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AICPA Peer Review Board Extends Due Dates

Thursday, May 14, 2020   (0 Comments)
Posted by: Amy Spencer
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On May 7, 2020, the AICPA Peer Review Board approved an automatic 6-month extension for all firms with reviews, corrective actions, and implementation plans originally due January 1 – September 30, 2020.This automatic extension will be viewable in PRIMA by May 22, 2020.Communication regarding this plan will be coming from the AICPA, however as your Administering Entity (AE), we wanted to provide some additional clarification.

  • There is no requirement to use the automatic extension and we encourage all firms to have their review done by the original due date.The AICPA is allowing off-site system reviews where appropriate without the approval of the AE for the foreseeable future.

  • If you have not scheduled your upcoming review, please do so immediately as there is a possibility of a reviewer shortage due to the compressed workload the extensions may cause.

  • The Peer Review Information (PRI) will be issued to all firms based on the original due date.Please complete ASAP to keep the process moving forward.

  • We encourage firms to complete their corrective action (COA) and implementation plans (IMP) by the original due date.Several COA and IMP items such as CPE, proof of practice aide purchase, license information, etc. can be done without the need of engagement completion or contact with other professionals.Completing the COA and IMP plans will allow for the peer review process to continue, up to final acceptance.

Examples of Automatic Extension

Example 1:

Firm with Upcoming Peer Review

Original due date: 5/31/20

New Extended due date: 11/30/20


Example 2:

Firm with Previous Approved Review Due Date Extension

Original due date: 3/31/20

Extended due date: 5/31/20

New Extended due date: 9/30/20*

(*six months from original due date)


Example 3:

Firm with Previous Approved Extension from 2019

Original due date: 11/30/19

Extended due date: 2/29/20

New Extended due date: 2/29/20*

(*no change as firm’s original due date was from 2019)


Example 4:

Firm with Upcoming COA / IMP

Original due date: 5/31/20

New Extended due date: 11/30/20


Example 5:

COA or IMP with Previous Approved Extension

Original due date: 2/29/20

Extended due date: 4/30/20

New Extended due date: 8/30/20*

(*six months from original due date)


Example 6:

Complete COA or IMP as directed by a RAB 6/1/20 and Later

Original due date: 9/30/20

Extended due date: To be determined*

(*A due date given by a RAB after the

due date extension granted by the Peer Review Board will be at the discretion of the RAB. There will not be automatic extensions granted for RAB decisions after 6/1/20.)



For more information, contact Kary Arnold, Finance & Peer Review Program Manager, at or by calling (775) 223-5720.

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