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A new rule requiring quality (peer) review for all Indiana CPA firms that perform audits, reviews or compilations became effective Nov. 12, 2004. The rule was adopted by the Indiana Board of Accountancy on July 16, 2004, and approved by the attorney general and governor in October. The quality (peer) review process must be
completed
to enable June 30, 2009, firm license renewals. Allow six to nine months for your firm to complete the process. Members in public practice who are responsible for their firm’s quality control are urged to become familiar with the rule requiring
quality (peer) review
. if your Firm is in need of a quality (peer) review, please contact the Indiana CPA Society.
Exploring the Need for Greater Transparency in Peer Review
Peer Review Transparency
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