You should update your reviewer resume regularly (must be updated annually at a minimum) to ensure it is current and accurate. You will need to login to PRIMA to edit your resume. In addition to areas of expertise and experience level, you should ensure your resume has your latest peer review training course and contact information. Your assistance is essential to ensuring that reviews are scheduled and performed in conformity with the Standards.
Revised Reviewer Qualifications effective for reviews commencing December 31, 2015 are:
- Reviewers must have spent the last five years in public accounting in the accounting and auditing function
- Reviewers should carefully consider whether their day-to-day involvement in accounting and auditing work is sufficiently comprehensive to enable them to perform a peer review with professional expertise. For example, a reviewer that only currently supervises (or carries out a quality control function on) compilation or preparation engagements should not review audit, SSAE or review engagements.
- Additional requirements for reviewers of certain must-select engagements:
- Reviewers must have resume experience code “A” for all must-select industries/practice areas, representing that the reviewer is currently involved in those types of engagements in their own firm
- Reviewer must be associated with Audit Quality Center firm, if it exists (presently Employee Benefit Plan Audit Quality Center and Governmental Audit Quality Center)