Peer Review Changes for Firms Set to Launch May 1, 2017

April 1, 2017

The AICPA plans to launch a new application to manage peer reviews on May 1, 2017.  The MSCPA will continue to administer the peer review program, but all documentation will now be handled electronically through the AICPA’s PRIMA application for all member and non-AICPA member firms.

Visit PRIMA

What is PRIMA?

Peer Review Integrated Management Application (PRIMA) is the new web-based application that will replace PRISM, which is the existing platform used by peer review administrators, reviewers, and firms to manage the peer review process. PRIMA is designed to be intuitive and responsive to our changing environment and will have a robust knowledge base available to all users.

 

For All Firms to Follow After May 1, 2017:

After May 1, 2017, 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
  • Facilitated State Board Access (FSBA)

Reviewer and Firm Training:

Free training after PRIMA go-live is scheduled for Tuesday, May 16, 2017 at 1:00 CST. Registration is available at aicpa.org/PRIMA. Links to the archived March 20 Reviewer Training and the March 22 Firm Training are also available on the website.

 

Communication:

All peer review correspondence under PRIMA will be handled electronically. PRIMA questions should be directed to AICPA support at 919-402-4502.
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