Question: The AICPA has a voluntary quality control review program. Required: a. What are the requirements for acceptance and continuation in this program? b. What are

The AICPA has a voluntary quality control review program.

Required:

a. What are the requirements for acceptance and continuation in this program?

b. What are the objectives and standards of compliance reviews?

c. How may the review teams be appointed?

d. What constitutes an acceptable report in a compliance review? What sanctions result when a report is unacceptable?

e. What publicity may be given to the results of a peer review by the reviewed firm?

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