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    Board of Accountancy representatives and other interested parties are invited to comment on proposed revisions to the Uniform Accountancy Act (UAA) Model Rules pertaining to peer review, by January 2, 2024.   

    Developed by the NASBA Peer Review Compliance Committee (PRCC) and AICPA’s peer review staff, the proposed revisions were reviewed and edited by the NASBA Uniform Accountancy Act Committee, with final approval being issued by the NASBA Board of Directors in October. 

    The following proposed revisions to the UAA Rules incorporate the additional documents and objective information to existing UAA Rules 7-4 and 7-5 related to the AICPA’s Facilitated State Board Access (FSBA). Specifically, it identifies applicable documents/information, when they are due to be submitted, and how they are submitted. The proposed UAA language requires firms to submit these documents and objective information to the Board of Accountancy and shall allow the administering entity to provide the board access to the documents and objective information via a secure website process such as FSBA. 

    Rule 7-4(a) was amended to include a reference to Rule 7-5(b) through 7-5(d). A comment following Rule 7-4(a) was deleted as it was outdated. Rule 7-5(e) was amended to clarify when a letter from the administering entity is due to the Board of Accountancy and adds references to Rule 7-5(b) through 7-5(d). 

    The title to Rule 7-5 was modified to add the term “and objective information.” Further clarification was added to the comment following Rule 7-5(a) and the 30-day submission period was added to Rule 7-5(b). These changes allowed for Rule 7-5(c) to be deleted as written and replaced with a list of documents and objective information to be provided by the firm to the Board of Accountancy. 

    Minor wording changes in Rule 7-5(d), including the addition of the term “and objective information,” are consistent with other changes in Rule 7-5. 

    The Committee believes these changes will provide guidance for state boards and firms in the years ahead. 

    Comments or recommendations can be submitted to the UAA Committee via email at [email protected]. To view the Peer Review Exposure Draft, visit: https://nasba.org/wp-content/uploads/2023/11/112923-Peer_Review_Exposure_Draft.pdf.