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the peer review program is the aicpas commitment to public trust serving private companies not-for-profits governments and employee benefit plans the program gives Regulators investors creditors and government agencies more confidence in an organizations financial statements peer review is part of a robust public protection framework that includes professional and ethical standards CPAs State Licensing model remediation disciplinary functions by state and federal regulators a peer review entails either an evaluation of a firms system of quality control for firms that provide the highest level of assurance or a report based on a review of a select number of engagements for firms providing other accounting services 24 000 firms that perform assurance and other accounting services must undergo a peer review every three years by a qualified CPA to safeguard Independence and enhance quality the peer review program requires reviewers to undergo annual training a data matching program pai