The AICPA Peer Review Board published a proposal Friday, Sept. 17, designed to clarify peer-review standards and make them easier for practitioners to read, understand and apply.
Along with the proposed clarity standards, the exposure draft includes content changes that would apply to peer review.
Standard changes include removing the requirement for the majority of procedures in a system review to perform at the reviewed firm’s office and changes to the requirements for on-site office visits. See all the proposed changes.
The AICPA will accept comments until Dec. 15 via email to PR_expdraft@aicpa.org.