Peer Review Annual and Service & Evaluation Fee:
The Massachusetts Society of CPAs administers the AICPA’s Peer Review Program for enrolled firms in Massachusetts and New Hampshire.
MSCPA charges an annual fee to cover the costs of the program administration. Amounts have been designed by firm size*, society membership, and non-membership.
Current fees are below for enrolled firms:
Annual Peer Review Fees
Enrollment Policy Massachusetts:
First time enrollees whose peer review is due in the current year will be billed the Service & Evaluation Fee and current year's Annual Fee. New firms whose reviews fall after the current year will be billed for the current annual fee only.
Please Note: Firms that are dropped from the program between reviews due to non-payment will be required to pay a reinstatement fee which is the Annual Fees for the interim years.
Membership in the Societies are encouraged and will reduce the cost of your Annual Fee.
*Personnel are defined per Statement on Quality Control Standards (SQCS) No. 7, A Firm’s System of Quality Control as all individuals who perform professional services for which the firm is responsible, whether or not they are CPAs (AICPA,Professional Standards, vol. 2, QC sec. 10). This includes all personnel including leased and per diem employees who devote at least 25% of their time in performing audits, reviews, compilations or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements.