HW CPAs & Advisors: Peer Review Services

The American Institute of Certified Public Accountants (AICPA) requires its member accounting firms who perform certain services to enroll in the AICPA Peer Review Program (PRP). Accounting firms who issue reports on audits, reviews, or compilations purporting to be in accordance with AIPCA standards must be reviewed periodically under PRP in order to maintain their membership. These reviews are administered by the state CPA society and must be performed by a qualified peer reviewer approved by the AICPA.

What criteria should you use when selecting a firm to perform a Peer Review?

You will want to consider the level of audit experience and expertise of the peer reviewer based upon their:   

  • Years of auditing
  • Number and type of audit engagements they’ve managed
  • The industries they’ve audited
  • The types of audits they’ve conducted
  • Years as a peer reviewer
  • Number and type of firm’s they’ve peer reviewed
  • The types of engagements and industries served by their peer review clients
  • The types of teaching, speaking or article writing they may do related to auditing or peer review
  • Their ability to supply references

We have audit experience in the following areas:

  • A-133
  • ERISA – defined contribution or benefit plans (401(k), 403(b), etc.)
  • HUD
  • Health Care
  • Manufacturing
  • Nonprofit Organizations
  • Personal financial statements
  • Professional service firms
  • Real Estate/Construction
  • Retail, Wholesale and Distributors
  • Yellow book audits

HW&Co. has qualified peer reviewers approved by the AICPA.

  • Stanley J. Olejarski, CPA, is Principal and Director of our Accounting & Auditing Department. Stanley has over 30 years of auditing experience.
  • Michael R. Muniak, CPA, is an Accounting & Auditing Senior Manager with over 17 years of auditing experience and has been performing peer reviews since 2001.