Sample peer review press release

We suggest you follow the format of the sample release. It's important to include "FOR IMMEDIATE RELEASE" and the name and phone number of the person to contact for more information or for an interview. The headline should mention your firm by name and that it has successfully completed a peer review. Be sure to double space the news release to facilitate editing.

While the text can be changed to fit particular circumstances, the general information is probably pretty close to the sample's. If you decide to edit the release, we encourage you to provide a general description of procedures performed on on-site peer reviews rather than the exact scope of your review, the particular working papers prepared or specific types of engagements selected.

Send the release to newspapers circulating in the areas in which your firm maintains offices or has clients. For daily papers, address the release to the business editor. For weeklies or semi-weeklies, address it to the editor.

Sample news release for on-site peer reviews

Below is a sample news release which may be used to announce the results of your on-site peer review in local newspapers. If this press release or the sample letter to clients is used, you should make the report available to those who request it.

***************************
(FIRM LETTERHEAD)

FOR IMMEDIATE RELEASE
CONTACT:_________________
(123) 456-7890

(CPA FIRM NAME) HAS SUCCESSFUL REVIEW BY PEERS

_________________ announced today that it successfully completed a rigorous peer review of its accounting and auditing practice. The reviewer(s) concluded the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs.

_________________ participates in the AICPA Peer Review Program, one of the AICPA-approved practice-monitoring programs. A firm participating in any of these programs must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Maryland Association of CPAs following standards issued by the AICPA.

Peer reviews are performed by licensed CPAs who are selected from among the members of the AICPA. These reviews determine whether a public accounting firm has suitable quality control policies and procedures and is complying with them.

_____________________ serves (identify types of clients, such as businesses, individuals, and nonprofit organizations) throughout the ____________________area. The firm provides a full range of (audit, accounting, tax, consulting) services and specializes in ________________.

The AICPA is the national professional organization of CPAs with more than 300,000 members in public practice, industry, government and education. AICPA members are committed to the highest standards of quality, independence and ethics in their practice. In its continuing efforts to serve the public interest, the organization sets audit standards, upholds the profession's code of conduct, provides continuing professional education, administers peer review programs, and prepares and grades the Uniform CPA Examination.


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