The American Institute of Certified Public Accountants (AICPA) members adopted mandatory peer review in 1988 for all firms engaged in the practice of public accounting in the United States or its territories and as a condition of being a member in the AICPA. Since then the business and regulatory environments in America have changed radically. The peer review program has also evolved and remains designed to ensure that all CPA firms conduct their practice in accordance with the AICPA Code of Professional Conduct and that each member firm has in place quality control procedures to ensure that all services are competently delivered.
Business HandshakeFirms (and individuals) enrolled in the AICPA Peer Review Program are required to have a 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 AICPA oversees the program, and the review is administered by an entity approved by the AICPA to perform that role. The North Carolina Association of Certified Public Accountants (NCACPA) administers the peer review program in North Carolina. The review is conducted by an independent evaluator, known as a peer reviewer.
As part of our ongoing commitment to upholding the highest professional and ethical standards in public accounting, Bernard Robinson & Company actively participates in the peer review program. Under the leadership of Victor Blackburn, our firm plays a vital role in ensuring that CPA firms maintain compliance with AICPA standards and best practices. Victor brings extensive experience to the review process, serving on Coastal Peer Review, Inc., which is responsible for accepting all non-SEC-related peer reviews conducted throughout the United States. Additionally, he acts as a Technical Reviewer, meticulously evaluating reviews performed by other firms before they are submitted for final acceptance. Through our involvement in the review program, we help promote transparency, accountability, and continuous improvement within the accounting profession. This dedication not only benefits the firms we review but also enhances the trust and confidence of clients and stakeholders who rely on accurate and high-quality financial reporting.
Let’s Get Started today!
Victor Blackburn Assurance Partner, CPA
Victor is a partner in our firm, serving clients in the firm’s assurance practice. Auditing and consulting for companies and organizations in a broad range of industries since 1990, Victor’s clients include companies in the government, nonprofit, manufacturing, wholesale, retail and service industries and organizations requiring Uniform Guidance and Yellow Book Audits. Victor’s experience […]
