Peer Review

The American Institute of Certified Public Accountants (AICPA) requires its member firms to undergo a peer review every three years. A peer review is a periodic external review of a firm's quality control system in accounting and auditing and is also known as the AICPA's practice monitoring program. AICPA members engaged in the practice of public accounting are required to practice in a firm that is enrolled in an approved practice-monitoring program such as the Peer Review Program.

The Florida Institute of CPA's administers the AICPA Peer Review Program for both AICPA members firms and non-AICPA member firms. The program is designed to be educational for firms in public accounting to further enhance the quality in their performance of accounting and auditing work. The program also allows for firms to communicate with their fellow peers on the objectives of the Accounting profession.

• The Law
• The Requirement
• Frequently Asked Questions (FAQs)

The AICPA launched a new web-based application on May 1, 2017. The FICPA will utilize the Peer Review Integrated Management Application (PRIMA) to administer peer reviews. The FICPA will no longer accept electronic or paper forms. Firms will be required to submit the information via the new web-based application, PRIMA.

For all firms to follow after May 1, 2017

After May 1, 2017, all enrolled firms will complete all peer review information directly in PRIMA. This includes:

• Updating your firm’s enrollment (including your firm’s Managing Partner and Peer Review Contact as well as indicating the levels of service performed by your firm)
• Scheduling your firm’s peer review
• Responding to Matters for Further Consideration (MFCs), if applicable, during your review
• Responding to Findings for Further Consideration (FFCs), if applicable, during your review
• Acknowledging your peer review acceptance letter
• Submitting evidence for corrective actions

If your firm has gone through or is currently experiencing a dissolution, merger, purchase, sale or name change, please contact one of the staff members listed below.

View the Firm Structure Change Form

Additional Information is available within the AICPA's Peer Review Q's & A's. Please click on the following link to access this:

AICPA's Peer Review Q's & A's 

Our goal is to help the reviewed firm and the reviewers have the smoothest possible progression through the peer review process. If at any time you have questions or concerns please contact one of the staff members listed below. We will do our best to answer your questions in the quickest most informative way possible. You may reach us at (800) 342-3197 or (850) 224-2727.