About NEPR Fees
New England Peer Review, Inc. (NEPR) is not a membership organization, but a non-profit corporation that exists solely for the purpose of administering the AICPA & New England Peer Review Program. The Executive Committee sets the fee structure.
QUESTIONS ABOUT OUR FEES
Why do we have to pay fees to NEPR?
NEPR's administration of the Peer Review Program is self-supporting, we do not receive subsidies of any kind. The NEPR Committee reviews the budget and expenses on a regular basis along with the NEPR fee structure. We continually explore cost containment methods although there are, as in your own firms, fixed expenses that are continually rising.
What are the fees and what are they used for?
Annual fees are billed for the fiscal year of May through April and cover costs associated with the administration of the program over a three-year cycle.
The scheduling and evaluation fee is assessed only in the year of the review and is used, in part, to pay technical reviewer and Report Acceptance Body expenses.
NEPR has two separate fee structures. Please select the link that describes your firm for current fees:
- At least one partner in my firm is a member of the AICPA or the state society where our firm is located.
- We have no AICPA or state society members in our firm.
Why does my small firm pay almost as much as a large firm?
Approximately 46% of NEPR member firms consist of sole practitioners while another 39% are firms of 2 – 5 professionals. The administration of peer reviews focuses on practice units as opposed to the number of individual professionals in a firm. The time and resources that it takes to process the administrative end of a peer review is basically the same, regardless of the size of the firm(see Administrative Cycle of a Peer Review). In fact, smaller firms often require more assistance, likely due to less support staff available to them. We believe that the fee structure addresses this consideration and is fair to all size firms.
Owners of small firms may consider becoming a peer reviewer as a means of offsetting the cost of peer review. When you become a peer reviewer, you will also gain valuable knowledge, expertise and exposure, and quickly earn the respect of your peers. There are many other benefits to becoming a peer reviewer.Learn more about the benenfits of becoming a peer reviewer at www.nepr.org/becomeareviewer.html.
What are "personnel" in reference to the fee structure?
Personnel are defined in “Statement on Quality Control Standards (SQCS) No. 7 - A Firms System of Quality Control” 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 would include personnel, including leased and per diem employees, who devote at least 25% of their time in performing audits, reviews, compilations, or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements.
Where should I submit my enrollment form and membership fees?
You may submit your enrollment form and fee payments to:
1750 Elm St, Ste 403AManchester, NH 03104
Please note that we do not accept credit cards.