Question 1
How often is the AICPA Peer Review Program performed of an AICPA member CPA firm administered by a State CPA Society under the overall direction of the AICPA Peer Review Board?
◦ every year
◦ every 2 years
◦ every 3 years
◦ every 5 years
Question 2
Quality control for a CPA firm
◦ includes the organizational structure of the firm and the procedures it establishes.
◦ is tailored to each specific audit engagement.
◦ is a guarantee that auditing standards are followed.
◦ is required only for firms auditing SEC companies.