Peer Review FeesThe Georgia Society of CPAs administers peer reviews for its member firms enrolled in one of the following practice-monitoring programs:
AICPA Peer Review Program (including PCPS members and non-AICPA members)
Peer Review Program Fees pay the administration costs and are charged annually to all firms enrolled in the above practice-monitoring programs. The program fees cover the fiscal year of June 1 through May 31 and are generally billed in June. Program fees are based upon your firm's category at the time of payment and whether audits are performed.
Effective June 1, 2019, our rates will change from a tiered structure to a per professional fee as laid out below. For billing purposes, GSCPA will be using your firm Peer Review Information (PRI) completed within PRIMA to determine the number of professionals you will be billed for. This administrative fee will continue to be due annually. Examples of the new fee are demonstrated below.
In the year of your peer review, if you have engagements in a must-select category, you will be charged a must-select fee. This must-select fee will only be charged to your firm in the year your peer review is due (i.e., if your peer review is due January 31, 2020, you will be charged this fee in June 2019, which is the beginning of the 2019-2020 peer review year). For information about what industries are considered to be must-select, please consult the Peer Review Program Standards.
|FIRM CATEGORY||W/O AUDITS||WITH AUDITS|
|Firm fee plus one professional||$200||$250|
|Per professional after 1||$35 per professional||$50 per professional|
|Per must-select category||N/A||$100|
Re-enrollment after dropped for noncompliance
Rate for the current year times number of years not enrolled after non-compliance
*The term “professional” refers to all personnel including leased and per diem employees who devote at least 25 percent of their time in performing audits, reviews, compilations, or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements.
|Firm Type and Number of Professionals||2018-2019 Fee||2019-2020 Fee|
|Peer Review w/o Audits - 4 Professionals||$225 per year||$280 per year|
|Peer Review w/ Audits- 3 Professionals||$300 per year||$350 per year|
|Peer Review w/o Audits - 10 Professionals||$325 per year||$490 per yea|
|Peer Review w/ Audits and 1 must-select - 6 professionals||$300 per year||$400 per year and $100 in the year your peer review is due|