Friday, February 17, 2006

Time to Update Peer Review?

An AICPA Task Force has recommended modifications to the present peer review system to make it more transparent and bring it more into line with present practice. Included in specific requirements were: concise and "plain English" reports, call for all 50 states to require peer reviews, disclosure of results and an AICPA campaign to recruit peer reviewers.

The recommendations should help continue the rebuilding process of trust in the profession which has been going on since Enron. My biggest concern--with many CPA firms already stretched thin; how are you going to get firms to start peer reviewing?


Post a Comment

<< Home

My blog is worth $7,903.56.
How much is your blog worth?