PRIMA Training for Enrolled Firms and Peer Reviewers

Tracy Peterson, CPAManager – Peer Review Program

Housekeeping Notes • Audio

– Ensure that your computer speakers are turned on and that the volume is appropriately set.

• Screen display– To increase the slide display, click the green circle icon on the

Slides header.– To set the slide display to full screen, click the black arrow icon

on the Slides header.• If the slides stop advancing during the presentation:

– Close out of the presentation and re-launch the webcast• We encourage you to submit your questions at any time through the

Q&A box on the left side of your screen.• Panelists will attempt to answer as many questions as possible. We

will also pause briefly between sections to answer questions.

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Agenda• PRIMA Overview• PRIMA

– General Navigation– Peer Review Information (PRI) Process– Scheduling (SCH) Process– Review (RVW) Process– Corrective Actions (COA) Process– Resume Updates

• Questions

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PRIMA Overview

Most Significant Changes from PRISM for Firms and Peer Reviewers

• Firms and Peer Reviewers will receive email notifications to log into PRIMA to view/perform work, letters, etc.

• Firms (Peer Review Contact) complete peer review information requests (PRI) and scheduling information (SCH) online

• Firms undergoing an engagement review, will complete their Engagement Summary Form online (or submit to Review Captain to complete)

• For firms undergoing a system review, their Team Captain will enter the population of engagements online (or submit to firm to complete)

• Findings for Further Consideration (FFCs) are completed electronically like Matters for Further Consideration (MFCs)

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Most Significant Changes from PRISM for Firms and Peer Reviewers (Continued)

• A recommended report rating will generate for engagement reviews based upon the number of non-conforming engagements

• Letters to acknowledge corrective actions and implementation plans are “signed” electronically via clicking “Acknowledge” in PRIMA

• Support for corrective actions and implementations plans is sent electronically in PRIMA• Requests for extensions, yearend changes, enrollment in the AICPA Peer Review Program,

and resignations are completed in PRIMA

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Peer Review Process Overview

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Corrective Actions (COA) /Implementation Plans (IMP)Firm Tech Reviewer Admin

Committee (COM)Admin Firm Tech Reviewer

Review (RVW)Firm Peer Review Team Tech Reviewer Admin

Scheduling (SCHD)Firm Captain Admin

Peer Review Information (PRI)Firm Admin

PRIMA – General Navigation

Peer Review Contact (Firm) PRIMA User

Will show all cases/tasks assigned to

user

Will show information only notifications

Shows all letters that have been sent to the user within the last 30 days

Firm Self Service Functionality

Shows open and closed reviews for reviewers

Update Resume/SOC Specialist App and View Reviewer Feedback

Access to Knowledge Database

Access to Knowledge Database

Shows 5 most recent opened cases

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Peer Reviewer PRIMA User

Will show all cases/tasks assigned to

user

Will show information only notifications

Shows all letters that have been sent to the user within the last 30 days

Firm Self Service Functionality

Shows open and closed reviews for reviewers

Update Resume/SOC Specialist App and View Reviewer Feedback

Access to Knowledge Database

Shows 5 most recent opened cases

Will show review cases ready for peer review 10

PRIMA – Peer Review Information (PRI) Process

Peer Review Information (PRI)

PRI Trigger Points -- 5/1 of each year of No A&A firm (8/1 this year)-- 210 days before due date for A&A Firm

PRI1 sent to Peer Review Contact (PRC)

Enter information & submit to Administering Entity

Approve or Request Revisions

PRC receives SCHED1

PRC PRC Administrator

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Peer Review Information (PRI) – Home Screen

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Peer Review Information (PRI) - Notifications

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Peer Review Information (PRI) – My Work

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Peer Review Information (PRI) - Introduction

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Peer Review Information (PRI) – Firm Information

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Peer Review Information (PRI) – Firm Information

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Peer Review Information (PRI) – Firm Information

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Industries & Practice Areas

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Peer Review Information (PRI) – Summary

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Peer Review Information (PRI) – Acknowledgement

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Peer Review Information (PRI) - Submission

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PRIMA – Scheduling (SCH) Process

Scheduling (SCH)

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Enter Review Dates, Team Type and Team/Review Captain (TC/RC)

Agree to Perform Review & Select Team Members

Accept review team & acknowledge

Scheduling Checks

Approve the review & review team

TC/RC and PRC receive TC_NC_OK

PRC TC/RC PRC

PRC can replace reviewer, send errors to reviewer or Administrator

Administrator

Trigger Point – As soon as PRI case is approved for A&A Firms

Scheduling (SCH) – Home Screen

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Scheduling (SCH) – My Notifications

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Scheduling (SCH) – My Work

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Scheduling (SCH) - Introduction

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Scheduling (SCH) – Review Information

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Scheduling (SCH) – Sharing Peer Review Info

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Scheduling (SCH) – Sharing Peer Review Info

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Scheduling (SCH) – Team Type

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Scheduling (SCH) – Select Captain

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Scheduling (SCH) - Submission

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Scheduling (SCH) – Home Screen

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Scheduling (SCH) – My Work

Scheduling (SCH) - Independence

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Scheduling (SCH) – Add Team Members

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Scheduling (SCH) – Add Team Members

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Scheduling (SCH) – Acknowledgement

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Scheduling (SCH) - Submission

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Scheduling (SCH) – Home Screen

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Scheduling (SCH) – My Work

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Scheduling (SCH) – Independence Attestation

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Scheduling (SCH) - Information

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Scheduling (SCH) - Acknowledgement

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Scheduling (SCH) - Submission

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Scheduling (SCH) - Approved

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Scheduling (SCH) - Approved

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PRIMA – Review (RVW) Process

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Review (RVW) – Reviewer Portion

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Engagement Review

Reviewer workspace completed & submitted to firm

Workspace:Confirm Review DatesEnter Engagement StatsEnter Non Conforming StatsCreate MFC/FFCUpload DocumentsRecommend Report Grade

Submit Engagement Summary

Assign TR or request revisions

System Review

PRC

Review Team

Sign MFC/FFC

PRC

Submit review to Administrator

AdministratorTC/RC

Review (RVW) Process – My Work

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Review (RVW) Process – Engagement Review

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Review (RVW) Process – Engagement Review – Review Summary

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Review (RVW) Process – Eng Review – Review Summary

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Review (RVW) Process – Submission

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Review (RVW) Process – Home Screen

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Review (RVW) Process – My Team Reviews

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Review (RVW) – Eng Review – Review Dates

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Review (RVW) – Eng Review – Review Summary

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Review (RVW) – Eng Review – Review Summary

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Review (RVW) – Eng Review – Matters

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Review (RVW) – Eng Review – Matters

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Review (RVW) – MFCs

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Review (RVW) – MFCs

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Review (RVW) – MFCs

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Review (RVW) – Matters

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Review (RVW) – MFCs

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Review (RVW) – Eng Review – Matters

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Review (RVW) – Eng Review – DMFC

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Review (RVW) – Eng Review – Matters

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Review (RVW) – FFCs

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Review (RVW) – Eng Review – Submit to Firm

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Review (RVW) – Submit to Firm

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Review (RVW) – Firm’s Response – Home Screen

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Review (RVW) – Firm’s Response – My Work

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Review (RVW) – Eng Review - Firm’s Response – Review Summary

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Review (RVW) – Firm’s Response - Matters

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Review (RVW) – Firm’s Response - MFCs

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Review (RVW) – Firm’s Response - MFCs

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Review (RVW) – Firm’s Response - Matters

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Review (RVW) – Firm’s Response - FFCs

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Review (RVW) – Firm’s Response - FFCs

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Review (RVW) – Firm’s Response - Matters

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Review (RVW) – Firm’s Response - Submission

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Review (RVW) – Home Screen

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Review (RVW) – Eng Review - Matters

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Review (RVW) – Eng Review - Document Upload

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Review (RVW) – Eng Review - Document Upload

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Review (RVW) – Eng Review - Recommended Report Rating

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Review (RVW) – Eng Review - Error Message

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Review (RVW) – Eng Review - Document Upload

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Review (RVW) – Submission

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Review (RVW) – System Review – Review Summary

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Review (RVW) – System Review – Non-Conforming Summary

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Review (RVW) – System Review – Non-Conforming Summary

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Review (RVW) – System Review – Document Upload

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Review Process Miscellaneous Items• The AE may request revisions from the Team/Review Captain and send the review case back• The Technical Reviewer may request revisions from the Team/Review Captain and send the

review case back• The Technical Reviewer may email questions to the Team/Review Captain without sending the

review case back• Overdue process starts 14 days from the due date and may be inside or outside of PRIMA at

go-live• Reviews delayed accepted subject to – return to Team/Review Captain for revisions• Reviews deferred – return to Team/Review Captain for revisions

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Review (RVW) – Corrective Actions and Acceptance Letter

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Review (RVW) – Acceptance Letter

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Review (RVW) – Acceptance Letter

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Review (RVW) – Acceptance Letter

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Review (RVW) – Corrective Action Acknowledgement

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Review (RVW) – Corrective Action Acknowledgement

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Review (RVW) – Corrective Action Acknowledgement

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Review (RVW) – Corrective Actions – My Work

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Review (RVW) – Corrective Actions -- COA

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Review (RVW) – Corrective Actions -- COA

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Review (RVW) – Corrective Actions – Submission

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Reviewer Resume Updates

Reviewer Profile

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Reviewer Resume Updates - Instructions

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Reviewer Resume Updates – Contact Info

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Reviewer Resume Updates – Qualifications & Courses

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Reviewer Resume Updates – Qualifications & Courses

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Reviewer Resume Updates – Qualifications & Courses

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Practice Areas & Industry Codes

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Reviewer Resume Updates – Specialist

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Reviewer Resume Updates – Summary

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Reviewer Resume Updates – Acknowledgement

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Reviewer Resume Updates – Submission

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Resources and Links• Getting Started in PRIMA Document

(http://www.aicpa.org/InterestAreas/PeerReview/DownloadableDocuments/GetStartPRIMA.pdf)• Trainings and Resources on PRIMA (aicpa.org/PRIMA)• Access PRIMA via https://prima.aicpa.org• Knowledge Base – sign into PRIMA and click Help in the upper right-hand corner• System notifications from prima@aicpa.org• Send feedback or suggestions to primafeedback@aicpa.org

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Questions?

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