An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm is referred to as a(n):

Question

Quizplus · Accepted Answer

A peer review engagement is a program that evaluates whether a CPA firm's quality control system is suitably designed and being appropriately applied to provide the firm with reasonable assurance of performing and reporting in conformity with professional standards in all material respects. In this type of engagement, a CPA firm arranges for another CPA firm to review its practices and processes. Choice B, Quality Control Engagement, refers to an engagement in which a CPA firm evaluates its own quality control processes. Choice C, Quality Assurance Engagement, is a general term that can include peer review engagements, as well as other engagements in which a firm assesses the quality of its own work or the work of others. Choice D, Attestation Engagement, refers to an engagement in which a firm provides an opinion, conclusion, or other form of assurance on subject matter or an assertion made by another party.

An Engagement in Which a CPA Firm Arranges for a Critical