# Business Occupations and Professions (GBO)

## Title 2. Accountants

### Subtitle 4A. Peer Review

#### Section 2-4A-05

(a) Prior to conducting a peer review, an individual must be approved by the Board.

(b) In order to receive approval from the Board, a peer reviewer shall:

  (1) have and maintain an active license as a certified public accountant in this or any other state;

  (2) possess a level of knowledge of applicable professional standards acceptable to the Board;

  (3) possess at least 5 years recent experience in the practice of public accounting;

  (4) have received a passing report on the most recent peer review of the prospective peer reviewer; and

  (5) complete an appropriate training course as determined by the Board.

(c) In order to serve as a team captain of a system review, a peer reviewer must have and maintain ownership or management of a firm or comparable responsibility.

(d) A peer reviewer shall have no connection to the licensee or permit holder being reviewed that might impair the peer reviewer's independence.

(e) A peer reviewer shall:

  (1) prepare a report of findings in accordance with the standards for performing and reporting on peer reviews of the American Institute of Certified Public Accountants; and

  (2) maintain the report for a period of 3 years.

(f) A peer reviewer shall provide a copy of the report to the Board only if the licensee or permit holder being reviewed has:

  (1) been directed to take corrective action and has failed to satisfy the peer reviewer that such action has been completed in a timely manner;

  (2) received a second consecutive report indicating pass with deficiencies; or

  (3) received a failing report.

(g) A peer reviewer shall comply with all Board regulations and directives regarding the peer review process.

(h) The Board may revoke its approval of a peer reviewer under this section if the peer reviewer:

  (1) violates any provision of this title;

  (2) violates any regulation adopted by the Board; or

  (3) is sanctioned by any state board of accountancy or any unit of State or federal government.

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Md. Code Ann., Bus. Occ. & Prof. (as displayed at mgaleg.maryland.gov, October 16, 2026)