An AC-DC converter with secondary side controller and synchronous rectifier (SR) architecture and method for operating the same are provided. Generally, the controller is implemented as an integrated circuit including a peak-detector module having a peak comparator with a first input coupled to a drain of the SR through a single SR sense (SR-SNS) pin to receive a sinusoidal input. A sample and hold (S/H) circuit with an input coupled to the SR-SNS pin samples the sinusoidal input and holds on an output of thereof a peak sampled voltage received on the input. A direct current (DC) offset voltage coupled between the output of the S/H circuit and the second input of the peak comparator subtracts an DC offset voltage from the peak sampled voltage to compensate for DC offset inaccuracies introduced by the S/H circuit and the peak comparator. Other embodiments are also disclosed.