Peer review

TOPICS / AUDIT & ASSURANCE

May 1, 2000

SECPS to Strengthen Peer Review Process

The SEC practice section peer review process task force has issued a report containing recommendations to strengthen the peer review process to help it keep pace with changes in the accounting profession. Mike Conway, chairman of the SECPS executive committee, which approved the task force’s proposals after they were made

May 1, 2000

Independence Standards Course Offered on CD-ROM

The AICPA is introducing Independence, a CD-ROM CPE course that reviews the Institute’s authoritative literature on independence standards, including newly issued SECPS requirements; SEC independence regulations; and Independence Standards Board standards. The six-hour interactive course features testing and review modules, an extensive reference section, a glossary of key terms, links

May 1, 2000

New AICPA Credential Focuses on IT-Savvy CPAs

The AICPA is introducing the certified information technology professional (CITP) designation, which recognizes CPAs who can provide skilled advice on using IT to implement business strategy. The Institute will begin accepting applications for CITP certification July 1, 2000. At its fall meeting, the AICPA governing council approved the designation, which

January 1, 2000

International Associations

There are more than 130 associations of accounting firms, 30 of which are international. However, fewer than 1,000 U.S. firms belong to some kind of accounting association. David Albrecht, professor of accounting, Bowling Green State University, Bowling Green, Ohio. he world is our horizon! How can we—a midsize accounting firm

June 1, 1998

A Common Peer Review Problem

EXECUTIVE SUMMARY AICPA STANDARDS CLEARLY STATE procedures for confirmation of accounts receivable. Nevertheless, and despite an auditing procedure study, peer reviews continue to find that CPA firms have problems understanding the various processes. RECEIVABLE CONFIRMATIONS ARE NOT ALWAYS required if accounts receivable are immaterial, the use of confirmations would be

February 1, 1997

A Refresher Course in Peer Review

EXECUTIVE SUMMARY THE MORE THAT FIRMS know about peer review, the easier the process will be. COMMON MYTHS ABOUT THE PROCESS include that checklists are required, that firms must create elaborate quality control documents and that a firm has no say in the selection of the reviewer. And more than