AR SB953

Repeals Arkansas Code § 17-12-507, which established mandatory quality review requirements for accounting practice units as a condition of license renewal

Removes the requirement for the Arkansas State Board of Public Accountancy to conduct uniform or random annual submissions of compilation reports, review reports, audit reports, and examination reports from practice units

Eliminates the board's authority to charge fees for quality reviews and follow-up actions related to non-conformity with professional standards

Amends § 17-12-401(b)(2)(A) to remove the reference to § 17-12-507 as a qualification requirement for out-of-state accounting firms performing services in Arkansas

Retains provisions allowing out-of-state CPAs and public accountants to conduct peer reviews in Arkansas without obtaining a license, subject to board-adopted standards