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Enhancing the quality of accounting, auditing, and attestation services performed by CPAs in public practice is crucial to our commitment to the profession and general public. We administer the peer review program for all CPA firms in Colorado and New Mexico which perform these services.

 
 
 

Colorado and New Mexico Fee Schedule

Effective January 1, 2021

Annual fees for firms that perform auditing, accounting and/or attest functions:

Sole Practitioners: $400
Firms with 2-5 Professionals: $500
Firms with 6-10 Professionals: $600
Firms with More Than 11 Professionals: $800
Firms with No A&A Practice: No fee

If you hold an active Colorado or New Mexico license and issue attest and/or compilation or review engagements, you are required to undergo a peer review at least once every three years. Upon renewal of an active certificate or registration, all certificate holders and registrants, except those exempt from Peer Review, must have undergone a Peer Review within the previous three years. For more information, please refer to the Colorado State Board of Accountancy rules.

For more information on the New Mexico State Board of Accountancy Peer Review rules, click here.


Changes to Peer Review Invoices Effective January 1, 2021

Consistent with other state CPA societies that administer the AICPA Peer Review Program, you will receive by email a single, all-inclusive annual billing which replaces the current model – the annual Administrative Fee billed each January and the separate Technical Review Fee billed when your peer review is conducted. Effective January 1, 2021, the annual billing will include the Administrative Fee and approximately one third of the Technical Review Fee that previously was billed in the year of the firm’s Peer Review.

One invoice. Once a year.

What does this mean for you?

  • You no longer will be billed separately for the Technical Review Fee in the year of your Peer Review.
  • You no longer will need to remember or track which services you have paid for or which invoice is which.
  • You should review your information in PRIMA and update it if needed before December 2020 so we invoice you correctly.

COCPA Annual Report On Oversight

Questions about Peer Review? Contact:

Jill Turner

Peer Review Coordinator
jill@cocpa.org
303-741-8605
 
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