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Reviewer Oversight

NEPR On-site Oversights

NEPR is required to complete a minimum of two on-site oversights annually, performed by a member of our Committee. If a peer review is chosen that you will be the team captain on, you, and the firm, will be notified by letter via PRIMA. The Committee Member will visit the office during the peer review to perform prescribed oversight procedures and attend the exit conference at the conclusion of the review. Typical on-site oversight procedures include, but are not limited to:

  • Review of the peer review team’s planning documentation, including engagement selection process.
  • Review of peer review forms, checklists and working papers for completeness and consistency with conclusions reached.
  • Discussion with the team captain of the peer review team’s general approach and scope of the review, engagement related problems and overall findings and conclusions.
  • Attendance at the exit conference.
  • Review of the report and/or Finding for Further Consideration forms and the firm’s response thereto, if applicable.

It is important that the team captain cooperate with the Committee Member in determining a mutually acceptable commencement and exit conference date and in providing the Member with access to their workpapers throughout the process, including the report, MFCs, FFCs and the firm’s LOR as applicable.

NEPR Off-site Oversights

NEPR is also required to perform a minimum of two engagement reviews each year.

When an engagement-only oversight is requested, the reviewer and the firm are both contacted and the firm is instructed to send the full set of workpapers for the chosen engagement.