Peer Review Program

Peer Review Program
Recognizing the public's interest in reliable financial statements, the American Institute of CPAs (AICPA) instituted a practice-monitoring program for its members in 1988. Today this program is know as Peer Review. A peer review is a periodic outside review of a firm's quality control system to help maintain and improve the quality of a firm’s accounting and auditing services. Ensuring audit competence and compliance are major components of our commitment to the profession and the general public. The Nevada Society of CPAs administers the AICPA Peer Review Program for Nevada, Utah, Wyoming and Nebraska. If your firm is required to participate in a peer review program, add this page to your Favorites folder. It contains all the relevant information you need regarding the peer review process. Forms Members of the AICPA, should use AICPA forms. If you are not a member of the AICPA, please use the forms indicated. The Information Required for Scheduling Reviews form is the same form for everyone. Information Required for Scheduling Reviews - This form provides the administering entity (Nevada Society of CPAs) with background information about the firm and types of engagements issued. Notification will be sent to firms approximately 9-12 months prior to their peer review. The notification will include the firm's peer review due date and a request that the form be completed and submitted to the Nevada Society of CPAs within 30 days. There are two options available for firms to access and complete the form: You may request the printed form from the Nevada Society of CPAs; You may print the blank form (pdf file), complete, and mail to the Nevada Society of CPAs; at 5250 Neil Road, Suite 205, Reno Nevada 89502. NOTE: You MUST maintain a copy of the form for your records and for the reviewer	Which firms are required to have a Peer Review Become a Peer Reviewer
Change in Firm Structure - This form must be completed if your firm is currently enrolled in the peer review program and has gone through a name change, dissolution, or merger. – Change in firm structure - AICPA firm (pdf file) – Change in firm structure - Non-AICPA firm - contact the NSCPA Peer Review Administrator.
Enrollment Forms - Complete this form and mail to the Nevada Society of CPAs to enroll your firm in the peer review program. – AICPA Enrollment Form (pdf file) – Non-AICPA Enrollment Form (pdf file) Resources AICPA Peer Review Web site Questions and answers about the AICPA Peer Review Program Definition of an Accounting and Auditing Practice (pdf file) Importance of Peer Review and Reviewers (pdf file) Selecting a Reviewer - in selecting your reviewer, the only thing that needs to be enter on this page is the state in which you are interested. After the state is submitted, you will get a list of qualified reviewers. Of Interest to Reviewers - Reviewers may access checklists, etc., needed to perform peer reviews; the Peer Reviewer's Alert; the Reviewer's Resume, and additional information to assist them with the peer review process. AICPA Reviewer Requirements Peer Review Standards Peer Review Standards article Standards for Performing and Reporting on Peer Reviews Additional Guidance Regarding the Standards for Performing and Reporting on Peer Reviews Effective January 1, 2005 Revised Standards Peer Reviewer's Alert - Informational Update for Peer Reviewers. Of Interest to Firms in the AICPA Peer Review Program - Firms may access forms; tips for selecting your peer reviewer; the Statement on Quality Control Standards No. 2 and No. 3; and additional information to assist them with the peer review process.
Please e-mail questions or comments you would like the Peer Review Committee to address to Peer Review Administrator.