Members' comments sought on increased transparency in peer review.

• Position: News update - Www.aicpa.org/transparency/index.htm - Brief article

As reported in the Nov. and Sept. issues of The CPA Letter, the AICPA, at the direction of its governing Council, began a member awareness effort regarding increased transparency of peer review results. Council had voted at its May 2004 meeting to support the idea of granting a broader range of stakeholders greater access to certain peer review information, such as the peer review report, the acceptance letter, and any letter of comment and applicable firm response.

A central component of the member awareness initiative is a recently launched Web site (www.aicpa.org/transparency/index.htm). The site explains the peer review process and its benefits from a historical perspective; allows visitors to download Peer Review in an Era of Transparency: A Position Paper, and provides a range of materials describing the...