West Virginia firms who perform attest or compilations must be enrolled in a Peer Review program acceptable to the Board. Attest services are defined as:
The Board accepts the Peer Review Program offered by the AICPA and administered by the West Virginia Society of Certified Public Accountants or any other Peer Review Program the Board deems comparable in terms of quality, thoroughness and reliability to the AICPA Peer Review Program. To enroll in the Peer Review Program, West Virginia firms should contact the West Virginia Society of CPAs Peer Review Program
If an applicant intends to use a Peer Review Program other that the AICPA Peer Review Program, the applicant must submit detailed information concerning the Peer Review Program (including but not limited to the sponsor of the program, the standards used, the identity and qualifications fo the expected reviewers, and similar information) to the Board prior to contracting with the alternative peer review provider. The Board will promptly evaluate the proposed program and inform the applicant whether the program is acceptable.
With the passage of HB 118 on June 17, 2019, the Board promulgated Rules to regulate consideration of prior criminal convictions in initial licensure determinations.
On Tuesday, September 4, 2018, Governor Jim Justice appointed two new members to the West Virginia Board of Accountancy.
The West Virginia Board of Accountancy has acquired a video to address the consequences for a firm or individual practitioner when they perform attest services if they do not meet regulatory requirements.