Peer Review


A peer review involves an independent CPA firm such as Haynie & Company CPAs reviewing financial statements prepared by another CPA firm to determine if these financial statements comply with professional standards.


Firms enrolled in the American Institute of CPA’s (AICPA) Peer Review Program are required to have a peer review, once every three years, of their accounting and auditing practice related to non-Security and Exchange Commission (SEC) issuers covering a one-year period. The peer review is conducted by an independent evaluator, known as a peer reviewer. The AICPA oversees the program, and the review is administered by an entity approved by the AICPA to perform that role.