West Virginia firms who perform attest or compilations must be enrolled in a Peer Review program acceptable to the Board. Attest services are defined as:
- Any audit or other engagement to be performed in accordance with the statements on Auditing Standards (SAS)
- Any review of a financial statement to be performed in accordance with the statements on Standards for Accounting and Review Services (SSARS)
- Any examination of prospective financial information to be performed in accordance with applicable statements on Standards for Attestation Engagements (SSAE)
- Any engagement to be performed in accrdance with the Auditing Standards of the Public Company Accounting Oversight Board (PCAOB); or
- Any examination, review or agreed upon procedures engagement to be performed in accordance with the statements on Standards for Attestation Engagements (SSAE), other than an examination described in number 3 above.
The Board accepts the Peer Review Program offered by the AICPA and administered by the West Virginia Society of Certified Public Accountants or any other Peer Review Program the Board deems comparable in terms of quality, thoroughness and reliability to the AICPA Peer Review Program. To enroll in the Peer Review Program, West Virginia firms should contact the West Virginia Society of CPAs Peer Review Program
If an applicant intends to use a Peer Review Program other that the AICPA Peer Review Program, the applicant must submit detailed information concerning the Peer Review Program (including but not limited to the sponsor of the program, the standards used, the identity and qualifications fo the expected reviewers, and similar information) to the Board prior to contracting with the alternative peer review provider. The Board will promptly evaluate the proposed program and inform the applicant whether the program is acceptable.
