Peer Review
January 11, 2025

Every three years, CPAs that issue financial statements (compilation, review or audit) must undergo peer review to maintain memberships in the AICPA and the California Society of CPAs.

A peer review is a periodic outside review of a firm's quality control system in accounting and auditing and is known as the AICPA's Practice Monitoring Program. Its aim is to maintain and improve the quality of the accounting and auditing services performed by certain firms. The cost of the review is paid for by the CPA or his firm.

I recently concluded my 12th review in 2024. A copy of my peer review report is available upon request.