Changes to peer review program.

• Position: AICPA Concept Paper - American Institute of Certified Public Accountants - Brief article

The AICPA is accepting comments on a new concept paper, Evolving the CPA Profession's Peer Review Program for the Future, which explains how the existing peer review program could be transformed into a technology-driven, near-real time process.

Some ideas in the paper to improve peer reviews include:

* Firms continuous review of accounting, auditing and attestation engagements and systems, with quality issues being detected and corrected in near real-time, instead of after the fact;

* Near real-time firm...