Peer Review Faces “A Real Problem”
AICPA senior vice president Sue Coffey addresses another looming shortage, this time in peer reviewers.
Liz Gold reports from AICPA Fall Council:
“Two years ago we had 11,000 peer reviews a year and only 1,700 peer reviewers, and that was a significant decrease from five years previous to that,” she said. “Of those 1,700, 90 percent were over the age of 40, and 45 percent were over the age of 55. We have a real problem, just like the rest of the profession, with the pipeline and getting people involved in peer review, and we need to do something about it.”
New standards that go into effect in January will require only the team captain and review captain to have had training in peer review.
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