Peer Review Administration

The Alabama State Board of Public Accountancy has adopted the AICPA Standards for Performing Peer Reviews, and has approved the Alabama Society to administer reviews. In accordance with the AICPA standards, the Alabama Society has established a Peer Review Committee known as the RAB (Report Acceptance Body). This committee evaluates the results of all reviews, determines whether any corrective actions must be taken, and is responsible for carrying out and monitoring procedures necessary for the completion of corrective actions. Since this is designed to be an educational program, all reviewers and committee members are subject to strict confidential standards regarding all reviews.

A practice review must be performed through a Firm-on-Firm Review, whereby you select a firm to perform your review and the Alabama Society will check and verify they are qualified to do your review. A list of qualified reviewers is available and will be sent to you upon request. The Alabama Society or any other state CPA Society who is involved in administering the AICPA program can administer a Firm-on-Firm review.