Reviewer Qualifications

AICPA Peer Review Program Reviewer Requirements

• Should be an AICPA member in good standing (that is, AICPA membership in active status) licensed to practice as a certified public accountant with an enrolled firm that, if reviewed, has received an unmodified report on its system of quality control or an unmodified report on its engagement review or off-site peer review.
• Should possess current knowledge of applicable standards.
• This includes knowledge about current rules and regulations applicable to the industries for which engagements are reviewed. Such knowledge may be obtained from on-the-job training, training courses, or a combination of both
• Should have at least five years of recent experience in the practice of public in the accounting or auditing function
• Should be currently active in the practice of public accounting at a supervisory level in the accounting or auditing function of a firm enrolled in an approved practice monitoring program (that is, a firm enrolled in the AICPA Peer Review Program or a firm that is a member of the SEC Practice Section) as a partner of the firm or as a manager or person with equivalent supervisory responsibilities. To be considered currently active in the accounting or auditing function, a reviewer should be presently involved in the accounting or auditing practice of a firm supervising one or more of the firm's accounting or auditing engagements or carrying out a quality control function on the firm's accounting or auditing engagements.

Special Requirements for System Review Team Captains
In addition to adhering to the general requirements for a reviewer, an individual serving as a team captain on a system review should---

• Be a partner of an enrolled firm that has received an unmodified report on its system of quality control for its accounting and auditing practice for its most recently completed peer review. If the individual is associated with more than one firm, then each of the firms the individual is associated with should have received an unmodified report on its most recently completed peer review of its accounting and auditing practice
• Have completed a training course or courses that meet requirements established by the Board.

Special Requirements for Engagement Report Reviewers
In addition to adhering to the general requirements for a reviewer, an individual serving as a reviewer on an engagement or report review should ---

• Be associated with a firm that has received, on its most recently completed peer review, either an unmodified report on its system of quality control or an unmodified report on its engagement review or off-site peer review. If the individual is associated with more than one firm, then each of the firms the individual is associated with should have received an unmodified report on its most recently completed peer review of its accounting practice.
• Have completed a training course or courses that meet requirements established by the Board.

For questions about the AICPA Peer Review Program, please contact the Peer Review Department at (317) 726-5000 or e-mail info@incpas.org.

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