Who is required to have and provide proof of a peer review as a condition of renewing a license?
Licensed CPA firms and sole practitioners that perform attestation services (including audits, reviews, and compilations that are relied upon by third parties) are required to provide proof of participation in a peer review program as a condition of re-licensure or license renewal. The peer review must have taken place in the three years immediately preceding the application for re-licensure or license renewal and, depending on the specific services provided; the timeline for the requirement is different for each type of service: a. If you have performed at least one attestation service that includes an audit anytime since March 1, 2008 , you are required to provide proof of a peer review completed between December 31, 2006 and December 31, 2009. b. If you have performed at least one attestation service that includes compilation with disclosures relied upon by third parties, or review, or both compilation with disclosures and review, but not audits, anytime since March 1, 2009, you are
Related Questions
- How will I prove my level of service and therefore show compliance with the new peer review requirements during the renewal of my license(s)?
- I undergo peer review to maintain a license in another state. Can I report the out-of-state peer review to California?
- Who is required to have and provide proof of a peer review as a condition of renewing a license?
