Peer Review Report
Peer review reports are independent evaluation of a CPA firm’s accounting and auditing practice quality. The report assesses whether the firm’s work complies with professional standards, including Generally Accepted Auditing Standards (GAAS) and applicable accounting principles. It typically includes the scope of the review, findings, and a conclusion on the firm's adherence to technical and ethical standards. The purpose is to ensure the firm maintains high-quality services and to identify areas for improvement, thereby enhancing public trust in the profession.