Peer Review Enrollment - FAQs
Who has to enroll in a practice-monitoring program?
Firms (including sole practitioners) need to participate in a practice-monitoring program if -
- At least one partner wishes to retain his/her AICPA membership
- The firm wishes to hire or retain staff who are AICPA members
- The firm performs engagements under Government Auditing Standards (i.e., “Yellow Book”) issued by the U.S. Government Accountability Office (GAO)
- The firm is not a member of the AICPA but performs services requiring a license in its home state
What is the AICPA practice-monitoring requirement?
AICPA members active in the practice of public accounting must be associated with a firm that participates in an AICPA practice-monitoring program if the firm performs services within the scope of the peer review standards (essentially audits, reviews, compilations and/or attestation engagements) and issues reports purporting to be in accordance with AICPA professional standards.
A member can meet the requirement if his or her firm is enrolled in the AICPA Peer Review Program (hereinafter referred to as the "Program"), the objective of which is to help CPAs improve the services provided to clients and raise the quality and prestige of the CPA profession.
Questions, comments, feedbackPaul Pierson
Senior Director, Peer Review & Professional Standards | 312.517.7610Heather Lindquist
Assistant Director, Peer Review & Professional Standards | 312.517.7624Melinda Hart
Senior Scheduling Manager, Peer Review | 312.517.7609