The AICPA announced a new annual questionnaire for all accounting and auditing firms enrolled in Peer Review. Participation will be required and the questionnaire will launch on June 1. The questionnaire, consisting of five questions, will be delivered via notification from the Peer Review Integrated Management Application (PRIMA) and must be completed within 90 days. According to the AICPA, reminders will be sent throughout the submission period, but failure to complete the questionnaire will ultimately result in escalation to the drop process.
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