While the AICPA administers a peer review program for CPA firms, the PCAOB staff performs practice inspections.
Question:
a. Identify the two basic types of peer review.
b. On what part of a firm’s practice does the PCAOB staff focus its inspections?
c. Describe a PCAOB inspection.
d. Describe how the PCAOB staff selects an audit engagement for inspection.
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a The two forms of peer review are a system review and an engagement review b The PCAOB inspections ...View the full answer
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Related Book For 
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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