NEPR Fees
New England Peer Review, Inc. (NEPR) is not a membership organization, but is a non-profit corporation that exists solely for the purpose of administering the AICPA & New England Peer Review Program for the four state CPA societies of Maine, New Hampshire, Rhode Island and Vermont. The Executive Committee, which consists of two representatives from each of the four NEPR states, sets the fee structure.
NEPR has two separate fee structures. Please click on the link that describes your firm for current fees:
We have no AICPA or state society members in our firm.
Questions About Our Fees
Why do we have to pay fees to NEPR?
NEPR's administration of the Peer Review Program is self-supporting and we do not receive subsidies of any kind. The NEPR Committee reviews the budget and expenses on a regular basis and each year the NEPR fee structure is analyzed and discussed. We continually explore cost containment methods; although there are, as in your own firms, fixed expenses that are continually rising.
Why is my small firm paying almost as much as a large firm?
Approximately 46% of NEPR firms consist of sole practitioners and another 39% are comprised of the 2 – 5 professional range. The remaining 15% of firms consists of 8% of six or more professionals and approximately only 7% of firms with over ten 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 assistant, likely due to less support staff available to them. We believe that the fee structure addresses this consideration and assures that the fee structure is fair to all size firms.
Owners of small firms may consider becoming a peer reviewer, which is one way of offsetting the cost of peer review. When you become a peer reviewer, you will gain valuable knowledge, expertise and exposure and quickly earn the respect of your peers. There are many other benefits to becoming a peer reviewer – view more information at www.nepr.org/becomeareviewer.html.
How You Can Help to Keep Peer Review Costs Down:
- Pay fees by the due date (and avoid a late charge!)
- Respond to requests for information timely
- Prepare for your review in advance and maintain an effective quality control system
- Have your peer review completed by the due date or extended due date
- Communicate necessary information to your reviewer and NEPR
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.
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.
Submit your fee payments to:
1750 Elm St, Ste 403A. Manchester, NH 03104
Please note that we do not accept credit cards.