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Firms can now Update Peer Review Enrollment Online

by MICPA | Mar 02, 2016   ()

The AICPA and all state societies are committed to enhancing audit quality. As you are aware, our profession has faced some ongoing challenges in this area. One of those challenges has been engagement population completeness in peer reviews. To address this issue, part of the AICPA's Enhancing Audit Quality 6-Point Plan is to validate firm and engagement completeness through peer review. To achieve that, they are collecting each firm's federal Employer Identification Number (EIN).

If you are a sole practitioner and do not have an EIN, please visit http://www.irs.gov to obtain one.

How to Update Enrollment Online
You can log into PRISM securely at this link or at any of the links found on the Peer Review Interest area at AICPA.org, using your AICPA.org/CPA2Biz username.

Once logged in, to update your firm enrollment information:

  1. Click the "My Firm" button at the top of the page.
  2. Click the "Enrollment Form" link in the Firm Links region.
  3. Press the "Update Enrollment" button next to the firm you wish to update in the Firm Information Region. If you are associated with more than one firm in the AICPA records, each firm with which you are associated as a Partner will be listed here.
  4. Update the firm enrollment form.
    1. Please be sure to provide your firm's EIN. If the EIN is already pre-populated, please confirm this is the correct EIN for your firm.
    2. Feel free to take this time to update any additional demographic (number of partners, CPAs, etc.) or practice information (types of engagements performed) at this time.
    3. Please note: If additional questions have been added since your firm's enrollment or last peer review, you may be asked to provide additional information about your firm.
  1. After providing your EIN and updating your firm enrollment information, be sure to select I Agree in the Acknowledgement of Requirements region.
  2. Press Submit to update your firm's enrollment record.

Please contact the AICPA Peer Review team at (919) 402-4502 if you have any questions or experience any difficulties in updating your firm information.

Please note that providing this information is a condition of cooperation with the AICPA Peer Review Program. Failure to provide the information could result in your firm being dropped from the program.

Source: MICPA
Source: MICPA

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