Attention all CPAs: peer review reporting update from the CBA.

• Position: News&trends

Mandatory peer review became effective Jan. 1, 2010, for all California-licensed firms, including sole proprietorships, performing specified accounting and auditing services. Those with license numbers ending in 01-33 are in the first group of licensees required to report peer review information to the California Board of Accountancy no later than July 11, 2011.

Though the requirement to undergo peer review applies only to firms, the CBA does not maintain a listing of CPAs operating as sole proprietorships. As such, all licensees are required to respond to a recently mailed notice from...