Peer Review Update 


    This communication is a combination of either Peer Review Alerts, Reviewer Focuses or an update on Peer Review matters.
         
    Issue Date   Topics
         
    August Peer Review Update 14-04 Peer Review Alert
    • Peer Review Exposure Draft on new SSARS Services
    • Revision to Peer Review Guidance for Engagement Reviews
         
      August Reviewer Focus
    • Replacement Review Considerations When Peer Review Documents are Recalled (Impact to reviewer independence, consideration of prior FFCs and deficiencies, identification of repeats, consecutive pass with deficiencies or fail reports)
    • Instructions to search the Department of Labor's EFAST2 website
    • Tool Available to Assist Reviewers in Complying with Enhanced Guidance on Quality Control Materials (QCM) Used by a Reviewed Firm
    • AICPA Releases Enhancing Audit Quality (EAQ) Discussion Paper
         
    June Peer Review Update 14-03 Peer Review Alert
    • Revisions to Recall Guidance
         
      June Reviewer Focus
    • Replacement Review Considerations When a Peer Review Documents are Recalled (Impact to reviewer independence, engagements performed uner Government Auditing Standards and the firm's system of quality control)
    • Save the Date - Upcoming Webcasts and Conferences
         
    May Peer Review Update 14-02 Peer Review Alert
    • Exposure Draft: Engagement Reviews - Pass with Deficiencies vs. Fail
    • Enhancing Audit Quality - Emerging Industries and Risk Areas
    • Revisioning the Oversight Process
         
      May Reviewer Focus
    • Enhancing Quality - What Can You Be Doing Now?
    • Firm Representations
    • Updates to SEC and CFTC Regulations and Related Audit and Attestation Reports of Brokers and Dealers and Futures Commission Merchants, Including Those That Are Dually-Registered
    • Examples of Peer Review Matters
    • Online MFC Updates
    • Save The Dates - Upcoming Webcast and Conference
         
    February Peer Review Update 14-01 Peer Review Alert
    • Coordination of Peer Review & PCAOB Inspection
    • Noncooperation Revisions - Completeness of Peer Review Scope
         
      February Reviewer Focus
    • Common Matters Identified During Peer Review
    • SRM Statistics When Audits are Incomplete
    • Save the Date - 2014 Peer Review Conference
     
    October Peer Review Update 13-04 Peer Review Alert
    • Enhanced Guidance on Understanding the Adequacy of Quality Control Material (QCM) Used by a Reviewed Firm
    • Clarifying Changes to Quality Control Policies & Procedures Documentation
    • Enhanced Guidance on Quality Control Material (QCM) Review Reports and Performing QCM Reviews
         
      October Reviewer Focus
    • Updated Peer Review Checklists
    • Online MFC Updates
    • 2013 Annual Report on Oversight
    • Save the Dates - Upcoming Rebroadcasts of Webcasts
         
    August Peer Review Update 13-03 Peer Review Alert
    • Firm Responsibilities and Reviewer and RAB Responses Related to Non-Conforming Engagements
    • Joining an Audit Quality Center as Corrective Action
     
      August Reviewer Focus
    • Auditors of Broker-Dealers
    • 2011 Yellow Book Independence Resources and Related Peer Review Guidance
    • Impact of Nonconforming Engagements on Peer Review Reports
    • Group Audits
    • Employee Stock Ownership Plans
    • Online MFC Tips & Tricks
         
    July Peer Review Update
    • Online MFC and DFMC forms - How to tell if the reviewed firm is an AICPA Member firm



    May Peer Review Update
    (Including 13-02 Peer Review Alert and May Reviewer Focus)
    13-02 Peer Review Alert
    • Evaluating Compliance with the 2011 Yellow Book Independence Requirement Related to Nonaudit Services
    • Engagement Reviews - Areas of Common Noncompliance with Applicable Professional Standards
    • Reviewer Performance Revisions

    May Reviewer Focus
    • Reminder on Clarity Article from 13-01 Peer Review Alert
    • Changes in Peer Review Education Requirements

    February Peer Review Update
    (Including 13-01 Peer Review Alert and February Reviewer Focus)
    13-01 Peer Review Alert
    • Matter for Further Consideration (MFC) Forms Guidance
    • Considering the Results of Regulatory and/or Governmental Oversights
    • Clarified Auditing Standards
    • Revisions to Natural Disaster & Other Catastrophic Events Guidance
       
     
    February Reviewer Focus
    • Guidance for 2011 Yellow Book
    • Professional Skepticism on All Audits
    • Peer Review Program Manual Update
    • Save the Dates - Upcoming Web Events and Conference
     
    November Peer Review Update
    • Changes to the Electronic MFC Process

    October Peer Review Update
    (Including 12-04 Peer Review Alert and October Reviewer Focus)
    12-04 Peer Review Alert
    • Non-Conforming A-133 Engagements
    • Approval of Revisions Proposed in Peer Review Exposure Draft
    • SOC Engagements

    October Reviewer Focus
    • Revisions to PRP 20,700 - Employee Benefit Plan Audit Engagement Checklist
    • Reminder - Register for the Clarity Webinar
    • Clarification of the Review of Compliance Audits during Peer Review
    • Reviewer Experience Regarding Single Audit Engagements
    • Peer Reviewer Considerations of Low-Risk Auditee Status

    August Peer Review Update
    (Including 12-03 Peer Review alert and August Reviewer Focus)
    12-03 Peer Review Alert
    • Recall of Peer Review Documents
    • Changes to the System Peer Review Report and Standards Appendix A

    August Reviewer Focus
    • Register for the Clarity Webinar
    • Reviewer Resume Website Changes

    May Peer Review Update
    (Including 12-01 Peer Review Alert and May Reviewer Focus)
    12-01 Peer Review Alert
    • Removal of Interpretation 33-2 (Team Captain Rotation)
    • Revision to Section 6200 Appendix E, Areas of Common Noncompliance with Applicable Professional Standards
    • Revisions to MFC and DMFC Forms

    May Reviewer Focus
    • Peer Review Checklists
    • Ideas for 2012 National Peer Review Conference Topics
    • Call for Volunteers

    Peer Review Update
    • Information on Electronic MFC and DMFC Forms
         
     
     Archived Peer Review Updates
         



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