PPP Services & Peer Review
May 26, 2021
A common question CPA firms are asking AICPA peer review staff is related to Paycheck Protection Program (PPP) loan forgiveness services and whether they are engagements subject to peer review. Firms may be asked to check calculations performed by their
clients for accuracy and issue a report on the findings. This may indicate an agreed-upon procedures engagement is needed or has been performed. If the firm is not otherwise subject to peer review, the performance of an agreed-upon procedures engagement
under the Statements on Standards for Attestation Engagements (SSAEs) would require the firm to undergo an engagement review.
Resources for CPA firms regarding PPP loan forgiveness services:
- To assist firms in understanding the types of services they may be asked to perform, PPP loan forgiveness services matrix
- For additional information related to the program, SBA Paycheck Protection Program (PPP) resources for CPAs site or
- For additional questions related to peer review, the peer review hotline at 919.402.4502 or firstname.lastname@example.org.
If you have any questions related to PPP loan forgiveness services and their impact to peer review, please contact technical support at email@example.com or calling 919.402.4502, option 3.