To help audit firms develop more-focused remedies for their accounting and auditing practices, the AICPA Peer Review team collects data on Matters for Further Consideration (MFCs). An MFC form is used by peer reviewers to electronically capture "matters" detected during a peer review that are the most granular level of information indicating accounting and auditing deficiencies. The AICPA Peer Review team uses the data to identify problem areas in order to provide firms with tools to increase audit quality.
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