Types of Peer Reviews and review teams
Peer Review Administration
Jessica Barillari
Peer Review Administration
Jessica Barillari
Selection of engagements
System Review
You should contact your team captain and begin planning the review together early enough, at least six to nine months prior to the due date, to make sure all documents will be submitted to the administering entity by your firm’s due date. Based on the requested information by the team captain, he or she will make a preliminary selection of the offices and engagements he or she intends to review. The initial selection of engagements to be reviewed will be provided no earlier than three weeks before the commencement of the peer review. This should provide ample time to enable the firm (or office) to assemble the required client information and engagement documentation before the review team commences the review. However, at least one engagement from the initial selection to be reviewed will be provided to the firm once the review commences and not provided to the firm in advance. This engagement should be the firm’s highest level of service and should not increase the scope of the review.
Engagement review
The review captain will select the types of engagements to be submitted for review in accordance with the AICPA Peer Review Program Standards.