At the core of the CPA profession are integrity and the protection of the public. To achieve adherence to the highest possible professional standards, the American Institute of CPAs (AICPA) established the Peer Review Program for AICPA members in public practice who provide attestation services. Public accounting firms engage in a peer review to review and report on the firm’s system of quality control in applying professional standards. Peer Review is also a statutory requirement for Kansas firms (KSA 1-501 and Accountancy Regulations Article 11), and most firms are required to have a peer review once every three years.
The Peer Review Program for Kansas CPA firms is now administered by the Oklahoma Society of CPAs (OSCPA) effective November 1, 2020. Visit the OSCPA website, the peer review information hub.
For reference, this FAQ document provides common questions and answers regarding the transition of the peer review administration from KSCPA to OSCPA. Peer review outsource FAQ.pdf
© Copyright 2022 KSCPA | All Rights Reserved