The news these days is dominated by politics and the state of the economy. While you stay abreast of what’s happening on these fronts – Kondler & Associates is staying up-to-date on the most recent accounting standards to ensure systems of quality control and procedures comply with new industry standards.
This is exactly what you want out of a Peer Reviewer and at Kondler & Associates, we have our finger on the pulse of the industry – here’s the latest information for you below:
There are proposed revisions to Peer Review Standards regarding Performing and Reporting on Peer Reviews of Quality Control Materials (QCM) and Continuing Professional Education (CPE) Programs.
a. Firms selecting a peer reviewer will need to ensure their peer review is not performed by a firm that provides their QCM materials or CPE programs. This is considered a potential lack of independence.
b. Potentially removes the rule that QCM and CPE providers undergo triennial peer review.