A task force of the American Institute of CPAs released a set of recommendations to enhance the transparency of the institute's peer review system for the industry's public accounting sector.

"Just as the CPA profession has evolved to meet changing needs, the task force believes that the peer review system should evolve, too," said AICPA board member Lee Wunschel, who chaired the task force, in a statement. "In particular, we have sought ways to incorporate valuable member insights in our recommendations to make peer review reports more usable and transparent, which is critical in today's era of increased accountability."

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