Get the free AICPA Peer Review Program Enrollment Form - WICPA - Wisconsin ... - wicpa

AICPA PEER REVIEW PROGRAM American Institute of Certified Public Accountants Palladium I Corporate Center 220 Leigh Farm Rd Durham, NC 27707-8110 Telephone: (919) 402-4502 Fax: (919) 419-4713 Website:

How to fill out aicpa peer review program

How to fill out the AICPA Peer Review Program?

1. Begin by reviewing the AICPA Peer Review Program guidelines and requirements.
2. Determine if your firm is eligible to participate in the program based on criteria such as type of services provided and licensing status.
3. Complete and submit the enrollment form, providing all the required information about your firm, including contact details and license information.
4. Prepare your firm’s Peer Review documents, including engagement letters, workpapers, financial statements, and related documentation.
5. Submit the Peer Review documents to an approved Peer Review Oversight (PRO) firm for review. Ensure that all documents are organized and presented in a clear and concise manner.
6. Work closely with the PRO firm during the review process, addressing any issues or questions that may arise.
7. Review the final report provided by the PRO firm and address any necessary follow-up actions or improvements recommended.
8. Complete the acceptance or corrective action form, indicating your firm's response to any findings identified during the review.
9. Submit the acceptance or corrective action form, along with the final report, to the appropriate AICPA Peer Review Program administrator.
10. Keep a record of the completed Peer Review for future reference and compliance purposes.

Who needs the AICPA Peer Review Program?

1. Certified Public Accounting (CPA) firms performing attest services, including audits, reviews, and compilations, may be required to participate in the AICPA Peer Review Program.
2. Firms seeking membership in the AICPA may also need to complete the Peer Review Program as a prerequisite.
3. Some state boards of accountancy and regulatory bodies may also mandate participation in the program for CPA firms operating within their jurisdictions.
4. Even if participation is not mandatory, CPA firms may voluntarily choose to undergo the Peer Review Program to demonstrate their commitment to quality and professional standards.
5. Clients and stakeholders of CPA firms can benefit from the assurance provided by the Peer Review Program, knowing that the firm's services have been evaluated by independent professionals.
6. CPA firms that participate in government audit engagements or certain other specialized areas may have specific Peer Review requirements imposed by regulatory or oversight entities.

Overall, the AICPA Peer Review Program is essential for CPA firms to maintain their professional standing, improve their quality controls, and provide assurance to clients and stakeholders.

For pdfFiller’s FAQs

What is aicpa peer review program?

The AICPA Peer Review Program is a voluntary program for CPA firms to assess their accounting and auditing practice.

Who is required to file aicpa peer review program?

CPA firms enrolled in the AICPA Peer Review Program are required to file.

How to fill out aicpa peer review program?

CPA firms can fill out the AICPA Peer Review Program by completing the necessary forms and documentation.

What is the purpose of aicpa peer review program?

The purpose of the AICPA Peer Review Program is to promote quality in the accounting and auditing services provided by CPA firms.

What information must be reported on aicpa peer review program?

CPA firms must report on their accounting and auditing practice, including their policies, procedures, and quality control measures.

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