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DIGEST OF INTRODUCED BILL
Peer review of accountants and accounting firms. Changes the phrase "quality review" to "peer review" for purposes of the laws governing public accountancy beginning July 1, 2012. Permits a peer review rating of fail to be used in disciplining a certified public accountant or public accounting firm after June 30, 2012. Indicates that a law requiring the state board of accountancy to initiate a complaint with the office of the attorney general to discipline a licensee does not prohibit the board from taking other actions permitted by law. Specifies that certain client records must be returned to a client within 45 days after a request for the records is made. Provides civil immunity to a person engaged in a quality review or peer review or administering a quality review or peer review program.