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AICPA Releases Plan to Improve Audit Quality

As part of the its Enhancing Audit Quality (EAQ) initiative, the AICPA released its 6-Point Plan to Improve Audits on Thursday. The six points include: 
  1. Pre-licensure
  2. Standards and Ethics
  3. CPA Learning and Support
  4. Peer Review
  5. Practice Monitoring of the Future
  6. Enforcement

Read the full plan here or read the Journal of Accountancy article here.