What are the General Eligibility Requirements to be a Reviewer?

• Be an AICPA member in good standing
• Have a current CPA license
• Be associated as an owner, employee or as a leased or per diem employee who spends at least 25% of their time in performing audits, reviews, compilations, or other attest engagements with an enrolled firm that, if reviewed, has received an unmodified opinion on its system of quality control for its most recent completed peer review or an unmodified report on its engagement or report review.
• Possess current knowledge of applicable professional standards
• Be currently active in public practice at a supervisory level in the accounting or auditing function of a firm that is enrolled in the AICPA Peer Review Program (PRP) or a member of the Center for Public Company Audit Firms (CPCAF) (formerly the SEC Practice Section) an "enrolled firm".
• Achieved the level of either owner or manager or person (including a leased or per diem employee who spends at least 25% of their time in performing audits, reviews, compilations or other attest engagements) with equivalent supervisory responsibilities.
• Must have at least 5 years of recent experience in the accounting and auditing function of an enrolled firm
• Must not have his or her ability to practice accounting or auditing limited or restricted in any way by a regulatory, monitoring or enforcement body.
• Must meet the minimum continuing professional education requirements in subjects relating to accounting and auditing, under Interpretation No. 4 of the Standards

Additional Requirements for System Review Team Captains:

• Must be an owner of an enrolled firm that has received an unmodified opinion on its system of quality control for its accounting and auditing practice for its most recently completed peer review. If the individual is associated with more than one firm, then each of the firms the individual is associated with should have received an unmodified report on its most recently completed peer review of its accounting and auditing practice
• Must have completed an approved reviewer's training course during the three year period prior to the commencement of the review

Additional Requirements for Engagement or Report Reviewers:

• Must be associated as an owner, employee, or as a leased or per diem employee who spends at least 25% of their time in performing audits, reviews, compilations, or other attest engagements with an enrolled firm that has received, on its most recently completed peer review, either an unmodified opinion on its system of quality control or an unmodified report on its engagement or off-site review. If the individual is associated with more than one firm, then each of the firms the individual is associated with should have received an unmodified report on its most recently completed peer review of its accounting practice.
• Must have completed an approved reviewer's training course during the three year period prior to the commencement of the review