National PRC Administration Requirement Update Announced

The American Institute of Certified Public Accountants (AICPA) recently announced an update to Peer Review Committee (PRC) administration requirements that will take effect for system reviews scheduled on or after February 28, 2026.

Under the new requirement, any firm that is closely aligned with a non-CPA entity—commonly referred to as an alternative practice structure (APS)—must have its peer review administered by the National PRC.

According to the AICPA, this change is intended to be a temporary measure. The requirement will be evaluated at least annually, and the AICPA has indicated its expectation that the requirement will remain in effect for no more than one year.

Firms that may be impacted by this update should plan accordingly as they prepare for upcoming peer reviews. 

We are closely monitoring developments and will share additional guidance as possible. In the interim, below is a list of Fequently Asked Questions based on the information that has been shared with the OSCPA to date.