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Peer review oversight panel will revisit firm with outstanding corrective actions in May
Summary
The committee agreed to monitor a firm with two corrective actions due March 31, 2025 and to discuss the firm’s status at the May meeting or sooner if materials arrive, after the RAB indicated corrective work remains outstanding.
Brenda Bartlett, chair of the Oregon Board of Accountancy Peer Review Oversight Committee, said the committee will track a previously discussed consecutive nonpass firm and revisit it after the firm submits outstanding corrective actions. "They still have two outstanding corrective actions that are not due until March 31, 2025," Bartlett said, and the committee agreed to place the item on the May agenda unless the RAB receives the materials earlier.
OSCPA peer review representative Darlene Bowles told the committee she expects RAB to review the corrective actions and that the RAB must receive its packet one week before its meeting. "If they complete their corrective actions early and they submit them March 1, we would have that discussion at the March 21 RAB," Bowles said. Committee members noted the RAB had previously discussed a firm with a fail followed by a pass-with-deficiency and decided not to refer it to the board because reviewers judged the firm to be improving.
