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Download our 2010 Annual Report on Oversight

New England Peer Review is co-owned by the State Societies of Maine, New Hampshire, Rhode Island and Vermont. Our primary purpose is the administration of the Peer Review Program for Certified Public Accountants whose main office is located in one of our four states. Read More

AICPA

Notice to firms having a 2012 peer review

With the advent of the new Peer Review Program computer database in 2009 (PRISM), the date that we notify firms of their upcoming peer review has changed. We are now staggering the mailing of this information to firms to within 6 – 9 months of their due date, as opposed to a complete batch mailing in the fall that included firms not due for a review for well over 12 months. This timing will continue to provide firms with ample time to schedule their review; however the scheduling form may be downloaded (www.nepr.org/firms/scheduling.html), completed and submitted to NEPR at any time that a firm has the necessary information prepared.

revised peer review standards

AICPA

The AICPA Peer Review Board has issued revised Standards effective for peer reviews commencing after January 1, 2009. In conjunction with the implementation of the new Standards, the AICPA has produced revised manuals and comprehensive guidance to assist firms, reviewers and administering entities with the many changes. It is recommended that managing partners and individuals involved with the firm’s quality control system read these documents in preparation for their upcoming peer reviews.

A suggested reading list:

facilitated state board access

Facilitated State Board Access (FSBA) uses the existing peer review process to facilitate the voluntary disclosure of peer review results to participating state boards of accountancy. The goal of this process is to create a nationally uniform system through which CPA firms can satisfy state board peer review information requirements, increase transparency, and retain control over their peer review results.

FSBA Highlights
  • The program uses a secure, limited-access Web site that is only accessible to authorized state board of accountancy representatives.
  • The AICPA and state CPA societies are working together to allow this process to become the primary method by which all state board of accountancy obtain peer review results.
  • Many state boards of accountancy have not yet approved this new process. Therefore, you must continue to follow current state board of accountancy requirements until notified otherwise.
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