Performance Indicators and Internal Budget Controls Like Term Paper

Excerpt from Term Paper :

performance indicators and internal budget controls like reviewing staff hours can be used to assess individual and organizational accountability. Strict AICPA standards are required for the peer-review process. In addition, internal budget controls are also effective performance indicators.

The American Institute of Certified Public Accountants (AICPA) has published extensive and strict guidelines regarding the CPA peer review process (AICPA). The standards for membership in the AICPA are strict, "to retain their membership in the American Institute of Certified Public Accountants (AICPA) members of the AICPA who are engaged in the practice of public accounting
Parts of this Document are Hidden
Click Here to View Entire Document
in the United States or its territories are required to be practicing as partners or employees of firms enrolled in an approved practice-monitoring program..."

In accordance with the AICPA standards, the firm will chose a single, qualified CPA from a list provided by the AICPA to conduct a peer review. This person will review working conditions, including interviews regarding current issues on tax or accounting-related matters. This peer-review process will also ensure that all firm employees continue further…

Sources Used in Documents:

References

IACPA. Standards for Performing and Reporting on Peer Reviews. 23 October 2003. http://www.aicpa.org/members/div/practmon/stdstitle.htm

Cite This Term Paper:

"Performance Indicators And Internal Budget Controls Like" (2003, October 25) Retrieved December 4, 2020, from
https://www.paperdue.com/essay/performance-indicators-and-internal-budget-155183

"Performance Indicators And Internal Budget Controls Like" 25 October 2003. Web.4 December. 2020. <
https://www.paperdue.com/essay/performance-indicators-and-internal-budget-155183>

"Performance Indicators And Internal Budget Controls Like", 25 October 2003, Accessed.4 December. 2020,
https://www.paperdue.com/essay/performance-indicators-and-internal-budget-155183