Resource | Peer Review

The Mississippi Society of CPAs administers the AICPA Peer Review Program for firms with main offices located in Mississippi.

Peer Review Resources

November 30, 2017 The MSCPA looks forward to working with you in making the Peer Review Program operate as smoothly as possible. For further information, contact Noma Gillis, MSCPA Peer Review Coordinator, at 601-856-4244.

Peer Review Transparency

Peer Review Changes for Firms Set to Launch May 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.

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Peer Review Changes Effective January 1, 2017

January 1, 2017 The Mississippi State Board of Public Accountancy has amended the rules regarding peer review to specifically include preparation engagements in the peer review process. The intent of this rules change is for a preparation engagement to basically be a must select in both System and Engagement Reviews. In both types of reviews this may result in additional engagements above what the AICPA standards require being selected to ensure that a preparation engagement is selected.  Also, firms that only do preparation engagements will be included in the peer review program in the State of Mississippi. Under the AICPA rules, those firms would otherwise not be included.

Information for Peer Review Firms

November 30, 2016 Peer Review firms information including scheduling, enrollment and more can be found here.

Scheduling

As part of the AICPA’s transition to the new Peer Review Integrated Management Application (PRIMA), the current Information Required for Scheduling Peer Reviews (background) form will be discontinued as of April 20, 2017. To allow staff sufficient time to process your information, all scheduling materials were required to be submitted to MSCPA by Monday, April 10, 2017. If you are unable to submit your information in time, you will need to do so directly in PRIMA. PRIMA will launch Monday, May 1, 2017. Firms attempting to schedule their peer review will log into PRIMA at: prima.aicpa.org after May 1, 2017. If your scheduling information is currently overdue, you will be provided additional time to submit your information once PRIMA goes live. For an FAQ and more information, see AICPA.org/PRIMA.

Enrollment

As part of the AICPA’s transition to the new Peer Review Integrated Management Application (PRIMA), the current Enrollment form will be discontinued as of April 20, 2017. To allow staff sufficient time to process your information, all enrollment forms were required to be submitted to MSCPA by Monday, April 10, 2017. If you are unable to submit your information in time, you will need to do so directly in PRIMA. PRIMA will launch Monday, May 1, 2017. Firms attempting to enroll in peer review will log into PRIMA at: prima.aicpa.org after May 1, 2017. For an FAQ and more information, see AICPA.org/PRIMA.

Administrative Fees

MSCPA charges an administrative fee billable annually to cover the operational costs of the program. All firms subject to peer review will pay the annual fee based on the number of professionals in the firm. 

Other

Peer Review FAQs

The Peer Review Program is an educational and remedial program designed to help you improve the quality of your accounting and auditing practice. Peer review focuses on monitoring individuals' and firms' conformity with professional standards and is one of the self-regulatory tools used by the profession to protect the CPA hallmark and the public interest. Learn more.

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