Peer Reviews

The American Institute of Certified Public Accountants (AICPA) requires all CPAs and public accounting firms that are performing attest services to undergo an in-depth peer review process every three years. The purpose: to ensure that every individual CPA or CPA firm’s accounting and auditing services meet the AICPA’s quality control standards. The CPA peer review process typically covers three essential areas:
  1. review of all organizational or functional levels within the firm
  2. review of selected engagement working paper files and reports
  3. review of documentation indicating the firm’s compliance with membership requirements
Upon completion of the CPA peer review, the reviewer discusses the findings with the reviewee and issues a detailed report. If the results of the CPA peer review process reveal any areas of non-compliance or quality control deficiency, a number of sanctions may be imposed by the AICPA, including:
  • continuing professional education (CPE) training
  • censures and reprimands
  • fines
  • suspension of membership

Experienced Peer Review Team

With our diverse industry expertise, we rarely need to engage other firms to get the job done. Our peer review team includes members (and the chair) of the Kentucky Society of Certified Public Accountants (KyCPA) Peer Review Committee. If you or your firm has a peer review due in the coming year, contact Christine Koenig for more information.

Areas of Specialization

  • Construction Contractors
  • Manufacturing/Wholesale/Distribution
  • Credit Unions
  • Employee Benefit Plans
  • Engagements under SSARS
  • Investment Companies and Mutual Funds
  • Personal Financial Statements
  • Colleges and Universities
  • HUD Programs
  • Not-for-Profit Organizations (including voluntary health & welfare organizations)
  • Nursing Homes
  • Single Audit Act (A-133) Engagements Under Government Auditing Standards (Yellow Book)
  • Other Audits Under Statements on Auditing Standards


Your firm’s peer review will be performed in a confidential, courteous and respectful manner. We are committed to a fair, objective and reasonable peer review. That is what those who use your auditing and accounting services expect, what regulators and other organizations need, and what the profession demands. And it is what you will get from us.

We can help you.

Our team has invested extensive time and resources developing specialized expertise and experience.
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