Learn more about increasing transparency of peer review process--visit new Web site.

At its spring meeting, the AICPA governing Council approved a resolution that supports the need for increased transparency of peer review results. To provide members with resources so they can better understand and discuss the move toward granting a broader range of stakeholders greater access to peer review information, the AICPA has launched a multi-faceted member awareness campaign.

According to AICPA Chair Robert Bunting, "As CPAs, we want everything we do--the financial statements we audit, the advice we dispense, the tax returns we prepare--to transparently communicate the facts clearly and truthfully to all our audiences. Now, we need to adopt transparency as the watchword for our own rules and procedures. Professions that want the trust and respect of the public need to lay out their internal controls for everyone to see. For CPAs, nowhere is this more relevant today than with our peer review program."

To help familiarize members with the issues related to increased transparency of peer review information and the possible ways of achieving it, the AICPA has created a new Web site (www.aicpa.org/transparency/index.htm). The site explains the peer review process from a historical perspective, as well as its benefits; allows visitors to download a white paper on the subject; and covers the issues involved in granting greater access to peer review Information. In addition, a "Share Your Views" section will offer members access to an online survey, a newly created AICPA e-mail box ([e-mail]), as well as links describing other opportunities for members to provide input on this important initiative.

Stay tuned to The CPA Letter and other communications vehicles for regular updates.

www.aicpa.org/transparency/index.htm

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