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External AICPA Peer Review

Peer Review

Peer review is a process where experts in a specific field evaluate the quality, validity, and relevance of a researcher's work before it is published.

This ensures the research meets academic standards, is free of errors, and contributes valuable knowledge to the field.

peer review is confidential to protect the integrity of the process and maintain anonymity between authors and reviewers

More About External AICPA Peer Review Requirements

Most State Boards of accountancy require its licensees, providing attestation services to clients, to undergo an external AICPA regulated peer review to practice public accounting in that State. The goal of practice monitoring, and the program itself, is to promote quality in the accounting and auditing services subject to peer review standards. This goals serves the public interest and enhances the significance of AICPA membership.

There are two types of peer reviews:

  • System Review focuses on a firm’s overall system of quality control.
  • Engagement Review focuses on selected engagements.

AICPA requires all public accounting firms or individual CPA licensees who provide attestation services to clients, to get an external peer review performed every three years. We received an unqualified external peer review report in 2011, 2014, 2017 and 2020 with “Pass” rating.

Download a copy using the link below:

Peer Review Report – 2011
Peer Review Report – 2014
Peer Review Report – 2017
Peer Review Report – 2020

Pre-Issuance Technical & Quality Control Review

Many times the CPA firms do not have competent resources to perform an independent technical and quality control review of attestation engagements.

We perform such engagement specific reviews and assist CPA firms to improve quality of their engagement work-papers, to be compliant with standards and other regulations and to prepare for an external peer review.

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    Advantages of Peer Review Requirements Services

    SUPER BENEFITS

    Quality Assurance ensures the accuracy and reliability of research by scrutinizing it with experts in the field.

    Authors receive constructive feedback to enhance the clarity, coherence, and impact of their work.

    Validates the credibility and originality of research, contributing to its acceptance within the academic community.

    Ensures adherence to publication standards and ethical guidelines, maintaining integrity in scholarly communication.

    Facilitates the dissemination of new knowledge and advancements in various fields.

    Enhances authors' reputations and credibility within their academic or professional communities.

    Promotes critical thinking and rigorous evaluation of research methodologies and findings.

    Provides opportunities for networking among researchers and professionals in similar disciplines.

    Offers a learning experience for reviewers and authors alike, fostering continuous improvement in research practices.

    Enhances transparency in research by subjecting findings to independent scrutiny before publication.

    Benefits for Peer Review Report

    Outsource Peer Review Requirement Services

    Rely on our seasoned peer review experts for precise financial management and regulatory compliance. 

    Effortlessly adapt our services to meet your evolving needs, ensuring continuous growth and flexibility. 

    FREQUENTLY ASKED QUESTIONS

    Peer Review Report Services

    Peer review is a quality control process used to assess the validity, quality, and originality of scholarly articles, research papers, or proposals before publication or funding approval. It involves evaluation by experts (peers) in the same field.

    Peer review ensures the accuracy and credibility of research and scholarly work by subjecting it to rigorous scrutiny from impartial experts. It helps maintain academic standards, prevents plagiarism, and filters out unreliable information.

    Peer review is conducted by experts or peers who have expertise in the subject matter of the work being evaluated. They are typically researchers, scholars, or professionals in the same field.

    There are several types of peer review:

    • Single-blind review: Reviewers know the authors' identities, but the authors do not know the reviewers' identities.
    • Double-masked review: Both reviewers and authors are anonymous to each other.
    • Open review: Reviewers' identities are known to authors, and sometimes, reviews are published alongside the article.
    • Post-publication review: Reviews are conducted after publication, often involving comments and feedback from readers.

    The duration varies depending on the journal or funding agency, the complexity of the submission, and the availability of reviewers. It can range from a few weeks to several months.

    After peer review, authors receive feedback from reviewers and the editor's decision:

    • Acceptance: The submission is accepted for publication or funding.
    • Revision: Authors are asked to revise the submission according to reviewers' comments.
    • Rejection: The submission needs to meet the standards or criteria and be accepted.

    While peer review aims to be impartial, biases can occur. Common biases include favouritism, prejudice based on nationality or institutional affiliation, and gender bias. Journals and funding agencies strive to mitigate bias through rigorous editorial and review processes.

    Researchers and scholars interested in becoming peer reviewers can volunteer or be invited by journals and funding agencies. Building expertise in your field, networking with colleagues, and establishing a publication record are essential steps to becoming a peer reviewer.

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