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Peer Review Board The Institute of Chartered Accountants of India 9th February, 2022 ANNOUNCEMENT Guidelines for conducting Distance/Remote/ online Peer Review The Peer Review Board after due deliberation at its recently held meeting has decided to adopt conducting of distance/ remote/ on
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FAQ :
The ICAI Peer Review Board has decided to adopt the conduct of distance, remote, or online Peer Review.
The decision was made in consideration of the pandemic and the changed audit methodologies adopted over the last two years, making it appropriate to conduct Peer Reviews remotely.
No, on a broader basis, there is not expected to be any significant change in the review process compared to the physical mode, as the objective of the review remains the same.
Communications can be conducted via email, and practice units can provide data and documents in soft copy format. Reviewers can also request remote access to the practice unit's platform.
The fact that the Peer Review was conducted through a virtual mode should be mentioned in the Report submitted to the Board.
The Peer Review shall be conducted only by the Peer Reviewer and/or one qualified Assistant who may assist the Peer Reviewer.
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