Peer Review

The AICPA Peer Review Board released an exposure draft proposing changes to the guidance for quality-control materials (QCM) and continuing professional education (CPE) program peer reviews embodied in the AICPA Standards for Performing and Reporting on Peer Reviews (Standards) and Interpretations to the Standards.


The principal revisions include:

  1. Addressing independence and objectivity concerns for those involved in the development and maintenance of QCM or CPE programs such that they are not permitted to serve on review teams to peer review firms that use those QCM or CPE programs (user firms).
  2. Removing the provision requiring certain providers to undergo a triennial peer review of the system to develop and maintain QCM or CPE programs, and the resultant materials.
  3. Creating a more effective and efficient process for performing CPE program peer reviews by revising those peer review procedures for providers that elect to undergo such a review.

In addition, the proposed revisions provide additional clarity on how the peer review team for a firm should consider and evaluate a QCM or CPE program peer review report when the firm undergoing peer review uses materials or programs covered by a report.


The ED contemplates that the revisions to the Standards (if approved) would be effective for peer reviews scheduled on or after Nov. 1, 2010, with the exception of the revisions to the procedures for performing CPE peer reviews, which would be effective immediately upon issuance of the revised Standards.


The comment period ends Aug. 31. The ED is available at


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