A special task force of the American Institute of Certified Public Accountants has released recommendations intended to enhance the transparency of the Institute's Peer Review Program.
The task force acknowledged the increased demand for peer review information by regulators and other users, and recommended that the peer review reporting model be simplified. Another recommendation is that in the cases of firms that have received a second consecutive modified and any adverse peer review report, direct access be given to the state boards that license those firms to practice.
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