The AICPA generally updates Peer Review Checklists annually. (Note: The checklists below are for engagements ending on or after December 15, 2012. To access the full set of peer review checklists for 2013, click here.) Your firm should consider using the most up-to-date and relevant checklists as part of your firm's Inspection and Quality Control Programs. Taking this step may help you improve the quality of your governmental audit and attestation engagements.
We have summarized below the checklists that will be applicable to your governmental, health care, and not-for-profit organization financial statement audits, your Yellow Book and Circular A-133 audits, and your HUD engagements.
Also, click here to access an archived GAQC member Web event titled, AICPA Peer Review: What is Changing and How Being a Peer Reviewer Can Enhance Your Practice. This event is intended to provide you with information about the AICPA Peer Review Program and how the program is an important aspect of enhancing audit quality. Additionally, the event provides information about some recent changes in the program in response to the federal study on single audit quality. Information is also provided about how performing peer reviews can be beneficial to your audit practice.
Checklists for 2013