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VS CPA Peer Review Program ... Are you or any employees of your firm members of the AICPA? ... **If yes, stop here and complete the AICPA Enrollment Form.

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How to fill out aicpa peer review program

01

To fill out the AICPA Peer Review Program, follow these steps:

02

Understand the purpose of the program: The AICPA Peer Review Program is designed to enhance the quality of accounting, auditing, and attestation services performed by AICPA members in public practice.

03

Select a peer reviewer: Contact an approved peer reviewer who can guide you through the process and evaluate your firm's compliance with the program requirements.

04

Review the program's standards: Familiarize yourself with the AICPA's standards for performing and reporting on peer reviews.

05

Gather necessary documentation: Collect all relevant engagement and administrative documentation required for the review.

06

Complete the necessary forms: Fill out the required forms provided by the AICPA, ensuring all information is accurate and complete.

07

Submit the completed forms: Send the completed forms and supporting documentation to your assigned peer reviewer.

08

Respond to reviewer's requests: Cooperate with the peer reviewer by promptly providing any additional information or clarifications they may require.

09

Address identified deficiencies: If any deficiencies are identified during the review, take appropriate measures to address and rectify them.

10

Implement recommendations: Consider implementing any recommendations made by the peer reviewer to enhance your firm's processes and procedures.

11

Maintain ongoing compliance: Continually monitor and improve your firm's compliance with the AICPA Peer Review Program to ensure ongoing quality.

12

Repeat the process: As required by the AICPA, repeat the peer review process every three years or as instructed by your state board of accountancy.

Who needs aicpa peer review program?

01

The AICPA Peer Review Program is primarily designed for AICPA members who are in public practice and perform auditing, accounting, and attestation services.

02

This program is mandatory for AICPA members in public accounting firms that are enrolled in the AICPA's practice-monitoring program.

03

Additionally, state boards of accountancy in many jurisdictions require AICPA members performing certain services to participate in the peer review program.

04

Therefore, any AICPA member engaged in providing auditing, accounting, or attestation services should consider participating in the AICPA Peer Review Program.

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What is aicpa peer review program?

The AICPA Peer Review Program is a practice-monitoring program that helps ensure firms providing accounting and auditing services perform their work in accordance with professional standards.

Who is required to file aicpa peer review program?

Firms that are members of the AICPA and perform accounting and auditing services are required to participate in the Peer Review Program.

How to fill out aicpa peer review program?

Firms must select a reviewer, undergo a review of their accounting and auditing practice, and submit the necessary documentation to the AICPA.

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 profession by providing firms with feedback on their practices.

What information must be reported on aicpa peer review program?

Firms must report information on their accounting and auditing practice, including engagement and financial statement information.

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