The American institute of Certified Public Accounts is a national organization that is dedicated to enhancing the quality of accounting, auditing and attestation services performed by AICPA members in public practice. All CPA's performing audit or attest services are subject to having their work reviewed and approved.
There are three levels of peer review results. Pass, pass with deficiencies, and fail. Substandard results on these peer reviews could result in the accountant being barred from performing these types of services.
These results must be provided to the North Carolina State Board of Certified Public Accounts, who license and approve the continued licensing of all certified public accountants practicing in the state of North Carolina.