Peer Review

Our goal is to strengthen and enhance your client services through quality control recommendations and the sharing of best practices.

The AICPA Bylaws state that if you are an AICPA member active in the practice of public accounting, provide services within the scope of the peer review standards and issue reports in accordance with AICPA professional standards, you must be associated with a firm that participates in AICPA-approved practice monitoring. Additionally, even if you are not an AICPA member, most licensing jurisdictions require peer review for licensure. 

Examples of BMSS services offered:

• System peer reviews on your firm's system of quality control
• Engagement reviews for firms that do not provide audit services
• Industry-specific team members in "must select" peer review areas
• Guidance through any oversight and acceptance issues
• Annual inspections for firms that already have a peer reviewer

If you're unsure about whether your firm needs a Peer Review, or if you currently receive Peer Reviews but have questions, contact our team and we can meet to discuss your options.

Expertise

Michael Brand, CPA, CGMA leads our peer review practice area and is responsible for our team of peer reviewers. Mike has been a peer reviewer for over 20 years, is an internationally renowned speaker, a former chair of the ASCPA peer review committee, is a current Report Acceptance Body (RAB) member and has taught peer review courses for ASCPA and AICPA throughout the U.S. as well as in Lebanon.

BMSS has conducted peer reviews for single-office sole proprietors all the way to multi-office multiple-partner firms. Our firm has significant experience in the following areas which will allow us to peer review most types of engagements a firm will encounter, such as employee benefit plans, SOC reporting, government auditing standards, single audits, and numerous other specialized services and industries.