PR prompts

This semi-annual newsletter is intended for peer reviewers to share with their peer review clients. The newsletter content is compiled by the AICPA and includes updates in the Peer Review Program, newly effective/recently issued audit and accounting standards and other available resources.

The PR prompts newsletter is formatted, but unbranded so the reviewer’s firm can apply its logo/branding.

Take a look below to access past and current editions of PR prompts.

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2023

Fall edition

• Get your firm ready for the new quality management (QM) standards!
• Digital Assets: Reviewing engagements involving use of service organizations
• Check out this newly released Not-For-Profit (NFP) resource!
• Can an auditor perform an ERISA section 103(a)(3)(C) audit if the Plan does not have an audit requirement?
• Audit & Attest Standards staff issued guidance on the applicability of AR-C section 70
• Resources from the AICPA’s Enhancing Audit Quality (EAQ) initiative

Spring edition

• Tips for Utilizing Peer Review Extensions
• Crosswalk between SQMS No. 1 and SQCS No. 8, as amended
• Timeline of Peer Review Process and Significant Events
• FASB ASU No. 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit (NFP) Entities for Contributed Nonfinancial Assets.
• Did your client’s pandemic funding trigger Yellow Book requirements?
• Unique Items to Consider Related to SOC 2 Examinations
• Ethics roundup
• Resources from the AICPA’s EAQ initiative

2022

Fall edition

• Are You Preparing for Your Next Peer Review?
• Resources from the AICPA’s EAQ initiative
• AICPA’s Proposed New Quality Control Material (QCM) Content Criteria Support Examinations of Guides and Tools
• Ethics. Important information that works for you.

Spring edition

• Are your clients requesting new Yellow Book services?
• Audit Quality Indicators show importance of tone at the top
• Coming soon! New accounting standard for NFPs
• Peer Review Clarified Standards now in effect!
• Invest in yourself! Take the CPA Firm Top Issues Survey
• Resources from the AICPA’s EAQ initiative
• Interested in becoming a Peer Review Team or Review Captain?
• New Quality Management Standards
• Ethical Prompts
• Digital Assets
• Standards

2021

Fall edition

• Peer Review
• Single Audits and SOC tools
• Standards
• Resources from AICPA’s EAQ initiative
• Ethical Prompts

Spring edition

• Single Audits and Peer Review
• Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative
• Some Ethical Prompts
• Technology Leads the Way: Digital Assets, Blockchain, and SOC
• Other Items of Note

Special edition (May 2021)

• A New Approach to Quality Management Standards
• Additional Resources

2020

Fall edition

• Stay in the know: COVID-19
• Tips for Auditing Revenue Recognition
• Handling nondisclosure compilations amid the pandemic
• Are you ready to audit during the pandemic?
• Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative
• Technology helps lead the way
• PR Prompts: A Focus on Peer Reviews
• Some Ethical Prompts

Spring edition

• Responding to COVID-19
• Ready, Set, Implement: News on A&A Standards
• Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative
• At the Pinnacle – Staying on top of ethics
• PR Prompts: An eye on peer review
• Emerge or fall behind: A spotlight on technology

2019

Fall edition

• PR Prompts: Updates from Peer Review
• Ready, Set, Implement: Updates on Standards
• Firm Compliance with State Peer Review Licensure Requirements
• Ethics Update
• Auditor Reporting
• Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative