The committee that first recommended that the profession institute a voluntary program for peer review was:
A)Metcalf committee
B)Cohen committee
C)The House Subcommittee on Oversight and Investigations
D)Mintz and Morris committee

Question

Quizplus · Accepted Answer

The Metcalf committee was established in 1974 to investigate the quality of auditing in the United States. They recommended that the profession institute a voluntary program for peer review, which led to the development of the AICPA Peer Review Program. The Cohen committee was formed in 2002 to investigate the collapse of Enron and did not recommend a peer review program. The House Subcommittee on Oversight and Investigations also conducted hearings on Enron but did not recommend a peer review program. The Mintz and Morris committee was formed in 1978 to investigate the quality of auditing in the U.S. and recommended changes to auditing standards and the role of auditors, but did not recommend a peer review program.

The Committee That First Recommended That the Profession Institute a Voluntary