Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

If your mandatory peer review reporting is due July 2012, its time to get started

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Mandatory peer review in California is being phased in over three years.  Current issue of the California Board of Accounancy’s newsletter, Update, has a superb brief article on page 8.

Here is a great one sentence summary:

In July 2011, licensees with license numbers ending in 34 through 66 were notified that they are required to submit a Peer Review Reporting Form to the CBA by July 1, 2012.

It takes a long time to go from registering with the national peer review program, to finding and retaining a peer reviewer, getting the reviewer approved by CalCPA, going through the review, and finally getting through a very long approval process.

Timeline mentioned by CBA?

The entire peer review process can take 4-6 months.

If 7-1-12 is your first reporting deadline, it’s time to get started!

Read the full article. You can find it on page 8 of Update here.

Written by Jim Ulvog

January 5, 2012, 7:35 am at 7:35 am

Posted in Peer Review

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