ANNUAL REPORT ON OVERSIGHT Issued May 8, 2020 Copyright © 2020 by American Institute of Certified Public Accountants, Inc. New York, NY 10036-8775 All rights reserved. For information about the procedure for requesting permission to make copies of any part of this work, please email
[email protected] with your request. Otherwise, requests should be written and mailed to the Permissions Department, 220 Leigh Farm Road, Durham, NC 27707-8110. Table of Contents Introduction ................................................................................................................................i Letter to the Peer Review Board .............................................................................................1 Peer Review Program ..............................................................................................................3 Exhibit 1 Administering Entities Approved to Administer the Program in 2018 and 2019 ....... 15 Exhibit 2 Results by Type of Peer Review and Report Issued ............................................... 16 Exhibit 3 Type and Number of Reasons for Report Modifications ......................................... 17 Exhibit 4 Number of Engagements Not Performed in Accordance with Professional Standards in All Material Respects ....................................................................................................... 18 Exhibit 5 Summary of Required Follow-Up Actions ............................................................... 19 Exhibit 6 On-Site Oversights