Get Questions And Answers About The AICPA Peer Review Program

Peer review is designed to assess the validity, quality and often the originality of articles for publication. Its ultimate purpose is to maintain the integrity of science by filtering out invalid or poor quality articles.

The objective of a peer review is to determine whether an audit organization's quality control system is suitably designed and is in place and operating effectively. A peer review also provides assurance that an audit organization is following its established policies and procedures and applicable auditing standards.

A peer review is based on selective tests, directed to assess whether the design of and compliance with the firm's system provides the firm with reasonable, not absolute, assurance of performing and reporting in conformity with applicable professional standards in all material respects.

The objective of the enhanced oversight is to increase the probability that peer reviewers are identifying all material issues in must-select engagements, including whether engagements are properly identified as nonconforming.

Working in the Public Interest From financial literacy to public policy issues and peer review transparency to audit committee effectiveness, the AICPA is working to ensure that the public remains confident in the integrity, objectivity, competence and professionalism of CPAs.

Peer review is the independent assessment of your research paper by experts in your field. The purpose of peer review is to evaluate the paper's quality and suitability for publication.

Peer Review Training Obtain at least 40% of the AICPA required CPE in subjects relating to accounting, auditing, and quality control. Peer reviewers should obtain at least 8 hours in any 1 year and 48 hours every 3 years.

By enrolling, a firm agrees to have a peer review of its accounting and auditing practice once every three years subsequent to its initial peer review.