Professional Resources

Professional Resources

 
 
 

Peer Review

 

peer review cpe

Advanced Practice Issues & Solutions In Audits of Employee Benefit Plans - 5/29/2008 - Grand Rapids
Employee benefit plan audits continue to present a myriad of practice issues and risks that must be addressed. This advanced course will give you...
Accounting and Auditing for Non-Profit Entities (4-hour pm session) - 5/30/2008 - Troy
Keep you up-to-date on key accounting and auditing issues for nonprofit organizations, whether you are in public practice or working for a...

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Contact:

MACPA
Peer Review Department

AICPA
Peer Review Division

The MACPA Peer Review Program was developed as an educational tool providing information and support to Michigan CPA firms and sole practitioners. It is dedicated to enhancing the quality of accounting, auditing and attestation services performed by Michigan CPAs in public practice.

Peer Review Requirement Extended

On March 1st Governor Granholm signed Senate Bill 191 (now Public Act 1 of 2007) into law.

Senate Bill 191 (now Public Act 1 of 2007) provides for the phase-in of firms required to provide proof of participation in a peer review (those firms and sole practitioners that perform audit, review or compilation engagements provided to a third party) as follows:

  • Firms and sole practitioners that perform an audit as their highest level of service are required to provide proof of completion of a peer review upon license renewal or license application beginning March 1, 2008.
  • Firms and sole practitioners that perform a review or a compilation with disclosures as their highest level of service are required to provide proof of completion of a peer review upon license renewal or license application beginning March 1, 2009.
  • Firms and sole practitioners that perform a compilation without disclosures as their highest level of service are required to provide proof of completion of a peer review upon license renewal or license application beginning March 1, 2010.

Peer Review Transparency

Reviewer Resources

AICPA Practitioners Tool Kit for Peer Reviewers

The AICPA has released a Peer Review Practitioner’s Tool Kit as part of the initiatives the AICPA is undertaking to enhance the Peer Review Program.  This Tool Kit provides samples and guidelines that both new and experienced peer reviewers can use to help them in promoting their peer review services and develop their practice.

The MACPA and the AICPA are committed to increasing the pool of reviewers and helping new and experienced reviewers be successful.  Explore the new Practitioner’s Tool Kit at: http://www.aicpa.org/members/div/practmon/practitioners_toolkit.asp and propel your practice forward!