Peer Review


On May 1, 2017, the AICPA will replace the Peer Review Information System Manager (PRISM) with an all-electronic, interactive system called the Peer Review Integrated Management Application (PRIMA).

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About peer review

The peer review program is dedicated to enhancing the quality of accounting, auditing and attestation services performed by CPAs in public practice. Through peer review, a CPA firm engages a peer firm to review its quality control system for compliance with professional accounting, auditing, and attestation standards. At the conclusion of the review, the reviewer issues a report with an evaluation of the firm's compliance with standards.

In addition to issuing a report, peer reviewers provide valuable feedback. CPAs use this feedback to enhance the quality of their practice.

MNCPA and Minnesota BOA requirements

  • The MNCPA requires all members whose firms are engaged in public accounting in Minnesota, and who perform services within the scope of the AICPA practice monitoring standards, to enroll in the peer review program.
  • Peer reviews ordinarily take place every three years.
  • The BOA requires all firms that issue attest or compilation reports to have a peer review

The Minnesota requirements related to peer review are found in the Minnesota rules 1105.46 to 1105.55.

Information for firms

Peer review process step-by-step

Peer review process step-by-stepStep-by-step instructions on how to complete your peer review. Includes scheduling information, how a review is conducted, and submitting the results to the BOA.

Firms that perform peer reviews

Firms that perform peer reviewsFirms need to make arrangements with the peer reviewer directly. Find out who's qualified in Minnesota.

Peer Review Fees

Peer Review FeesFind out about associated costs of the Peer Review Program.


Frequently asked questionsAnswers to questions on how to select a peer reviewer, the types of peer reviews, the peer review process, and more.

Become a peer reviewer

Peer reviewers serve the profession by promoting quality. Performing peer reviews can also become a niche practice area.
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Peer review CPE

Upcoming Peer Review: Is Your Firm Ready?

Fri., May. 19
Bloomington, MN

8 CPE hours
$325.00 member / $375.00 non-member

CCH is just a click away

Ever wished for your own tax resources library? Your wish is granted with MNCPA member access to CCH. Take advantage of 19 journals and newsletters to supplement your current research needs.

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