Peer Review

Peer Review

Welcome to Peer Review information for firms. This section contains forms and other resources most often requested by firms. It also contains an overview of the Peer Review Program fee structure. 

Resources


FEES

Annual Administrative Fees:
All enrolled firms share in supporting the Peer Review Program through an annual administrative fee which is billed each year for the fiscal year of June through May. Although a firm is reviewed every three years, the administrative program costs are ongoing. The Peer Review Program is self-supporting with a break-even budget. We continually explore cost containment methods; however, even with our best efforts, there are many things that are beyond our control that directly affect the cost of doing business.

2018
Learn more about the fee structure here.

Reinstatement Fees:
Firms dropped or terminated from the Peer Review Program for failure to pay annual administrative fees, for not providing information necessary to perform the review, or for any other reason, will be required to pay a $150 reinstatement fee.

Firms requesting reinstatement into the Peer Review Program after more than one year must pay the annual administrative fee for the year immediately prior to reinstatement, in addition to the current fiscal year fees.

Recall Fees:
In the event of the need to recall any peer review’s previously issued acceptance letter and/or to accelerate a firm’s review completion before its next regularly scheduled due date, whether acceleration is voluntary or involuntary, in lieu of recall procedures, the affected firm(s) will be charged an administrative or enrollment fee at the time of recall. In addition to the regularly assessed annual administrative fee the firm will be charged an administrative fee equal to three times the annual fee routinely charged to firms of a similar size undergoing a system review, based on the committee approved schedule of administrative or enrollment fees then in effect. The regularly assessed annual fee covers the administration of one peer review during the regular three year cycle. Because a recall necessitates a second peer review in the same three year period, the administrative fee is doubled.



News Alert - Peer Review Update
Does your firm perform audits of broker dealers? Refer to Information for Firms that Perform Broker-Dealer Audits or Attestation Engagements and Broker-Dealer Engagements: Peer Review Implications for more information.

ABOUT WSCPA

The Washington Society of Certified Public Accountants is the only organization in the state of Washington dedicated to serving the professional needs of CPAs, educating consumers about CPAs and the services they provide, and encouraging students to study accounting and enter the profession.

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CONTACT

Washington Society of CPAs
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Bellevue, WA 98005-3480

  • (P) 425-644-4800
  • (F) 425-562-8853

The WSCPA's business hours are 7:30 a.m. to 4:30 p.m., Monday through Friday.