)(f) the Advisory Peer Review Program Committee to the Board that shall: (a) consist of up to ten licensed CPAs; (b) be appointed and serve under Section R156-1-205; and (c) have the duty and responsibility to advise the Board on peer review matters including: (i) reviewing the results of peer reviews by administering organizations; and (ii) as the Advisory Peer Review Program Committee determines necessary, requiring corrective action of a firm that: (A) has significant deficiencies noted in the peer review under Subsection R156-26a-201(2)(c)(i); and (B) is in addition to any corrective actions required by the administering organization; (iii) evaluating compliance of CPE programs; (iv) performing random audits to determine compliance with the CPE requirements and the standards for CPE programs; (v) reviewing complaints made to the Division and recommending whether certain acts, practices, or omissions violate the ethical standards of the profession; (vi) providing technical assistance to the Division; and (vii) serving as expert witnesses at administrative hearings.