Practice Management Toolkit

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Current Peer Review Practice Management Toolkits 

Please note, for reviews that commenced before January 1, 2017, archives of the checklists and forms are here. Early adoption of these checklists and forms is not allowed, except for sections 4500, 4550, 4600, 4650 and 4700.



REMINDER: Peer Review Guidance and Practice Aid Changes Effective January 2017

During 2016, the AICPA Peer Review Board (PRB) approved significant changes to the Peer Review Standards, Interpretations, other related guidance and practice aids, which are effective for reviews commencing on or after January 1, 2017. These changes impact all phases of a peer review – planning, execution and reporting.

The October 2016 Reviewer Alert includes a detailed discussion of these changes that peer reviewers are encouraged to read. Additionally, a new webpage has been created that describes how the changes impact both review teams and firms and where more information can be obtained.

More information can be found in the May PRB Meeting Materials where these changes were discussed and approved. These materials also include an example timeline (page 173 of the PDF) of when certain procedures should be performed in a peer review that commences after January 1, 2017.

For updates, continue to monitor Reviewer Alerts.

 

The System and Engagement Review Practice Management Toolkits provide you with additional tools to perform peer reviews.

The System Review Toolkit has folders of tools for:

Firms consisting of sole practitioners with no personnel
Firms consisting of more than two personnel

To see these folders, you should “Extract” the documents in the .zip file and ensure that the box for “Use Folder Names” is checked during the extraction process. An overview of the tools has been provided in each toolkit.

As a peer reviewer, you should download the appropriate toolkit each time you begin a review to ensure you have the most updated tools and checklists.

Please download the current
System Review Toolkit or the Engagement Review Toolkit.

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