Peer Review

AICPA Peer Review Program

The American Institute of Certified Public Accountants (AICPA) requires its members who practice public accountancy be affiliated with a firm that is enrolled in an approved Peer Review Program. Accounting firm peer reviews are required every three years.

Members of the AICPA's Peer Review Program agree to meet professional quality standards, including annual continuing education for all professional staff, and to undergo an independent Peer Review once every three years. With the introduction of the new Quality Management Standards (QMS), peer reviews have become even more critical in ensuring compliance and excellence in accounting practices.

Both Nancy Kelly and Jonathan Vitale are Peer Reviewers who stay current with these evolving standards and work as a team with firms. As qualified Team Captains, they lead peer review engagements and bring comprehensive expertise in all three must-select areas: Uniform Guidance, Yellow Book, and ERISA. Each partner has hands-on experience in these specialized areas as well as expertise in implementing the new QMS framework that replaced the previous quality control standards.

Expert Peer Reviewers at Your Service

The selection of your Peer Reviewer is critical to receiving the full benefit of your peer review. Ideally, you want to match your Peer Reviewer's experience to your firm's experience for maximum efficiency and insight.

With the implementation of the AICPA's new Quality Management Standards (QMS) in 2025, firms need reviewers who understand both the existing and new requirements. Our team provides guidance on both the technical aspects of your engagements and how your firm's quality management system meets these enhanced standards.

Our Peer Review Services

Comprehensive peer review solutions tailored to your firm's needs

Engagement Reviews

Designed for firms that do not conduct audits under generally accepted auditing standards, Government Auditing Standards, or examinations under the Attest Standards.

System Reviews

For accounting firms that conduct audits under generally accepted auditing standards, Government Auditing Standards, and examinations under the Attest Standards. This includes reviews, compilations, and agreed-upon procedures.

Peer Review Consulting

Includes pre-issuance and post-issuance reviews of engagements to help you identify and address potential issues before they become findings in a formal peer review.

Internal Inspections and Monitoring

Regular internal inspections to ensure ongoing compliance and quality, helping your firm maintain high standards between formal peer reviews.

Corrective Actions and Implementation Plans

Assistance with compliance regarding corrective actions or implementation plans resulting from peer reviews, helping you address findings effectively.

Specialized Services

Qualified to provide services for 'must selects' such as ERISA and Uniform Guidance, ensuring thorough reviews in these specialized areas.

Consulting on Audit Software Solutions

Guidance on the implementation of Audit Software and the new Quality Management Standards. We help firms optimize their use of technology with the KVR methodology for quality and audit efficiency.

QMS Readiness Assessment

With the AICPA's Quality Management Standards effective December 15, 2025, now is the time to prepare. Our QMS Readiness Assessment evaluates your firm's current quality control system against the new standards, identifying gaps and providing a roadmap for compliance.

This proactive approach allows your firm to implement changes methodically rather than rushing toward the deadline, reducing stress and ensuring a smooth transition to the new requirements.

Our Approach to Peer Review

We deliver peer reviews that balance thoroughness with practicality, optimizing both value and effectiveness for your accounting practice. Our collaborative methodology treats peer review as a growth opportunity rather than just a compliance exercise. By working alongside your team in a constructive and educational manner, we help transform the peer review process into a catalyst for enhancing your quality control systems and elevating your overall audit capabilities.

Commitment to Quality and Collaboration

At our firm, we go beyond the formal peer review process by embracing a collaborative approach to continuous improvement. We believe in informally sharing practical tips and best practices that enhance audit efficiency, strengthen documentation techniques, and contribute to both cost savings and revenue growth.

In addition, we support fellow accounting firms by performing annual inspections in compliance with their quality control policies, helping them maintain the highest standards of professional excellence.

Industry Experience

Specialized expertise in must-select peer review industries

At KVR, we have a diverse client base, which means we can select a team with a depth of experience to match your specific practice areas, particularly in must select peer review industries. Our industry experience includes:

Uniform Guidance

Deep expertise in federal award audit requirements

Yellow Book

Specialized in government auditing standards

ERISA

Expert in employee benefit plan audit requirements

In addition to the above, we also provide Engagement Quality Control Review services for client firms who may already have a peer reviewer but require an independent Quality Control Review for their practice based on the nature of their clients.

Ready to enhance your quality control?

Contact us today to discuss how our peer review services can help your firm meet professional standards while improving your practice.