Peer Review Exposure Drafts

The AICPA Peer Review Board (PRB) is responsible for developing and issuing the AICPA Standards for Performing and Reporting on Peer Reviews (Standards) and Interpretations to the Standards and for monitoring those standards and making revisions as needed. The PRB utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed standards and a formal vote. Exposure Drafts of these Standards are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard.

Click a link below to download a white paper, an exposure draft or comment letters related to an exposure draft.  

Exposure Draft Topic Comment Deadline Comment Letters

Peer Review Standards Update No. 2, Reviewing A Firm's System of Quality Management and Omnibus Technical Enhancements

Template for Comments and Suggestions (Fillable PDF version)

Template for Comments and Suggestions (Word document version)

 May 31, 2024  
Peer Review Standards Update No. 1, Omnibus Enhancements and Technical Corrections January 31, 2023 Comment Letters

Clarification of AICPA Standards for Performing and Reporting on Peer Reviews

Template for Comments and Suggestions

Additional resources

See how the proposed Standards map to the current Standards.

 December 15, 2021 Comment Letters
Modifying Peer Review Report and Firm Representation Letter September 30, 2016 Comment Letters
Allowing Firms With No AICPA Members to Enroll in the Peer Review Program August 26, 2016 Comment Letters
Improving Transparency and Effectiveness of Peer Review January 31, 2016 Comment Letters
Preparation of Financial Statements Performed Under SSARS and the Impact on the Scope of Peer Review January 2, 2015 Comment Letters
Peer Reviewer Performance, Disagreements and Qualifications January 2, 2015 Comment Letters
Preparation of Financial Statements Performed Under SSARS and the Impact on the Scope of Peer Review October 31, 2014 Comment Letters
Engagement Review Pass With Deficiencies vs. Fail Report July 5, 2014 Comment Letters
Scope of System Review and Must Select Engagements Exposure Draft
(Distributed June 1, 2012)		 August 31, 2012 Comment Letters
QCM Exposure Draft
(Distributed August 22, 2011)		 September 20, 2011 Comment Letters
White Paper on Peer Review Standards and Interpretations Changes Based on the June 1, 2010 Exposure Draft Not Applicable  
SSARS 19 Exposure Draft
(Distributed January 31, 2011)		 April 29, 2011 Comment Letters
QCM/CPE Peer Review Exposure Draft
(Distributed June 1, 2010)		 August 31, 2010 Comment Letters

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