About peer review
The peer review program is dedicated to enhancing the quality of accounting, auditing and attestation services performed by CPAs in public practice. A CPA firm engages a peer firm to review and evaluate the design of its system of quality control and compliance with it (a System review) or to evaluate whether reviewed engagements are performed and reported on in conformity with applicable professional standards in all material respects (an Engagement review). The type of the review depends on scope of engagements performed by the reviewed firm. At the conclusion of the review, the reviewer issues a report assigning the firm a grade of Pass, Pass with deficiency, or Fail.
In addition to issuing a report, peer reviewers provide valuable feedback. CPAs use this feedback to enhance the quality of their practice.
MNCPA 2022 annual report on peer review activities (DOCX)
Pay Peer Review fees
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Current news in peer review
Spring 2023 PR Prompts
Fall 2023 PR Prompts
MNCPA and Minnesota Board of Accountancy requirements
- The MNCPA requires all members whose firms are engaged in public accounting in Minnesota, and who perform services within the scope of the AICPA practice monitoring standards, to enroll in the peer review program.
- Peer reviews ordinarily take place every three years.
- The BOA requires all firms that issue attest or compilation reports to have a peer review
The Minnesota requirements related to peer review are found in the Minnesota rules 1105.46 to 1105.55.
Information for firms
PRIMA is the Peer Review Integrated Management Application, a web-based, interactive system used by all parties in the peer review process. Use of PRIMA is required for all reviews.
Frequently asked questions
Answers to questions on how to select a peer reviewer, the types of peer reviews, the peer review process, and more.
Become a peer reviewer
Peer reviewers serve the profession by promoting quality. Performing peer reviews can also become a niche practice area.
For more information, contact Sabine Anderson, Peer Review Coordinator, at 952-885-5514 or firstname.lastname@example.org.