Enhanced Oversight Frequently Asked Questions
What is an enhanced oversight?
An enhanced oversight is an oversight of a firm’s audit working papers for an engagement reviewed during the firm’s peer review. The oversight is performed by a subject matter expert (SME) after the firm’s peer review working papers have been submitted to the administering entity (AE) by its peer reviewer.
What is the objective of an enhanced oversight?
Launched in 2014 by the AICPA Peer Review Board (PRB), the objective