• Reviews of financial statements?
• Compilations of financial statements with disclosures?
• Compilations of financial statements where "Selected Information-Substantially All Disclosures Required Are Not Included?"
• Compilations of financial statements that omit substantially all disclosures?
• Engagements applying Statements on Standards for Attestation Engagements (SSAE)?
• Engagements applying International Financial Reporting Standards (IFRS) or International Auditing Standards (IAS)?
• Examinations of prospective financial statements under SAARS?
• Compilations of prospective financial statements under SAARS?
• Agreed-upon procedures of prospective financial statements?
• Examinations of written assertions?
• Reviews of written assertions?
• Agreed-upon procedures of written assertions?
• Engagements under Government Auditing Standards (Yellow Book)?
• Engagements applying PCAOB Auditing Standards?
• Engagements applying PCAOB Attestation Standards?
• Work performed as subject to requirements of the AICPA peer-review program?
217,112
Section
112. Accy 9.02 of the administrative code is renumbered Accy 6.101, and Accy 6.101 (1) and (2), as renumbered, are amended to read:
Accy 6.101 (1) After January 1, 2005, an An application for renewal by a certified public accounting firm that provides or offers to provide attest services shall include a description of at least one peer review of the firm undergone through a peer review program approved by the board, or approved by a board that regulates certified public accountants in another state, within 3 years preceding the application for renewal. The description shall identify the board-approved peer review program administrator, if administered by a peer-review program administrator approved by a board that regulates certified public accountants in any other CPA licensing jurisdiction, the outcome of the review, and the year under review.
(2) A firm is exempt from the peer review requirements in this section if it does not offer or perform attest services as defined in s. 442.001 (1), Stats.
217,113
Section
113. Accy 9.03 of the administrative code is renumbered Accy 6.201, and Accy 6.201 (intro.), as renumbered, is amended to read:
Accy 6.201 Reports
Report from board-approved review programs peer-review program
. (intro.) Each board-approved peer review The peer-review program described under s. Accy 6.002 (4) (a) 1. shall report the following to the board by December 1 of each even-numbered year:
217,114
Section
114. Accy 9.04 of the administrative code is repealed.
217,115
Section
115. Accy 9.05 of the administrative code is repealed.
217,116
Section
116. Accy 9.06 of the administrative code is repealed.
217,117
Section
117.
Nonstatutory provisions.
(1) The accounting examining board shall research the feasibility of rules establishing continuing education requirements for renewal of a license under section 442.08 (1) of the statutes. The board shall prepare a report describing its findings and recommendations, including a description of any suggested changes to the statutes or the board's rules, and shall submit the report to the appropriate standing committees of the legislature in the manner provided under section 13.172 (3) of the statutes no later than December 31, 2016.
(2) The requirements under sections 227.21 (2) (a) and 442.01 (2) of the statutes to obtain the consent of the attorney general and to hold a public hearing do not apply with respect to the enactment of this act.
217,118
Section
118.
Effective dates. This act takes effect on the day after publication, except as follows:
(1) Notwithstanding section 227.265 of the statutes, the treatments of provisions of the administrative code take effect on the first day of the 3rd month following publication of this act in the Wisconsin Administrative Register.
