cpas discussing a peer review

Peer Reviews commencing after April 1st will now be under the new guidance created by the Peer Review Board in relation to Broker-Dealers.
Learn more.

Peer Review Day
If you are a firm that performs compilations with disclosures and compilations that omit all disclosures, and your review due date is between May 1, 2012 - September 30, 2012, then you qualify for the Peer Review Day. If you want to participate in this option - you must sign the attached sign-up sheet (follow the link).
Learn more.

Download Forms:

MSCPA Peer Review Program

2010 Annual Report on Oversight

AICPA Peer Review Web Site
Conduct a firm search, find the Standards for Performing and Reporting on Peer Reviews, and other resources for firms needing a information about peer reviews.

White Paper Issued for Navigating Through Revised Peer Review Standards
The AICPA’s Peer Review Board has issued a white paper, Navigating through the Revised AICPA Standards for Performing and Reporting on Peer Reviews and Related Interpretations. The paper serves as a bridge between the current and revised Standards and Interpretations and explains how the changes may affect enrolled firms (including those responsible for the firm’s quality control function), peer reviewers, entities administering peer reviews, and peer review users, including regulators. The revised Standards and Interpretations are effective for peer reviews commencing on or after January 1, 2009.

The Peer Review Program: No Guarantees Ever & No Hope Sometimes by Roger D. Johnson, CPA
This article discusses the peer review program in light of the Bernard Madoff scandal.

Mass. Board of Public Accountancy Quality Review Requirements

Questions & Answers About The AICPA Peer Review Program
Find information about enrollment requirements, how to prepare for a review, and answers to all of your questions.

Massachusetts Annual Fee Structure and Enrollment Policy
All firms pay an annual fee based on firm size and whether or not an employee of the firm is a fellow member of the Society.

Find a Reviewer
The AICPA Online Reviewer Search is a reference source for those firms that are looking for a reviewer to perform their peer reviews. The directory lists information on the reviewer’s firm, whether the firm is enrolled in the AICPA Peer Review Program or the Center for Public Company Audit Firms Peer Review Program (CPCAF PRP) and whether the firm is a member of the Center for Public Company Audit Firms (CPCAF), the Employee Benefit Plan Audit Quality Center (EBPAQC), the Governmental Audit Quality Center (GAQC) or the PCPS.

Is Your Quality Control System Documented?

Under new quality control standards (SQCS #7), a firm that has audit, review, compilation, or other attestation engagements is required to formally document its quality control policies and procedures prior to January 1, 2009. Smaller firms may wish to document quality control policies and procedures using appropriate Quality Control Policies and Procedure Questionnaires.