Section 11.81. Definitions

The following words and terms, when used in this section and § § 11.82—11.86 (relating to peer review), have the following meanings, unless the content clearly indicates otherwise:

Administering organization—An entity that meets the standards specified by the Board for administering a peer review program.

Audit engagement—An audit as defined in the AICPA’s Statement on Auditing Standards.

Firm—A licensee who is a sole practitioner or a licensee that is a qualified association as defined in section 2 of the act (63 P. S. § 9.2).

Offsite peer review—An engagement review as defined in the AICPA’s Standards for Performing and Reporting on Peer Reviews, including interpretations thereof, excepting a study of the associated working papers.

Onsite peer review—A system review as defined in the AICPA’s Standards for Performing and Reporting on Peer Review, including interpretations thereof.

Peer reviewer—An individual who conducts an onsite or offsite peer review. The term includes an individual who serves as captain of an onsite peer review team.

Review engagement—A review as defined in the AICPA’s Statement of Standards on Accounting and Review Services.

Sole practitioner—A licensed certified public accountant or licensed public accountant who practices public accounting on his own behalf.

The provisions of this § 11.81 adopted December 1, 2000, effective December 2, 2000, 30 Pa.B. 6194.

Notation

Authority

The provisions of this § 11.81 issued under section 8.9(c) of the CPA Law (63 P. S. § 9.8i(c)).