WSR 12-04-048

PREPROPOSAL STATEMENT OF INQUIRY

BOARD OF ACCOUNTANCY


[ Filed January 30, 2012, 8:42 a.m. ]

Subject of Possible Rule Making: WAC 4-30-130 What are the requirements for participating in quality assurance review (QAR)? and 4-30-132 What are the program standards for CPE?

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.350(13), 18.04.055(9).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: WAC 4-30-130, to require CPA firms that issue any attestation or compilation reports to participate in a board-approved peer review program administered by the American Institute of CPAs (AICPA) or the Washington Society of CPAs (WSCPA).

WAC 4-30-132, to allow continuing professional education credit for volunteer service on board-approved peer review committees to include preparation time.

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, fax (360) 664-9190, e-mail info@cpaboard.wa.gov.

January 27, 2012

Richard C. Sweeney, CPA

Executive Director

Washington State Code Reviser's Office