(1) A practice unit which has undergone an AICPA or board-sanctioned peer review within three calendar years must file a copy of its peer review report, including letter of comments (if any), letter of responses (if any), and acceptance of the review report by the administering entity. Firms may meet this requirement by participating in the Facilitated State Board Access (FSBA) program.

(2) The board reserves the authority to request a practice unit to submit a copy of any or all reports, financial statements, and supporting workpapers for engagements subject to peer review.

(3) The board reserves the authority to exempt permit holders who would otherwise be required to file a report under ARM 24.201.1107 for good cause.