Peer Review

The AICPA practice monitoring program is dedicated to continually enhancing the quality of accounting, auditing, and attestation services performed by AICPA members in public practice. To protect the public interest, the program is driven by adherence to the highest possible professional standards and understanding the changing business and regulatory environments. The AICPA practice monitoring program enables firms to meet their state licensing, federal regulatory and/or AICPA membership requirements.

Firms required to be registered and inspected by the Public Company Accounting Oversight Board (PCAOB) or that perform audits of non-SEC issuers pursuant to the standards of the PCAOB are required to be administered by the National Peer Review Committee (National PRC). All other firms may be administered by either the administering entity designated for their state or the National PRC. The AICPA peer review program is designed to review and evaluate those portions of a firm's accounting and auditing practice that are not inspected by the PCAOB (i.e., the non-SEC issuer practice).