Peer review standards.

• Position: Revised

The AICPA's revised Standards for Performing and Reporting on Peer Reviews provides standards for administering, planning, performing, reporting and accepting peer reviews of CPA firms and individual CPAs enrolled in the AICPA Peer Review Program.

The revisions include more principles-based standards and changes to engagement and report reviews. The reporting process has been re-engineered to include a shorter and more concise peer review report, which...