WSR 14-03-037

PREPROPOSAL STATEMENT OF INQUIRY

[Filed January 8, 2014, 1:04 p.m.]

Subject of Possible Rule Making: WAC 4-30-130 What are the quality assurance review (QAR) requirements for licensed CPA firms?

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.055(9).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Rule making is needed to specify corrective actions for those firms who do not comply with the peer review requirements.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Agency study.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Richard C. Sweeney, Executive Director, Washington State Board of Accountancy, P.O. Box 9131, Olympia, WA 98507-9131, phone (360) 586-0163, fax (360) 664-9190, e-mail info@cpaboard.wa.gov.

January 8, 2014

Richard C. Sweeney, CPA

Executive Director