CPA Form 6PR - Peer Review Reporting and Competency - op nysed 2025

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To prepare compiled financials as a CPA, you need to have a peer review done first and then every 3 years afterwards.
Since peer review is required by state accounting licensure boards, firms that pass with deficiencies or fail must undergo a rigorous, point-by-point process to improve quality. This process is called remediation, and firms that fail remediation are in danger of having their license revoked.
Education Law 7410 requires public accounting firms to undergo a peer review of the firms attest services within 18 months of providing its initial attest service and every three years thereafter.
The AICPA requires its member firms to undergo a peer review every three years.
(All attest services are subject to Peer Review). Firms must undergo peer review at least once every 3 years.
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A CPA firm must engage a unrelated accounting firm every three years. The unrelated accounting firm will perform a independent review of the firms audit practices.
Peer Review Mandate The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in India, has already mandated Peer Review for auditors who are conducting statutory audit of listed entities.

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