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Article: Perceptions Of The Peer Review Program Of The Accounting Profession: Implications For Management [*].(Statistical Data Included)
- Article from:
- Journal of Managerial Issues
- Article date:
- December 22, 2000
- Author:
CopyrightCOPYRIGHT 2000 Pittsburg State University - Department of Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peer review program is one way to reassure the public and regulators that the accounting profession is serious about maintaining and enhancing the quality of audit services (Francis et al., 1990). In 1988, the membership of the American Institute of Certified Public Accountants (AICPA) made the periodic quality review of public accounting firms a mandated requirement. Firms that are members of the AICPA's Division for CPA Firms satisfy this requirement through peer review, a program which provides "an effective means of assuring the public that a firm has performed its accounting and audit engagements at a satisfactory level of professional achievement" (Public ...