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Peer Review Information

All peer reviews administered by the VSCPA are performed under the AICPA Standards for Performing and Reporting on Peer Reviews.

If you're interested in learning more about how to become part of the Peer Review Program, or how to hire reviewers for your firm, check out frequently asked questions (PDF) from the American Institute of CPAs (AICPA). 


 Annual Report on Oversight


Instructions to Firms

The following instructions are from the AICPA Peer Review Program Manual.


 Scope Limitation Waivers

A reviewed firm may have legitimate reasons for excluding an engagement from the scope of the peer review, such as the engagement is subject to litigation. In these situations, the reviewed firm should submit a written statement to the VSCPA prior to the commencement of the review, indicating a) it plans to exclude an engagement(s) from the peer review selection process, b) the reasons for the exclusion and c) it is requesting a waiver from a scope limitation in the peer review report. Requests should be submitted to: Peer Review Program, VSCPA, 4309 Cox Road, Glen Allen, VA 23060; fax to (804) 273-1741; or email [email protected].

Acceptable reasons for excluding an engagement

  1. The engagement is subject to litigation.
  2. Client will not permit the firm to make the engagement available.

Unacceptable reasons for excluding an engagement

  1. The engagement working papers are in a warehouse.
  2. The firm no longer performs the audit for that client (and still has access to the documentation).
  3. The firm decided to no longer perform audits.
  4. The engagement was selected during the last peer review.
  5. The partner on that engagement will not be available for the scheduled dates of the peer review.
  6. The firm no longer performs engagements in that industry.

Extension Requests | Top

If a firm cannot have its peer review by the date assigned, the firm must submit a request for an extension through PRIMA prior to the due date of the review. The request should cite the reasons the firm cannot undergo the review and offer an alternative due date. Extension requests will be considered on a case-by-case basis and should not be made for any more than 90 days past the original due date. If a firm wishes to change its peer review year-end, that request can be made separately or in addition to any request for an extension of the peer review due date. 

For questions about extension requests, please contact the VSCPA Peer Review Team at [email protected] or (800) 733-8272, option 4.‚Äč


 Peer Review Resources