Peer Review Fees
Peer Review annual fees are billed to all firms enrolled in the peer review program that perform engagements subject to peer review. If a firm is in public accounting but does not perform engagements subject to peer review, no fee is required. The Peer Review Program is a self-supporting program.
Pay Peer Review Fees (Requires MNCPA login)
Have your peer review invoice handy? Pay without logging in.
The peer review annual fee is assessed based on the following factors:
- The number of accounting and auditing (A&A) personnel* in a firm as entered by the firm in PRIMA.
- Whether the firm has a system or engagement review as indicated by the engagement levels of service the firm performs as submitted by the firm in PRIMA.
*A&A personnel are defined as all individuals who perform professional services for which the firm is responsible, whether or not they are CPAs (AICPA, Professional Standards, vol.2, QC sec. 10). This includes all personnel (including leased and per diem employees) and excludes administrative/operational support personnel. A&A firm personnel are defined as those personnel performing audits, reviews, compilations, preparation of financial statements or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements.
Peer review administrative fees
Annual fee (for 4/1/2024-3/31/2025)
| |
Firms subject to an engagement review |
Firms subject to a system review |
| 1 A&A personnnel |
$325 |
$475 |
| 2-5 A&A personnel |
$450 |
$600 |
| 6-10 A&A personnel |
$600 |
$750 |
| 11-20 A&A personnel |
$825 |
$975 |
| 20+ A&A personnel |
$900 |
$1,050 |
Other fees
Nonmember firm fee: Minnesota firms with no MNCPA members are charged a $150 nonmember fee at the time of scheduling. This is in addition to the annual fee.
Reinstatement fee: There is a $250 reinstatement fee for firms dropped or terminated for non-compliance with the peer review program (due at reinstatement).
Pay Peer Review Fees (Requires MNCPA login)
Have your peer review invoice handy? Pay without logging in.
Questions?
For more information, contact Sabine Anderson, Peer Review Coordinator, at 952-885-5514 or sanderson@mncpa.org.
