AICPA Pushes for Improved Audit Quality and Peer Review

Accounting Today

American Institute of CPAs president and CEO Barry Melancon told AICPA members at the Spring Meeting of Council in Washington, D.C., on Monday about the Institute’s efforts to improve audit quality and the peer review process. The effort comes in anticipation of a report that the Department of Labor is releasing that criticizes the quality of approximately one-third of audits of employee benefit plans (see AICPA Works on Fixing Employee Benefit Plan Audit Problems Ahead of Damaging Report).