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Article: Peer Review: An Emerging Niche Market
- Article from:
- The CPA Journal
- Article date:
- July 1, 2008
- Author:
CopyrightCopyright New York State Society of Certified Public Accountants Jul 2008. Provided by ProQuest LLC. (Hide copyright information)
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The AICPA's Peer Review Program began more than 30 years ago as a voluntary program. It has since been incorporated as an AICPA membership requirement for individuals in public practice. Several of the AICPA's audit quality centers (such as the Governmental Audit Quality Center and Employee Benefit Plan Audit Quality Center) either require peer review for membership or require that member firms make their peer review reports readily available to the public. Peer review is now a licensing requirement for accounting firms in more than 40 states. Additional jurisdictions are either implementing enacted legislation or working toward mandatory peer review requirements.
State peer review ...