What is Peer Review?
A peer review is a periodic, outside review of a firm's system of quality control over its auditing and accounting practice. Carried out by peer CPA colleagues with the support of the AICPA, a review of a member firm provides assurance that the firm has an appropriate system of quality control for its accounting and auditing practice and that it is complying with that system. Taken one step further, the peer review can also give reasonable assurance that the firm is complying with professional standards.
Public Interest
Recognizing the public's interest in reliable financial statements and the importance attached to the CPA reports on those statements, ASL has made independent peer review a requirement for our auditing and accounting services. ASL has received unmodified reports on our quality control policies and procedures for the last 14 years.
What should you look for?
Communication of results – There are three types of peer review reports that can be issued for a System or Engagement peer review:
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Why Peer Review? Peer review provides reasonable assurance that the accounting and auditing work done by the firm is quality work – work that can be relied upon in making business, personal or financial decisions. Click the image at right to read our peer review letter. |
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