Telling & Associates, CPA PC
    Never underestimate the Value of a CPA!
Telling & Associates, CPA PC
Star Mill Building
5 Park St
Middlebury, VT 05753
Phone: (802) 388 3311
Fax: (802) 419 3739

    What is Peer Review?

    Peer Review is the review of the Accounting and Auditing Practices of one CPA firm by another CPA firm. The purpose of peer
    review is to assure that quality controls are being applied in conformity with American Institute of Certified Public Accountants
    (AICPA) Quality Control Standards.

    The following is involved in the peer review process when appraising a CPA firm's quality control policies and procedures:

  • Reviewing selected engagement working paper files and reports
  • Reviewing documentation indicating the firm's compliance with membership requirements.

    At the completion of the peer review, the reviewer discusses the findings with the reviewee and issues a report. Sanctions may be
    imposed on deficient CPA firms, including continuing professional education (CPE) training, censures and reprimands, fines and
    suspension from membership.

    Below is our most recent peer review assessment:
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