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Article: Peer Review: Dealing with the Reality of Perceptions
- Article from:
- The CPA Journal
- Article date:
- September 1, 2005
- Author:
CopyrightCopyright New York State Society of Certified Public Accountants Sep 2005. Provided by ProQuest LLC. (Hide copyright information)
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At the NYSSCPA's annual leadership conference in mid-July, there was a lot of discussion about peer review, the process by which CPA firms review each other's work in order to ensure high standards. Peer review is basically educational-helping to correct firms' bad practices-rather than disciplinary-enforcing laws and regulations. The NYSSCPA's Quality Enhancement Policy Committee presented a recommendation for a progressive disciplinary approach to peer review.
People have vastly different perceptions about peer review's purpose, and its current image outside the profession is not positive. This was confirmed when our conference keynote speaker. New York State Assembly member Richard ...