St. Clair CPAs, P.C. offers your firm an efficient and cost-effective Peer Review to meet the requirements of the AIPCA Peer Review Program. We also offer consulting services to assist accounting firms in preparing for Peer Review.
Peer Review Services

Participation in the AICPA Peer Review Program enables you to:

  • strengthen your firm's quality control policies and procedures,
  • see how your firm measures up to other firms, and
  • learn from other firms' best practices.

Many firms also benefit by using their Peer Review results as a marketing tool to underscore their commitment to quality.

The selection of your Peer Reviewer is critical to receiving the full benefit of your Peer Review. AICPA advises you to match your Peer Reviewer's experience to your firm's experience for maximum efficiency and insight. St. Clair CPAs, P.C. is a member of the AICPA Employee Benefit Plan Audit Quality Center and the Governmental Audit Quality Center.

Please contact us to discuss how we can help your firm implement best practices to achieve successful AICPA Peer Reviews.

Peer Review Consulting Services
Are you ready for Peer Review?
Our experienced consultants help accounting firms develop optimal quality control systems and prepare for Peer Review audits.
Which type of Peer Review is right for you?

St. Clair CPAs, P.C. offers peer firms AICPA System Reviews and Engagement Reviews.

System Review

Engagement Review

A System Review is a study and appraisal by an independent evaluator(s) known as a peer reviewer, who examines the system of quality control a CPA firm uses to perform accounting and auditing ("A&A") work. The quality control system represents the policies and procedures that the CPA firm has designed, and is expected to follow, when performing its work. The peer reviewer's objective is to determine whether the quality control system is designed to ensure compliance with professional standards, and whether the firm is following its system appropriately.

Firms that perform engagements under the Statements on Auditing Standards (SASs), Government Auditing Standards (Yellow Book) or examinations of prospective financial statements under the Statements on Standards for Attestation Engagements (SSAEs) are subject to System Reviews.

A System Review does not encompass other segments of a CPA practice, such as tax services or management advisory services, except to the extent that they are associated with financial statements, such as reviews of tax provisions and accruals contained in financial statements. ©AICPA

In an Engagement Review, the peer reviewer evaluates the CPA firm's financial statements and documentation with regard to conformance to AICPA professional standards. The reviewer does not express an opinion on the firm's compliance with its own quality control policies and procedures or compliance with AICPA quality control standards.

An Engagement Review provides the reviewer with a reasonable basis for expressing limited assurance that the financial statements or information, and the related accountant's report on the accounting, review and attestation engagements the firm submits for review, conform to professional standards; and that the CPA firm's documentation conforms with the requirements of professional standards.

Firms that only perform compilations and reviews under Statements on Standards for Accounting and Review Services (SSARS) and/or services under the SSAEs not included in System Reviews have Engagement Reviews. Firms required to have an Engagement Review may elect to have a System Review. ©AICPA

Considering Peer Review? Consider St. Clair CPAs, P.C.

Locally owned and operated since 1986, St. Clair CPAs, P.C. provides accounting, audit, tax services and consulting to closely-held businesses, estates and individuals. For more than 30 years, our enduring relationships with clients and employees have been recognized by local media and consumers in the greater Philadelphia region with numerous annual awards for Top Accounting Firm and Top Workplace.

Our firm serves clients in working in 50 industries, with particular auditing and accounting expertise in these areas:

  • Government Auditing Standards (Yellow Book Audits)
  • School Districts
  • State and Local Governments
  • Uniform Guidance (previously Single Audit A-133)
  • Employee Benefit Plans
  • Mortgage, Banking and Finance
  • Construction and Real Estate
  • Affordable Housing including HUD
  • SOC1 Engagements
  • Franchise Operations
  • Manufacturing
  • Health Care
  • Not-for-profit Organizations.

St. Clair CPAs, P.C. is a member of the AICPA Employee Benefit Plan Audit Quality Center and the Governmental Audit Quality Center. As members of BKR, a worldwide association of independent accounting firms, we offer clients global capabilities delivered with highly personal service.

We welcome the opportunity to discuss our Peer Review services with you. For personal assistance, please contact:

Joseph L. England, CPA
Joseph L. England, CPA

Michael E. Mostochuk
Michael E. Mostochuk, CPA