5. When must a public accountant obtain a peer review? When is it not necessary? 8....

5. When must a public accountant obtain a peer review? When is it not necessary?
8. According to California law, when is an accountant allowed to disclose confidential information? How does this differ from the AICPA standards?

Expert Solution

Ques. When must a public accountant obtain a peer review? When is it not necessary?

Ans. Peer review is the evaluation of work by one or more people with similar competences as the producers of the work (peers). It functions as a form of self-regulation by qualified members of a profession within the relevant field. Public accontant must obtain peer review when they are engaged in performing audits or engagements under the Statement on Standards for Attestation Engagements (SSAEs), that are not compilations or reviews, then public accontant is subject to the requirements and must enroll in a Board approved program of peer reviews. So, basically peer review should be obtained by public accountants when they are engaged in auditing and engagements services to get check the quality of work done by other professionals who are also from the same line.

If public accountant performs no audit or engagements under the SSAEs, then he is exempted from the enrollment requirements of the program. That means public accountant is not required to obtain a peer review when he is not engaged in auditing and engagement services.

Note: As per answering rules only one question is answered. If you want solution of other questions, please upload them separately.

ekkarill92 answered 1 year ago

Science and the scientific method is essentially a public process including peer review and discussion. Explain...

Science and the scientific method is essentially a public process including peer review and discussion. Explain how the peer review and discussion process relates to hypotheses and theories. Be sure to also explain the difference between a hypothesis and a theory in your answer.

1. What are some of the problems that could occur in communication when a peer-review process...

1. What are some of the problems that could occur in communication when a peer-review process "breaks down." 2. What are some of the ways a writer can be clear to his reader when developing a research paper ?

After identifying 2 competing public companies you will do research to obtain the necessary financial statements...

After identifying 2 competing public companies you will do research to obtain the necessary financial statements (2 years) on each firm. Most important is your “personal assessment” of what you found / learned about the two companies. Required preparation and analysis: A. Common Size Statements and Analysis - Vertical and Horizontal Analysis B. Ratio Analysis and Analysis - Commentary based upon Liquidity, Solvency, Efficiency, Profitability, Market, Financial Leverage, and Coverage. C. A DuPont analysis that compares the 3 DuPont...

in laws and public affairs, why is judicial review necessary? write in one double space page.

When an asset is disposed of, there are several questions the tax accountant must answer in...

When an asset is disposed of, there are several questions the tax accountant must answer in determining the tax implications of the disposition. These include the type of asset, the amount realized, the amount of the gain or loss, and how long the asset was held. What are the different asset classifications? How is the amount realized on a sale or exchange determined? How is the amount of gain or loss determined? How are capital assets classified as short term...

Question 8 When reporting data in a results section, it is ______ necessary to identify the...

Question 8 When reporting data in a results section, it is ______ necessary to identify the type of t test computed. a. significantly b. not c. usually d. always

What nursing interventions are necessary when a patient takes a medication that must be monitored by...

What nursing interventions are necessary when a patient takes a medication that must be monitored by peak & trough levels? Why? (no more than one paragraph answer)

Answer each of the following questions. When graphs are necessary it must be fully labeled and...

Answer each of the following questions. When graphs are necessary it must be fully labeled and identify shifting factors and equilibrium changes to receive credit. If you think neither Supply nor Demand is affected, or that two different answers are possible, make sure to explain why you chose your answer. Any portion of a question that asks for an explanation should be approx. 5-6 sentences Market research has found that wine is a strong complement to cheese. Based on this...

8. When the victim of a defamatory statement is a public figure: a. the elements of...

8. When the victim of a defamatory statement is a public figure: a. the elements of the tort of defamation are exactly the same; b. the public figure has no right to sue for defamation; c. the public figure can only sue business or political enemies or defamation; d. the public figure is also required to prove actual malice; that is, the Defendant made the defamatory statement knowing the statement was false. 19. A distinctive mark, logo or name, can...

How can you obtain coefficient of permeability? Classify and define briefly. Please use sketches when necessary.

Question