The AICPA board recently approved updates to the peer review standards to align with the new quality management standards and make some additional changes. And the PCAOB has issued guidance on critical audit matters and auditor responsibilities regarding illegal acts.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• AICPA board approves update to peer review standards
• PCAOB Audit Focus: Critical Audit Matters
• PCAOB Spotlight: Auditor Responsibilities for Detecting, Evaluating and Making Communications About Illegal Acts
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group