- videocam Live Webinar with Live Q&A
- calendar_month October 22, 2026 @ 1:00 PM ET/10:00 AM PT
- signal_cellular_alt Intermediate
- card_travel Accounting
- schedule 110 minutes
AICPA Peer Review Program: Overcoming Common Deficiencies
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About the Course
Introduction
This course will prepare professional accounting firms for the required AICPA peer review. The panelist will outline best practices for undergoing reviews and discuss recent developments, including the AICPA's latest issued standards.
Description
The AICPA's 2025 Annual Report on Peer Review Activities, issued on May 14, 2026, for peer reviews performed from 2023-2025, shows pass rates of 80% for system reviews and 85% for engagement reviews. Common reasons for failed or "passed with deficiencies" results of the reviews of firms' quality control systems include inadequate engagement performance, monitoring, and human resources.
Accounting firms continue to wrestle with the ever-changing guidance issued by the AICPA and requirements that vary significantly depending on the type of engagement: Audit, Review, Compilation, Non-Attest, or Personal Financial Statement. Still, practitioners want to make the grade and obtain the coveted clean opinion from the reviewer.
Listen as our knowledgeable peer review professional explains the latest AICPA guidance and how to prepare your firm for peer review.
Presented By
Mr. Beddow is a managing director on Grant Thornton’s Audit Risk Management team. He manages the firm’s Internal Audit Practice Review program and is the liaison for the external peer review and Department of Labor inspections. Mr. Beddow also supports the annual PCAOB inspection. He has more than 25 years of public accounting experience, including 10 years serving construction and distribution clients. Mr. Beddow was previously a senior technical manager at the AICPA, where he managed all aspects of the Peer Review Program, including drafting peer review standards, serving as a staff liaison to the AICPA Peer Review Board and overseeing the program’s operations.
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
Date + Time
- event
Thursday, October 22, 2026
- schedule
1:00 PM ET/10:00 AM PT
I. Peer review standards and your A&A practice
II. Off and running - it's only a compilation
III. Providing limited assurance: review engagements
IV. Common peer review deficiencies
V. Other unique reporting and A&A areas
V. Quality Management Standards
The panelist will prepare you for your upcoming peer review by:
- Discussing the impact of recent developments involving compilations, reviews, auditing, and non-attest engagements
- Highlighting potential weaknesses in peer reviews noted in the Annual Report on Peer Review Activities
- Explaining compliance for unique reporting areas including personal financial statements and forecasts
- Identifying steps to take to avoid common deficiencies found during the peer review
Learning Objectives
After completing this course, you will be able to:
- Identify current standards for review engagements
- Recognize common deficiencies in peer reviews
- Determine specific compliance steps for unique reporting areas
- Decide specific steps to take to avoid common deficiencies
- Field of Study: Accounting
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of AICPA Peer Review Program.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
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