1. STAGE - I PLANNING START
A PRACTICE UNIT (PU) WILL BE NOTIFIED ABOUT PEER REVIEW BY THE PEER REVIEW BOARD(BOARD)
PU WILL BE SENT A QUESTIONNAIRE FOR COMPLETION ALONGWITH THE PANEL OF ATLEAST THREE REVIEWERS
DOES PU REQUIRE A REVIEWER FROM ANOTHER
STATE/REGION
MAKE SPECIAL REQUEST TO BOARD TO PROVIDE NAMES OF REVIEWERS FROM ANOTHER STATE /REGION.
YES NO
PU INFORMS THE NAME OF REVIEWER TO BOARD (WITHIN 15 DAYS)
A COMPLETED QUESTIONNAIRE ENCLOSING A COMPLETE LIST OF ATTESTATION SERVICES’ CLIENTS SENT TO SELECTED REVIEWER WITHIN 1 MONTH
PU TO PROVIDE ANY OTHER INFORMATION WHICH THE REVIEWER MAY SEEK
AN INITIAL SAMPLE IS SELECTED BY THE REVIEWER, REPRESENTATIVE OF PU’S CLIENT PORTFOLIO
PU WILL BE NOTIFIED OF THE SELECTION OF INITIAL SAMPLE TWO WEEKS IN ADVANCE OF COMMENCEMENT OF REVIEW
STAGE – II EXECUTION BEGINS

2. A A A STAGE - II EXECUTION START STAGE III – REPORTING
FIXATION OF DATE OF INITIAL MEETING
INITIAL MEETING BETWEEN PU AND REVIEWER
COMPLIANCE REVIEW OF GENERAL CONTROLS (FIVE KEY CONTROLS- INDEPENDENCE, MAINTENANCE OF PROFESSIONAL SKILLS & STANDARDS, OUTSIDE CONSULTATION, STAFF SUPERVISION & DEVELOPMENT AND OFFICE ADMINISTRATION)
FINAL SELECTION OF ATTESTATION SERVICES ENGAGEMENTS & CLIENT FILES ON RANDOM SELECTION BASIS TO BE REVIEWED
REVIEW OF RECORDS
WHICH APROACH TO ADOPT?
COMPLIANCE APPROACH
SUBSTANTIVE APPROACH A
PROPER CONTROL PROCEDURES EXIST? NO A
DETERMINE NATURE, TIMING AND EXTENT OF SUBSTANTIVE PROCEDURES – MORE EXTENSIVE
YES
CONSIDER EFFECTIVENESS AND EFFICACY OF CONTROL PROCEDURES
INTEND TO RELY ON CONTROL PROCEDURES NO A
YES
PERFORM SUBSTANTIVE PROCEDURES – LESS EXTENSIVE
PERFORM SUBSTANTIVE PROCEDURES – MORE EXTENSIVE
STAGE III – REPORTING

3. “PEER-REVIEW CERTIFICATE”
STAGE III REPORTING
START
IS REVIEWER
SATISFIED WITH
SYSTEMS AND
PROCEUDRES OF PU
YES
SUBMIT FINAL REPORT TO BOARD C NO
REVIEWER SENDS A PRELIMINARY REPORT TO PU. THE PU SUBMITS ITS REPRESENTATION ON DEFICIENCIES/NON-COMPLIANCE, IF ANY, TO REVIEWER WITHIN 21 DAYS OF RECEIPT OF PRELIMINARY REPORT
IS REVIEWER
SATISFIED WITH
REPRESENTATION
YES
SUBMIT FINAL REPORT TO BOARD C NO
SUBMIT INTERIM REPORT TO BOARD IS
THERE ANY
WEAKNESS
REGARDING APPLICATION OF
TECHNICAL
STANDARDS
YES
BOARD GIVES RECOMMENDATION TO PU AND GIVES INSTRUCTIONS FOR A FURTHER REVIEW AFTER SIX MONTHS NO
BOARD GIVES RECOMMENDATION TO PU FOR IMPROVEMENT IN INTERNAL QUALITY CONTROLS AND FOLLOW UP IS DONE AFTER 12 MONTHS TO ENQUIRE ABOUT IMPLEMENTATION
IS REVIEWER
SATISFIED BY
FURTHER
REVIEW
SUBMIT FINAL
REPORT
TO BOARD
YES C
IS THE
BOARD
SATISFIED NO
YES
SUBMIT FINAL REPORT INCORPORATING REASONS FOR DIS-SATIS FACTION NO
BOARD SHALL CONSIDER THE REVIEWER’S FINAL REPORT & PU’S SUBMISSIONS
FOLLOW UP REVIEW DONE AND REPORT SUBMITTED BY REVIEWER B
IS THE BOARD
SATISFIED
BOARD SHALL ISSUE RECOMMENDATION TO PU & INSTRUCT THE REVIEWER TO FOLLOW UP ACTION
YES NO B
IS THE
BOARD
SATISFIED C
YES C
BOARD WILL ISSUE
“PEER-REVIEW CERTIFICATE” NO
NO CERTIFICATE WILL BE ISSUED
PEER REVIEW ENDS