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Mississippi Board agrees staff will require firms to sign agreements after deficient peer reviews

5828973 · May 16, 2025
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Summary

The state board voted to include a recommendation from NASBA peer review guidance in staff procedures requiring firms with deficient peer review reports to enter agreements with the Board, mirroring recommended agreements with peer review administrators.

The Mississippi State Board of Public Accountancy voted May 16 to direct staff to require firms that receive a deficient peer review report to enter into an agreement with the Board as part of the Board’s handling of peer review deficiency cases.

Board members adopted the change after discussing an NASBA Peer Review Compliance Committee guidance recommending that firms that agree with an administering entity to cease the deficient services also enter a similar agreement with the licensing board. The action followed a motion by Annette Pridgen, member, seconded by Bill Kelly, secretary, and was approved by the Board.

The change was considered under the Board’s national regulatory concerns agenda item and is intended to align staff practice with NASBA guidance. Legal counsel and staff discussed the recommendation; the minutes state the Board approved “this being included in the staff’s handling of peer review deficiency cases moving forward.”

The Board did not publish new rule text at the meeting; the vote captured only direction to include the NASBA-recommended practice in staff procedures for enforcement of peer review deficiencies. There was no recorded vote tally beyond the maker and seconder noted in the minutes.

Background: NASBA (National Association of State Boards of Accountancy) recently updated peer review guidance and best practices; the Board’s action implements that guidance at the staff-procedural level rather than through an immediate rule change. The Board also discussed related national items including the UAA Model Law comment letter and model legislation for a new CPA licensure path, but the peer-review follow-up was the lone enforcement-procedure item adopted at this meeting.

The Board’s executive director and legal counsel were present for the discussion; the minutes do not record additional formal directions or changes to statute or rule language.

The Board will meet next on Aug. 7, 2025, at the Board office, when any further procedural or rule proposals would appear on a future agenda.