State Requirements

Any firm that issues reports on accounting and auditing engagements, including audits, reviews, compilations, prospective financial information, engagements performed in accordance with the PCAOB, and any examination, review or agreed-upon procedures engagement performed in accordance with the statement on standards for attestation engagements must participate in a peer review program.

For more information: https://isba.idaho.gov/ISBAPortal/

Nebraska Public accounting firms that perform attest work, (compilations, reviews, audit, financial statements, Agreed-Upon Procedures, etc.), are subject to the peer review requirement. Per Title 288 Rules and Regulation Chapter 13 section 004.01.

For more information: https://www.nebraska.gov/rules-and-regs/regsearch/Rules/Board_of_Public_Accountancy/Title-288/Chapter-13.pdf#page=3

The Nevada State Board of Accountancy requires firms or individual licensees that perform audit, review, full disclosure compilation or other attestation services to engage in a practice monitoring program (Peer Review) to ensure that the firm or individual is maintaining the standards of the profession.

For more informaton: https://www.nvaccountancy.com/peerreview.fx

For more information: https://boards.bsd.dli.mt.gov/public-accountants/

A peer review is required for any Firm that performs one or more aspects of the attest and compilation services.   The purpose of the review is to monitor compliance with professional standards.  Failing to comply with peer review requirements is considered unprofessional conduct under Utah Code 58-26a-502.

For more information: https://dopl.utah.gov/cpa/

CPA firms who are required to be permitted in Wyoming or who have clients whose home office is in Wyoming and are operating under firm mobility, and whose accounting and auditing practice include one or more engagements performed under the AICPA’s Statements on Auditing Standards (SAS), Statements on Standards for Accounting and Review Services (SSARS), Statements on Standards for Attestation Engagements (SSAEs), or Government Auditing Standards issued by the United States Governmental Accountability Office, are subject to peer review under the requirements of a practice monitoring program. 

 A CPA firm is not required to enroll in a  Board-approved peer review program if its only level of service is performing preparation of financial statements under SSARs.  If the firm elects to enroll in a Board-approved peer review program, it is required to have a peer review that includes preparation of financial statements within the scope of the review.

For more information: https://cpaboard.wyo.gov/