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PROC flags concentration in peer‑review workload and asks staff for more disaggregated data
Summary
The PROC reviewed AICPA peer-review statistics showing reviewer-concentration concerns (top reviewers doing a large share of reviews) and asked staff and Cal CPA to pursue demographic and workload breakdowns and consider a roundtable to assess risk and succession planning.
The California Board of Accountancy’s Peer Review Oversight Committee on Aug. 8 examined AICPA peer review statistics for 2023–24 and raised concerns about concentration of peer-review work among a small number of reviewers. Sarah Benedict presented the data and members pressed staff for more disaggregated information to assess risk.
Why it matters: PROC members said a heavy concentration of peer reviews in the hands of a few reviewers or firms could present continuity and quality risks if those…
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