In order to be admitted to or retain membership in the AICPA, practitioners who are engaged in the practice of public accounting are required to be practicing in firms enrolled in an AICPA approved practice-monitoring program if the services performed by the firm are within the scope of the AICPAs practice-monitoring standards and the firm issues reports purporting to be in accordance with AICPA professional standards. (See full requirements)

A firm (or individual) enrolled in the Center for Public Company Audit Firms Peer Review Program (CPCAF PRP) or the AICPA Peer Review Program (AICPA PRP) is deemed to be enrolled in an approved practice-monitoring program.

Firms that are required to be registered with and inspected by the Public Company Accounting Oversight Board (PCAOB) must have a CPCAF PFP peer review.

Firms that are not required to be registered with and inspected by the PCAOB may enroll in either the CPCAF PRP or the AICPA PRP.

All other firms have a peer review under the AICPA PRP. The AICPA PRP is a peer review program that is developed and overseen by the AICPA and administered by 41 state CPA societies across the country.

To enroll in an Institute-approved practice-monitoring program, please click here.

Click here to learn more about increased transparency of the peer review process