Please explain the difference between peer review board and quality review board?

Questions › Category: CA-Final Peer Review › Please explain the difference between peer review board and quality review board?

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Jaspreet Singh asked 5 years ago

Sir, please explain the concept of quality review board in a bit detail. Moreover, is it relevant for old course CA final Audit?
The max info. I have regarding quality review is that
it is governed by section 29A of CA Act, 1949.
It comprises of min 5 members and max 15 members.
The technical reviewer has to submit his report within 45 days.

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Ravi Staff answered 5 years ago

Quality review board as per CA Act controlled by government main objective to advice ICAI & members in general
Peer review board as per Peer Review Statement controlled by ICAI to help individual practicing unit to improve its audit system (quality control systems)