Peer review plays a crucial role in the profession's comprehensive framework for safeguarding the public. This framework also encompasses ethical and professional standards, the CPA state licensing system, and the oversight and enforcement efforts of state and federal regulators.
Peer reviews are conducted under the Clarified AICPA Standards for Performing and Reporting on Peer Reviews, which are established by the AICPA Peer Review Board. The purpose of these standards is to improve the profession's effectiveness and ensure the delivery of high-quality services that uphold the public's trust.
If you lead an accounting and auditing practice, your firm already has resources that can be scaled to develop a peer review practice, increasing your overall value and solutions provided. Is peer review a great fit for you and your firm?
Read the article available now in the January/February issue of CPA Voice.
Don’t miss this convenient, self-study CPE – Now free!
Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even when your internet is on the fritz – you can gain CPE credit with each issue.
Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.
Best of all, you can take the exam when and where it’s convenient for you. Exams are available online – and may be completed for CPE – through the same month of the following year.