Most State Boards of accountancy require its licensees, providing attestation services to clients, to undergo an external AICPA regulated peer review to practice public accounting in that State. The goal of practice monitoring, and the program itself, is to promote quality in the accounting and auditing services subject to peer review standards. This goals serves the public interest and enhances the significance of AICPA membership.
There are two types of peer reviews:
- System Review focuses on a firm’s overall system of quality control.
- Engagement Review focuses on selected engagements.
AICPA requires all public accounting firms or individual CPA licensees who provide attestation services to clients, to get an external peer review performed every three years. We received an unqualified external peer review report in 2011, 2014, 2017 and 2020 with “Pass” rating.
Download a copy using the link below:
Peer Review Report – 2011
Peer Review Report – 2014
Peer Review Report – 2017
Peer Review Report – 2020