Accounting and Assurance Solutions

Peer Review

Peer reviews are not effective if the latest regulations aren't understood or applied.  All of our review standards and issue reports comply with AICPA professional standards and go through the AICPA practice-monitoring program process.  HKGLLP is highly skilled to perform peer review services that are cost-effective and efficient.

We provide the following peer review services:

  • Pre-Peer Review or Mock-Peer Review
  • Annual Inspection Assistance
  • Engagement Review
  • System Review

The American Institute of CPAs (AICPA) established the Peer Review Program nearly 20 years ago to enhance the quality of accounting, auditing and attestation services performed by AICPA members in public practice. The AICPA Peer Review Program illustrates the accounting profession’s dedication to integrity and protection of the public and is driven by adherence to the highest possible professional standards.

The AICPA Peer Review Program is well-respected by both practitioners, state boards of accountancy and other users of the peer review process, who recognize the program as an effective quality improvement tool.

Since 1977, over 50,000 CPA firms have undergone more than 160,000 peer reviews, resulting in reports that provide insight into participating firms’ quality control standards and their real-world use of those standards. Approximately 32,000 firms are currently subject to peer review, with 41 individual state CPA societies serving as administering entities in the 55 licensing jurisdictions. Currently, 39 states require peer review as a condition of licensure.

HKG is active in the performance of peer reviews for firms in the southwest region of the United States, including California, Nevada, Arizona and Hawaii.

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