New Peer Review Quality Management Standards
Note: This page was last updated on June 30, 2025.
If you are providing attest services in Indiana, you should be enrolled in Peer Review. If you are not enrolled, please contact the administering entity for Indiana peer review: the Peer Review Alliance.
Firms enrolled in Peer Review must implement QMS standards and be in full compliance by December 15, 2025.
- If you have not yet created a plan or begun implementation, reference resources below to start now. Contact your peer reviewer with questions about implementing a plan.
- If you do not start now, you may not have enough time to be in compliance before the deadline and are running the risk of receiving a failed peer review.
- A failed peer review in Indiana is reported to the Board of Accountancy’s Peer Review Oversight Committee for determination of disciplinary action. (IC 25.1-9-4 Peer Review rating of fail; definitions)
- Indiana Peer Review Rules (872 IAC 1-6 Peer Review, starting on p. 26)
- If you have started your QMS implementation plans and are on track: congratulations! We have additional resources below for your reference.
Resources
- AICPA’s Quality Management Resources
- ASB’s Statements on Quality Management Standards
- Journal of Accountancy QMS Articles
- [Report] The Future of Audit: Building Relevance & Sustaining Quality
- [Article] CAMICO: Tips & Tools for Risk Management
- [Article] 6 Tips for Implementing the New Quality Management Standards
- [Article] Moving Beyond Risk Assessment in the SQMS Implementation Journey
- [Article] Is your firm’s new quality management system on target for December 2025?
Questions or Concerns?
Contact the Peer Review Alliance, your peer reviewer or Sherrill Rude, CAE at [email protected] or (317) 726-5016.
