(a) There is established a peer review process to review the attest work of firms. The peer review process shall be for educational or remedial and not punitive purposes.
(b) The peer review process shall keep confidential the identity of any person or firm for whom attest work has been performed by the firm under review.
(c) Neither the proceedings nor the records of any peer review process shall be subject to discovery. No person involved in the peer review process shall be required to testify on that process; provided that statements made by any person in connection with the peer review process who is a party to an action or proceeding, the subject matter of which was reviewed in that process, shall be subject to discovery.
(d) This part shall not be construed to require any firm to become a member of any sponsoring organization.