Enrolling in Peer Review
The WV Board of Accountancy requires that firms who wish to retain their authorization to perform attest services must be enrolled in an approved practice monitoring program.
The membership bylaws of the AICPA require participation in a practice-monitoring program as a condition of membership.
- If your firm has an owner/partner who is an AICPA member, please complete the AICPA Peer Review Program Enrollment Form AICPA Peer Review Program Enrollment Form.
- If your firm does not have any owners/partners who are AICPA members please complete the WVSCPA Peer Review Program Enrollment Form.
- Once enrolled, report all firm changes using the Firm Change Form (including mergers, demergers, address changes, name changes, etc.)
Should all owners/partners of a firm cease to be members of the AICPA, the firm will automatically be un-enrolled from the AICPA Peer Review Program. At that time, the firm should enroll in WVSCPA Peer Review Program.
ALL completed forms (both AICPA and WVSCPA forms) must be sent to the WVSCPA Peer Review Manager. Please allow approximately 2 to 4 weeks for your enrollment to be processed. You will be notified of your completed enrollment and initial due date.
Non-compliance with peer review may result in a firm’s termination from the program, as well as the firm’s ability to perform attest services as governed by the WVBOA. A $500 re-enrollment fee applies to firms dropped from the program.
Non-compliance occurs when a firm fails to submit required peer review information and/or fees in a timely manner.
Accounting and auditing engagements for the purposes of peer review are defined as:
- All engagements covered by Statements on Auditing Standards (SASs)
- Statements on Standards for Accounting and Review Services (SSARS)
- Statements on Standards for Attestation Engagements (SSAEs)
- Government Auditing Standards (the Yellow Book), issued by the U.S. Government Accountability Office (GAO)
The program is designed
- To be educational for firms in public accounting
- To further enhance the quality in their performance of accounting and auditing work
- To allow for firms to communicate with their fellow peers on the objectives of the accounting profession