When does a firm have to report peer review information?
Firms will be phased into the reporting requirement over a three-year period. The following schedule will be used for the phase-in period: • Firms with a license number ending in 01-33 will need to submit peer review information no later than July 1, 2011. • Firms with a license number ending in 34-66 will need to submit peer review information no later than July 1, 2012. • Firms with a license number ending in 67-00 will need to submit peer review information no later than July 1, 2013. Firms will be required to report peer review information every three years thereafter. For licensees that operate as a sole proprietorship, the firm number will be the last two digits of the individual CPA license number.
