November 7, 2009
 

 
Exposure Draft - Proposed Revisions to the AICPA Standards for Performing and Reporting on Peer Reviews



Top News

New 2009 Oversight Report

New A-133 Update

New June 2009 Peer Review Alert

AICPA Peer Review Manual, effective for reviews commencing on or after January 1, 2009

2008 Oversight Report

2009 Team Captain Packages

Practice Management Tool Kit

Free Practice Aids and Tools

Peer Review enrollment form

Peer Review Board Annual Report on Oversight

Practitioners Tool Kit for Peer Reviewers

Reviewer Training Courses

Results of Administering Entity Oversight Visits

Other Resources

Archives

Publications

Links

 


The AICPA Peer Review Board (Board) has released an exposure draft containing proposed revisions to the AICPA Standards for Performing and Reporting on Peer Reviews (Standards) and Interpretations to the Standards

The proposed changes are expected to result in a more efficient and effective peer review process.  However, since the proposed changes are significant, all interested parties (especially peer reviewers, peer reviewed firms and peer review users) are encouraged to review them and provide feedback to ensure your views are considered.  Written comments or suggestions on any aspect of this exposure draft will be appreciated.  

The exposure draft proposes to create one set of Standards and Interpretations within the AICPA Peer Review Program for all AICPA members subject to peer review. Member firms currently enrolled in the Center for Public Company Audit Firms (CPCAF) Peer Review Program would be covered under this measure. Other proposals include a reengineered reporting process, changes to engagement and report reviews, and more principles-based Standards. The exposure draft contemplates that the revised Standards and Interpretations will be effective for peer reviews commencing on or after January 1, 2009.  Early implementation will not be allowed.

To facilitate the Board's consideration, comments or suggestions should refer to the specific paragraphs and include supporting reasons for each comment or suggestion. Responses should be sent to Susan Rowley, Senior Technical Manager, AICPA Peer Review Program, AICPA, 220 Leigh Farm Road, Durham, NC, 27707-8110, in time to be received by June 30, 2007. Electronic submissions of comments or suggestions in Microsoft Word should be sent to srowley@aicpa.org in time to be received by June 30, 2007.

The document is available below to download as a PDF file. The Adobe Acrobat Reader is needed to view a file in PDF format. The reader is available as a free download from the Adobe Web site at www.adobe.com/prodindex/acrobat/readstep.html.

To begin downloading, click on the item below with the right-hand mouse button. Choose the "Save Target As" option if using a Microsoft browser; choose "Save Link As" if using a Netscape browser. Then, save the file to the appropriate location.

Download the Exposure Draft

 

 
 
To ensure that you can receive email messages from the AICPA, remember to update your member profile. Also, add the AICPA's email domains ("aicpa.org" and "email.aicpa.org") to your Sender Safe List, or contact your IT administrator to update your firm's email software.

©2006-2009 The American Institute of Certified Public Accountants, ISO 9001 Certified
AICPA Privacy Policy and Copyright Information | Jobs at the AICPA | Contact Us
AICPA, 1211 Avenue of the Americas, New York, NY 10036
Trusted Commerce