Becoming a Peer Reviewer
Benefits of being a peer reviewer
Peer reviewers:
- Are seen as an expert in their field and gain increased respect from your colleagues and clients
- Help firms achieve their A&A practice goals and enhance the quality of their A&A practices
- Identify best practices of other firms, which can be applied to other peer review clients and to their own firm
- Gain broader practice knowledge through the peer review process, which will help sharpen skills and reinforce strengths
- Create an opportunity to expand on current services
- Often receive referrals for additional consulting services as a result of performing peer reviews
- Enhance the efficacy of the profession's self-regulatory efforts and contribute to the quality of our profession
Required qualifications
Peer reviewers must:
- Be a member of the AICPA in good standing
- Be active in public practice at a supervisory level in the accounting or auditing function
- HaveĀ five years of public accounting experience
In addition, to qualify as a team captain on a system review, a reviewer must be a partner in a CPA firm.
For more information, visit the AICPA website or e-mail PeerReviewUpdates@aicpa.org.
How to become a peer reviewer
To become a peer reviewer:
- Meet all the reviewer requirements.
- Complete the training course. Complete the AICPA two-day introductory reviewer training course, How to Conduct a Review Under the AICPA Practice-Monitoring Program. Please note that 16 hours of CPE credit is obtained by taking this course.
- Complete a peer review resume form. Complete the AICPA's online resume form. Once you enter your resume you will automatically be listed in the online searchable database. Please note: you will need your AICPA login to access the form.
- Undertake the business development activities suggested in a Peer Review Welcome Package sent after you attend the above course.
- Beginning in April 2012, a new option will allow substitution of demonstrated proficiency in the peer review program for Day 2 of the "How to" course. Click here for more details.