Peer Review Services for Accounting and Audit Firms
Peer review can feel high stakes, especially when firm reputation and professional standing are on the line. Meeting program requirements while continuing to serve clients and manage internal workloads adds pressure that most firms feel acutely.
Haynie serves as a peer reviewer within the AICPA Peer Review Program, working with accounting and audit firms to complete objective reviews aligned with AICPA standards and program expectations.
Haynie Holds Itself to the Standard It Reviews
A peer reviewer is only as credible as their own track record. It’s one thing to evaluate someone else’s quality control. It’s another to have passed that same review yourself.
Who Does Peer Review Apply To?
Peer review applies to accounting firms that perform audit, review, or other attest engagements and are enrolled in an approved peer review program. These requirements extend across firm sizes and service models, from sole practitioners to multi-office firms.
Firms commonly subject to peer review include:
Peer Review FAQs
Firms enrolled in an approved peer review program complete a peer review on a recurring cycle, typically every three years. The review covers a specific period of engagement work rather than multiple years. Firms receive notice of upcoming review timing through their administering entity.
Engagement selection follows program guidelines and is based on the firm’s practice profile. Reviewers examine a representative sample of audit and attest engagements performed during the review period. This selection provides a clear picture of how the firm applies professional standards in practice.
The peer review timeline includes planning, fieldwork, reporting, and submission phases. Much of the timeline depends on documentation readiness and scheduling coordination. Most reviews are completed within a defined review window to support timely submission requirements.
Some peer reviews result in findings that require follow-up or corrective action. Haynie documents findings in the final report along with required responses and remediation steps, guiding firms through next steps so items can be addressed and the process completed efficiently.
Preparation involves organizing engagement files, quality control documentation, and required firm records. Confirming engagement availability and identifying a primary point of contact early supports a smoother review and clearer communication throughout the process.
Connect With Haynie About Upcoming Peer Review Requirements
AICPA peer review requirements call for careful preparation and a clear understanding of review expectations. Haynie works with accounting and audit firms to navigate review cycles, address findings, and meet reporting obligations efficiently. Reach out to discuss your upcoming peer review needs and what to expect.
