If the results of the QROC
's review indicate that a firm is complying with applicable professional standards and has received a quality review report issued by a reviewer approved by the SED without deficiencies, the QROC
will recommend that the SED accept the firm's quality review report However, if the QROC
's review reveals that a firm's quality review report includes deficiencies, or indicates that the firm was not in compliance with applicable professional standards, and if the QROC
finds that the report warrants disciplinary action, the QROC
may refer the firm to the Office of Professional Discipline.