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 "Why
do I need this review?" If
you perform compilations and/or reviews (and no audits),
you most likely need an Engagement Review every
three years to satisfy state and/or AICPA licensing requirements.
A peer review is an economical way to obtain an objective
review of the quality of work you perform, with the goal
of providing recommendations for improvement. The valuable
result to your firm is risk reduction and peace of mind.
An Off-Site Peer Review can be much less expensive than
the traditional On-Site
review. If your firm qualifies, the Off-Site review makes
good business sense.
"Will
the review fit my budget?" It
depends largely on the size and scope of your firm's engagements.
The total number and type of engagements reviewed, level
of service and the complexity of the engagements will all
determine the Peer Review fee.
Typically,
to review two compilation engagements without disclosures
will result in a $1250 fee.
Our
estimates include time spent by the reviewer planning the
review, performing the review, communicating with the reviewed
firm and finalizing the report and the working papers on
the review. This fee also includes review and consultation
with respect to the firm's letter of response, if applicable.
Knapp
& Company, P.C. is committed to providing
your firm with timely and effective Peer Review services.
Contact us to learn
more, or request a no-obligation Fee
Estimate by clicking the link, left.
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