AICPA peer review requirement

The American Institute of Certified Public Accountants (AICPA) requires its member firms to undergo a peer review every three years. A peer review is a periodic external review of a firm's quality control system in accounting and auditing and is also known as the AICPA's practice monitoring program. AICPA members engaged in the practice of public accounting are required to practice in a firm that is enrolled in an approved practice-monitoring program such as the Peer Review Program.

The Florida Institute of CPA's administers the AICPA Peer Review Program for both AICPA members firms andnon-AICPA member firms. The program is designed to be educational for firms in public accounting to further enhance the qualityintheir performance of accounting and auditing work. The program also allows for firms to communicate with their fellow peers on the objectives of the Accounting profession.

• The Law
• The Requirement
• Frequently Asked Questions (FAQs)

The Peer Review Integrated Management Application (PRIMA) is the primary tool used by firms, reviewers, and the entities administering peer review to complete the peer review process. PRIMA is accessible to all AICPA and FICPA.com customers whose records are linked to a public accounting firm in our records. Access PRIMA via https://prima.aicpa.org

Firms now enter peer review information directly in PRIMA. This includes:

• Updating firm enrollment (including the firms Managing Partner and Peer Review Contact, indicating the levels of service performed by the firm)
• Scheduling the firms peer review
• Responding to Matters for Further Consideration (MFCs) during their review
• Responding to Findings for Further Consideration (FFCs) during their review

Reviewers now:

• Upload working papers in PRIMA
• Submit electronic MFC & FFCs for all firms
• Submit electronic letters
• Collaborate with review team during entire peer review process

The Peer Review Program offers a PRIMA Help website that can be accessed from the Help link within PRIMA. PRIMA Help contains numerous articles with screenshots and short training videos that are designed to assist users with navigating PRIMA. The AICPA Peer Review support hotline (919.402.4502, press 2) and email support () are also available to all firms enrolled in the AICPA Peer Review Program and state society programs to provide support in accessing and using PRIMA.

Unsure where to begin? Check out Getting Started in PRIMA.

If your firm has gone through or is currently experiencing a dissolution, merger, purchase, sale or name change, please contact one of the staff members listed below.

View the Firm Structure Change Form

Additional Information is available within the AICPA's Peer Review Q's & A's. Please click on the following link to access this:

AICPA's Peer Review Q's & A's

Our goal is to help the reviewed firm and the reviewers have the smoothest possible progression through the peer review process. If at any time you have questions or concerns please contact one of the staff members listed below. We will do our best to answer your questions in the quickest most informative way possible. You may reach us at (800) 342-3197 or (850) 224-2727.

Peer Review Scheduling Coordinator Information Coming Soon!