In this month’s installment in The CPA Journal’s ongoing Millennium Series, the elusive concept of quality comes under the microscope in the form of the peer review.
As is often the case and as the article shows, the secret is that there really are no secrets. Successful peer reviews are the result of strategic thinking, hard work, and a mind-set that sees embracing the peer review process as an opportunity to internalize quality as part of the firm’s culture. The “secret” strategies are as follows:
Firms that apply these secrets find that, rather than adopting standards with the goal of passing peer review, the peer review standards provide a roadmap for systematic improvement. Peer review becomes a means to an end rather than an end in itself. The end is a well-managed firm and higher-quality service for its clients. q
The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments.
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