Peer Review


Peer review process enhancements
The AICPA has implemented an online process for completion of the Matter for Further Consideration and Disposition of Matter for Further Consideration forms used in the peer review process. This electronic process applies to firms that have at least one AICPA members and are enrolled in the AICPA peer review program. Firms with no AICPA members who are enrolled in the Minnesota Society of CPAs Peer Review Program will continue to complete paper forms.

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
Step-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 need to make arrangements with the peer reviewer directly. Find out who's qualified in Minnesota.

Forms and fees
Download forms required for the peer review process and find out about associated costs.

Frequently asked questions
Answers 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.
Learn more 

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