Annual Administrative Fees

In order to cover the costs of administering peer reviews outside of the AICPA’s programs, FICPA leadership has approved an annual fee structure for the administration of the peer review program.

A regular billing cycle begins July 1 and ends June 30 of the next year. The amount billed a firm is based on the number of professionals employed by the firm (professional is defined as a CPA or someone seeking the designation).

Base Charge: $160
Firm Size Charge:  
2 professionals $200
3 professionals $240
4 professionals $280
5 professionals $320
6 professionals $360
7 professionals $400
8 professionals $440
9 professionals $480
10 professionals $520
Over 10 professionals There is a $40 charge for each additional professional, up to a maximum of $940 for additional professionals
Cap (Maximum Due) $1,100
AICPA/FICPA Non-Member Surcharge $100
Annual AICPA PRIMA-user fee for enrolled firms in a non-AICPA program $65
Reinstatement Fee $500 and any unpaid administrative fees from the time of being dropped or terminated

*The term “professional” refers to all personnel who perform professional services for which the firm is responsible whether or not they are CPAs (SQCS No. 2, par. 3, footnote 4).
This reference includes leased and per diem staff who devote at least 25% of their time in performing audits, reviews, compilations, or other attest engagements,
or leased and per diem staff who have partner/manager level responsibility for the overall supervision or review of such engagements.


Reviewer Fees

Reviewer fees vary. Reviewer/review team selection may be accomplished in one of three ways. Reviewers (and review teams) for all review types may be established by the reviewed firm themselves. These types of arrangements are known as “Firm-on-Firm” reviews. System and Engagement Firm-on-Firm reviewer fees are negotiated between the firm and the reviewer. Firms belonging to associations may arrange for their AICPA-authorized association to establish their reviewer (and review team); these are known as “Association” arranged reviews and the rates are negotiated between the firm and the association.


Helpful Budget Guidelines

The budget for a system review and the number of reviewers selected for service on a system review team will vary based on the number of accounting and auditing hours of the reviewed firm and the nature of a firm’s practice. In determining your accounting and auditing hours, time for bookkeeping services, tax preparation and non-accounting services should be eliminated. For compilation engagements, especially engagements omitting disclosures, it is common for firms to estimate the actual time spent applying professional standards. On average, firm time ranges from one to five hours per engagement. By estimating, a firm can save a considerable amount of time evaluating its accounting and auditing hours.

The chart here lists the approximate time needed to complete a review based on the number of Accounting and Auditing hours a firm has.