Public accounting firms that perform accounting 和 审计 services generally must undergo a peer review once every three years.
This required practice monitoring allows firms 和 practitioners to maintain their professional licenses with the state board of accountancy 和 be a member in good st和ing of the American Institute of Certified Public Accountants, 他们应该选择这样做吗.
There are two types of peer review engagements: Systems Reviews 和 Engagement Reviews. 进一步,re are three ways to engage a peer reviewer: Firm-on-Firm Review; Association Review; 和 CART (Committee-Appointed Review Team) for engagement reviews only.
委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) can provide a firm-on-firm peer review team to perform both Systems Reviews 和 Engagements Reviews. We have been approved to conduct reviews for firms that perform:
A firm undergoing a peer review should consider the following when selecting a peer reviewer:
Does the peer reviewer have the experience to be approved to review your firm?
How many peer reviews does the firm perform?
What other possible practice management/value-added service can the reviewer provide?
老葡京手机app’s professionals look forward to working with firms 和 sharing our depth of knowledge. The best-case scenario for a firm under review is to receive a pass peer review report with no findings. 我们发现, 然而, that all firms can generally benefit from constructive guidance 和 discussion to help a firm update or improve its 审计 和 accounting processes.
在过去的几年里, AICPA has brought heightened oversight to its peer review program by closely monitoring peer reviewers to ensure the reviews they conduct are performed in accordance with the Peer Review St和ards. While some peer review firms have not withstood this close scrutiny, 老葡京手机app continues to shine as a sought–after peer reviewer. Our firm is a long-time member of the AICPA 员工福利计划审核 Quality Center, 审计质量中心 和 Governmental 审计 Quality Center.
While your firm may have relied on the same firm for years for delivery of an effective engagement or system review, in this environment of increased scrutiny, it is essential that you know your reviewer delivers high-quality service 和 has the experience 和 qualifications to do the best job possible.