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NASBA’s CPE Audit Service will be down for scheduled maintenance on Saturday, May 25. 

Peer Review

The requirement to enroll in peer review is not tied to firm licensure for Virginia CPA firms.

A Virginia CPA firm is required to enroll in peer review based on what is aligned to the enrollment requirement outlined in the American Institute of CPAs Peer Review Program Standards.

Firms gaining licensure after July 1, 2017, who provide attest and compilation services must first enroll in peer review. If a firm does not perform services that include issuing reports purporting to be in accordance with AICPA professional standards, it is not required to enroll in peer review.

A firm must comply with all components of the peer review in which it is enrolled. However, depending on the facts and circumstances, the VBOA may waive the requirement for a peer review or grant additional time for complying with the requirement. This is done on a case-by-case basis.

Virginia CPA firms will be selected for a compliance review of their peer review as a component of any open enforcement case, or in situations where the VBOA believes that a peer review compliance review is warranted.

View the Peer Review Oversight Committee report for 2021.