Identify the formal evaluation/review method/process where the work, performance, or compliance of a professional or firm is examined by another qualified and independent professional. Specify the points on which the rev

Peer Review: The formal evaluation/review method/process where the work, performance, or compliance of a professional or firm is examined by another qualified and independent professional is the Peer Review Process. The points on which Review shall focus are: Compliance with ICSI Guidance on Office Administration and Systems in the Office of PCS, ICSI Auditing Standards, Guidance Notes, Manuals, References and advisories issued by the Institute; Quality of Reporting; Office systems and procedures; and Training Programs for staff (including trainees), including appropriate infrastructure. When once a practice unit is selected for review, its engagement records pertaining to the immediately preceding financial year shall be subject to review.