HSCPAPeerReviewProgram
EnrollmentForm
(forNON‐AICPAMembersOnly)
P.O. Box 1754
Honolulu, HI 96806 T: (808) 537‐9475 F: (808) 537‐3520 E: peerreview@hscpa.org HAWAIILAW– MANDATORYPEERREVIEW
AsaconditionoflicensureandinordertopracticepublicaccountancyinHawaii,everyfirm,includingtheHawaiiofficesandHawaii
engagementsofforeignormultistatefirms,thatisrequiredtoobtainafirmpermittopracticepursuanttosection466‐7shallundergoa
peerrevieweverythreeyears.
AllfirmssubjecttothispartandperformingHawaiiattestworkasofDecember31,2014,shallenrollintheapplicableprogramofan
approvedsponsoringorganizationbyDecember31,2015,notifytheHawaiiBoardofPublicAccountancyofenrollmentinthatprogram,
andhaveapeerreviewperformedbyDecember31,2017.
DONOTCOMPLETEthisformifyouoranyoneinyourfirmarememberoftheAICPAorafirmrequiredtobe
registeredwithandinspectedbythePublicCompaniesAccountingOversightBoard(PCAOB).
Firm Name and Address of the main office (including Sole Practitioners): Firm ___________________________________________________________ Firm Permit to Practice No. ____________________ Address ________________________________________________City/State/Zip_________________________________________
 Mr.  Ms. 1. Name of Managing Partner/Owner or equivalent: First Name____________________________ Middle Initial______ Last Name__________________________________ Telephone________________________ Fax________________________ E‐mail___________________________________ 2. Name of person to contact concerning peer review matters:  Same as Managing Partner First Name____________________________ Middle Initial______ Last Name__________________________________ Telephone________________________ Fax________________________ E‐mail___________________________________ 3. Total number of CPA and non‐CPA Partners: ______________ 4. Total number of CPA Partners: ______________ 5. Total number of CPAs including Partners: ______________ 6. Total number of Personneli, including Partners: ____________ 7. Does the firm perform any of the services listed below: (If yes, indicate the Year‐end Date and Report Date of the initial engagement on the lined provided) Total number of engagements performed or expected to be performed that would require your firm to have a System Review as described at “Peer Reviews: System Review vs. Engagement Review” – www.aicpa.org/prsystoreeng Year‐End of initial engagementii: ________________ (MM/DD/YYYY) Report Date of initial engagement: _______________ (MM/DD/YYYY)  None  1 to 5  6 to 9  10 or more ________________________ i
Personnel are defined per Statement on Quality Control Standards (SQCS) No. 7, A Firm’s System of Quality Control as all individuals who perform professional services for which the firm is responsible, whether or not they are CPAs (AICPA, Professional Standards, vol. 2, QC sec. 10). This would include all personnel including leased and per diem employees who devote at least 25% of their time in performing audits, reviews, compilations, or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements. ii Year End date of Initial Engagement: Please provide report date, instead of year end date for examinations of prospective financial statements under the SSAEs. 1
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8. Has the firm performed, or does the firm expect to perform the following? (If yes, indicate the report date of the initial engagement with associated year end on the lines provided. Types of Engagementsiii YES NO Year‐End Month/Year
Statements on Auditing Standards (SASs) Engagements Statements on Standards for Accounting and Review Services (SSARS)
Reviews of financial statements Compilations of financial statements with disclosures
Compilations of financial statements that omit substantially all disclosures
Preparation of financial statements with disclosures
Preparation of financial states that omit substantially all disclosures
Statements on Standards for Attestation Engagements (SSAEs)
Financial forecasts and projects Compilations of prospective financial statements
Agreed‐upon procedures and other engagements
Report Date Month/Year
Note: The firm’s (or individual’s) due date for its initial peer review is based on their practice, the year‐ends of their engagements, the report dates of their engagements, and the number and type of engagements to be encompassed in the review. If the firm expects to perform engagements but has not yet done so, please place N/A in the date field(s) provided above. The firm (or individual) MUST notify the HSCPA promptly if there are any changes in the types of service being rendered after submission of this form. 9. Is your firm required, or does it expect to be required, to be registered with and inspected by the Public Company Accounting Oversight Board (PCAOB) (excluding broker‐dealersiv)?  Yes  No 10.  My firm does not perform A&A workv. If I accept A&A engagements in the future, I will notify the HSCPA and enroll in the HSCPA Peer Review Program. Applicant’s Statement: To the best of our knowledge and belief, the information submitted herewith is true and correct. We understand that acceptance of this application will enroll our firm in the HSCPA Peer Review Program. We agree to be bound by the policies and procedures of the HSCPA Peer Review Program, including those which may restrict our right to resign from the Program once a peer review has commenced. In particular, we understand that resignations during the course of a peer review will not be allowed except as set forth in the Standards of the AICPA Peer Review Program Manual. We also understand that if all owners of the firm resign while a review is in process, the firm will not be dropped from the Program until the review is completed and will be reported to the Hawaii Board of Public Accountancy. ACKNOWLEDGEMENT OF REQUIREMENTS: Signature_______________________________________________________ Date________________________________________ Print Name______________________________________________________ Title________________________________________ 2
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____________________________________________________________________
i
Total number of personnel: Personnel are defined per Statement on Quality Control Standards (SQCS) No. 8, A Firm’s System of Quality Control as all individuals who perform professional services for which the firm is responsible, whether or not they are CPAs (AICPA, Professional Standards, vol. 2, QC sec. 10). This includes all personnel including leased and per diem employees who devote at least 25% of their time in performing audits, reviews, compilations or other attest engagements, or those professionals who have partner/manager level responsibility for the overall supervision or review of such engagements. ii
Year End date of Initial Engagement: Please provide report date, instead of year end date for examinations of prospective financial statements under the SSAEs. iii
Types of Engagements: The terms “compilation” and “review” as used herein refer to compilation and review engagements performed under SSARS. “Financial forecasts and projections” as used herein refers to compilation or agreed‐upon procedures engagements of prospective financial statements performed under the SSAEs, Financial Forecasts and Projections (AICPA, Professional Standards, AT sec.301). Examinations performed under those standards are included in question 9. iv
PCAOB Registration: Auditors of broker‐dealers are required to be registered with the PCAOB. In late 2010, the PCAOB announced a proposal for an interim broker‐dealer (BD) inspection program to determine what auditing standards are needed and what the scope should be for their permanent inspection program. If your firm is subject to PCAOB inspection only due to non‐SEC issuer broker‐dealers, answer question 10 “No.” This is because at this juncture, performing audits of non‐SEC issuer broker‐dealers is not a trigger for requiring a firm’s peer review to be administered by the NPRC. v
No A&A Firm Enrollment: If a firm no longer performs A&A services, it is not required to have a peer review. If the firm subsequently decides to start performing A&A services again, then the firm must re‐enroll in the Program. It is the firm’s responsibility to notify the HSCPA of this change in practice. 3
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