Peer Review News & Updates

2010 Annual Report on Oversight: The Peer Review Program, administered by the Michigan Association of Certified Public Accountants (MACPA), was developed by the American Institute of Certified Public Accountants (AICPA) as an educational tool providing information and support to...
Accountancy Update: Online CPE and Peer Review Reporting: The Michigan Department of Licensing and Regulatory Affairs reports that the state’s online CPE and Peer Review Reporting program is functional and may be accessed from the State Board of Accountancy website at www.michigan.gov/accountancy...
2009 Annual Report on Oversight: The Peer Review Program, administered by the Michigan Association of Certified Public Accountants (MACPA), was developed by the American Institute of Certified Public Accountants (AICPA) as an educational tool providing information and support to...
Reviewed Firm Alert - Enhanced Peer Review of Auditors of Broker-Dealers: The PCAOB recently announced a proposal for an interim broker-dealer inspection program. Under the proposal, the PCAOB will inspect, over the next two years, all types of broker-dealers (BDs) to determine what auditing standards are needed and...
Audit Risk Areas Affected by the Economic Crisis: Recently the Public Company Oversight Board (PCAOB) released a report ( http://pcaobus.org/Inspections/Documents/4010_Report_Economic_Crisis.pdf ) to “inform the public concerning the audit risks and challenges that it has identified through its...
New Single Audit Act/A-133 Engagement Requirements for Peer Reviewers and Technical Reviewers: At the January 2010 Peer Review Board Meeting, the PRB approved revisions to the report acceptance process for reviews with A-133 engagement(s). As part of these revisions, the Qualifications for Technical Reviewers who are delegated by the RAB...
New AICPA Standards for Peer Reviews Commencing After January 1, 2009: The MACPA's website has been updated to reflect the changes taking place for performing and reporting on peer reviews commencing on or after January 1, 2009.
AICPA Practitioners Tool Kit for Peer Reviewers: The AICPA has released a Peer Review Practitioner’s Tool Kit as part of the initiatives the AICPA is undertaking to enhance the Peer Review Program. This Tool Kit provides samples and guidelines that both new and experienced peer reviewers can...
Peer Review Requirement Extended: On March 1st Governor Granholm signed Senate Bill 191 (now Public Act 1 of 2007) into law. Senate Bill 191 (now Public Act 1 of 2007) provides for the phase-in of firms required to provide proof of participation in a peer review (those firms that...