Audit methodology · Last verified
Peer Review Program
The AICPA & CIMA Peer Review Program requires firms performing accounting or auditing work to undergo a peer review of their engagements or quality control. Verified facts stop there; the program's administering body, exact mandatory scope and review cycle are open questions pending primary-source confirmation.
- Class
- Audit methodology
- Owner
- AICPA
- Last verified
What it is
"Almost every firm that performs accounting or auditing work is required to undergo a peer review, which is a review of selected engagements to determine if they were compliant with professional standards, or, if applicable, an evaluation of the firm's system of quality control, which includes a review of selected accounting and auditing engagements."
Who owns it
The program's landing page is published by "the Association of International Certified Professional Accountants" (AICPA & CIMA), described on its own site as "founded by the American Institute of CPAs and The Chartered Institute of Management Accountants". A single sentence naming this body as the Peer Review Program's administering body was not found in the pages opened for this record.
Sources
Last verified:
This page is for information only; it does not accredit, certify or endorse any organisation. Requirements and programs change — always confirm against the primary source linked above.