Peer review is a periodic independent qualified third party evaluation of a CPA firm’s accounting and auditing (A&A) practice. It was established by the AICPA as a membership requirement for member firms with an A&A practice. Firms enrolled in the AICPA practice monitoring program are required to have a peer review every three years.
The peer review is a critical process to ensure the CPA firm is in compliance with professional standards in multiple areas. Firms undergoing a peer review can receive a rating of pass, pass with deficiencies, or fail.
GS&Co. has obtained its peer review report for the year ended June 30, 2019 and received a rating of pass, the highest rating available within the peer review reporting process. Please follow the link below to view GS&Co.'s most recent peer review report and acceptance letter by the AICPA: