AICPA Peer Review is dedicated to enhancing the quality of accounting, auditing and attestation services performed by AICPA members in public practice.
When performing peer reviews, reviewers document the
areas in which firms struggle to comply with professional standards. The AICPA Peer
Review Team compiles and periodically communicates these common areas of
noncompliance so that other firms won’t make the same mistakes. This is just
one of the many ways in which peer review benefits the profession.
the past few months, peer reviewers have reported that firms failed to properly
assess risk and properly document IT risk assessments. Some of the most common
areas of noncompliance with the risk assessment standards are listed below,
along with some advice to help your firm prevent the same mistakes.
Continue reading "What We’ve Uncovered… About the Risk Assessment Standards" »
Our firm, Gentile
Pismeny & Brengel, LLP, headquartered in Great Neck, N.Y., has undergone eight
peer reviews since 1991. These reviews have consistently proven to be highly
beneficial, providing us with new insights into how we can strengthen our firm,
and in turn, the profession. In fact, we see such value in the process that we’ve
recently decided to expand our array of services to include peer review.
peer review can do for your firm? Read
on to discover why we feel so strongly about it.
Continue reading "How Peer Review Strengthened Our Firm" »