On Sept. 10, the AICPA’s Peer Review Board proposed Peer Review Standards Update (PRSU) No. 3, which would centralize the administration of peer reviews of firms operating under alternative practice structures (APS), including those with private equity investments. The change would require firms operating under non-traditional business models to have their peer reviews administered by the AICPA’s National Peer Review Committee, rather than one of the 23 state administering entities. The comment period for the proposed update will be open until Oct. 25 this year. If approved by the Peer Review Board, it would be effective for peer reviews with years ending on or after Dec. 31, 2025.
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.
Jaclyn Veno, CPA, holds both a bachelor’s and a master’s degree in accounting from Clemson University. Before joining Galasso Learning Solutions, she held previous positions in auditing with two top 10 CPA firms. Jaclyn has extensive experience developing both staff and interns including working with overseas staff. She holds certificates in adult learning, instructional design, and training & facilitation as well as virtual learning theory from the Association for Talent Development (ATD).
